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Well Established Indian Restaurant - Presently Not Serving Liquor For Sale

South London, London, UK
Asking Price:
£80,000
Turnover:
£299,000
Net Profit:
Undisclosed

SINGLE FRONTED PREMISES in the region of 700ft², WITH ELECTRIC SHUTTERS, Carpet flooring, plasterboard ceiling with spotlights.

Customer waiting area.

Tables and chairs seating 28 people.

Bar - Free standing fridge. Wash hand basin.

Ladie's cloakroom with toilet and wash hand basin.

Gentlemen's cloakroom with toilet and wash hand basin.

KITCHEN - Stainless steel extractor, Tandoori oven, 8 burner gas hob, plate warmer, micowave, stainless steel preparation tables, 2 upright fridges, chest freezer, double sink and drainer, etc.

Store room.

Room to extend the premises to the rear subject to planning permission.

LOCATION: Terrace property, excellent trading position, residential area, SE LONDON

TURNOVER: WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. - £6,000 p.w. with a Gross profit of 65% approx.

The premises have a premises licence although the vendor chooses not to sell alcohol. We are advised, when offering liquor the turnover was £8,000 p.w..

STAFFING: The business is at present operated by the vendor with 5 full time and 3 part time.

We are informed the wage bill averages £1,750p.w. approx.

PRICE: TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

ADDITIONAL INFORMATION AVAILABLE INCLUDING; RENT, LEASE TERMS, OPENING HOURS, BUSINESS RATES AND REASON FOR SALE VIA THE 'CONTACT BROKER' BUTTON

Property Information

Property:

Leasehold