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Well Established Takeaway in London

City of London, London
Leasehold Price:
£70,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
241820
Reference
6766 / Rightbiz

Details

    Established Since 1990

    **Accounts Available Year End 31.03.2018**

    Annual Turnover £76,330 (Audited 31.03.2018)

    Gross Profit £54,723 (Audited 31.03.2018)

    Evening Trade Only

    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 business generates weekly takings of £3,000 with gross profit to be confirmed.

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.


Seller Details
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Listing Details
Leasehold Price: £70,000
Tenure: Leasehold
Sector: Sandwich Shops
Financials
Annual Turnover: £73,330
Location Statistics
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The data showed regarding this advert 'Well Established Takeaway in London - 6766 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.