Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Business For Sale. Licenced Indian Restaurant Accommodation South Croydon Surrey

LISTING DETAILS
Firms For Sale ID:
32592
Vendor reference:
E7359FS
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£145,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
£468,000
Net profit / cashflow:
Undisclosed
Years established:
2
Trading hours:
Mon – Sun 12.30 pm – 2.30 pm & 6.00 pm – 11.30 pm.
Number of employees:
4

OTHER DETAILS
Reason for selling:
Ill health
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease length:
20
Lease remaining:
18
Lease terms:
Renewable 20 years lease was granted in September 2011 with 4 yearly rent reviews and the current rent is £50,000 per annum.
Rent:
£50,000 per annum
BUSINESS DESCRIPTION
On busy main road, excellent passing trade, ample parking. 3,000 sq ft, 90 seats, tkg £9,000/£10,000 pw. 20 year renewable lease from Sept 2011, 4 yrly reviews, rent £50,000 pa, rates £8,000 pa. 10 rooms above with separate entrance.

Market / Competition / Non-Competition Agreements
Large detached premises with wide forecourt accommodating parking spaces and further parking at the rear of the premises. Internally the fully air conditioned restaurant measure approximately 3,000 sq ft overall comprising waiting area, drinks bar, seating area for 90 covers, cloak room, small office, ladies/gents toilets/washrooms, 2 store rooms and staff toilet/washroom. At the rear is fully fitted kitchen, another staff toilet/washroom/changing room, washing up area, preparation section, large stock room and rear access leading to bin area, delivery entrance. The restaurant is in excellent condition and is suitable for any type of cuisine.