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Well Established Takeaway in London

City of London, London
Leasehold Price:
£54,950
Status
FOR SALE
Advert ID
241820
Reference
6766 / Rightbiz
    Business Established Since 1990

    **Recent Accounts Available Year End 2019**

    Projected Annual Turnover (2019/20) £76,000

    Projected Gross Profit (2019/20) £56,000

    Accounts Available Upon Viewing

    Low Rent for this Area

    Evening Trade Only

    Opportunity to Extend Hours and Add Deliveries

    Ill Health Forces Sale

    EPC - D

Description:
REF 6766 – Leasehold Indian Takeaway
Blacks Business Brokers are proud to bring to the market this leasehold Indian takeaway located in the much sought-after and densely populated area of Pollards Hill, London.

INTRODUCTION
Roehampton Tandoori Grill has been trading on Roehampton High Street since 1990 with our client in ownership since opening. This long standing and well-known takeaway has gained a large and loyal customer base and a reputation second to none in this area. The takeaway offers a range of top quality Indian foods at competitive prices.

LOCATION
Located on a quirky old high street of Roehamptom near Putney Village, this area of South West London is well linked by the A23 and A306 with excellent public transport links and parking is available in the immediate area. Popular with commuters and city workers, the area brings much local trade in addition to plenty of passers-by and visitors.

REASON FOR SALE
Roehampton Tandoori Grill is only being offered for sale due to our client’s ill health.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 20 years with rent reviews every 4. The current lease began in 2012 at a cost of £12,000 per annum which is very good for this area.

BUILDING LAYOUT AND DESIGN
Roehampton Tandoori Grill is housed within the ground and lower-ground floor of a spacious, mid-terraced retail unit within a parade of complementary shops and businesses. The shop has clear signage displayed above a mainly glazed shop frontage. Inside, the main waiting area is well-presented and welcoming, with seating area, servery counter and menu board displayed above. To the rear of the counter is a food preparation area and fully-equipped kitchen.The lower-ground floor houses a large store room and staff toilet. All areas are presented well with good quality fixtures and fittings in place.

STAFF
Roehampton Tandoori Grill is currently operating with four, part-time members of staff in employment.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and Roehampton Tandoori Grill has traded solidly over its trading history. The accounts year end March 2019 show an annaul turnover of £75,341 and gross profits of £55,040. Full financial information is available after viewing.

SUMMARY
This is a long established Indian Takeaway that is located in the quirky Old High Street of Roehampton near Putney Village. The business has a large, established base of customers, however, there is much scope to develop the business further with a strong marketing campaign in the area, which has not been done for a number of years, in addition to lunchtime opening. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations.
Early viewings are strongly advised.

Opening Hours:
Open 5pm -10pm - Days


Listing Details
Leasehold Price: £54,950
Tenure: Leasehold
Location: City of London, London
Sector: Sandwich Shops
Financials
Annual Turnover: £76,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6766 / Rightbiz
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