Mussoorie Indian Restaurant with Up to 1630 sq.ft in Tooting Bec, London for Sale
Tooting Bec, London
- Status
FOR SALE
- Advert ID
617019
- Leasehold: £110,000 (Stock at valuation)
- Rent: £27,000
- Turnover: £400,000 (£7,692 Per week)
- Net Profit: £61,000 (16% Profit margin)
Key Features
- High Turnover
- Price Reduced
- Accounts Available
Business Details
Indian restaurant in Tooting Bec
More information contact
0 The premises classified as 'Class E' is currently operating as 'Mussoorie', a neighbourhood restaurant and bar. Proudly brought to you by Residenza, this property is available for a premium purchase. There is also the opportunity for buyers to acquire an additional 832 sq.ft. of space, if desired.
Located at SW17 7RE, it is offered at an annual rent of £22,500. The property features a total size of 798 sq. ft. The lease on this property extends to 15 years from 2022, with rent reviews occurring every five years. The next review happens in 2027.
The premium for the property, which includes all fixtures and fittings, is set at £110,000. However, rates are to be confirmed with the local authority. The potential buyer is also responsible for their own legal costs and that of the freeholder. It is important to note that insurance particulars are yet to be confirmed.
'Mussoorie ' consists of a single fronted premises, a front bar, an open plan kitchen, and a customer cloakroom with a water closet. The property also includes a staff room and a private dining area, in addition to a courtyard. Informed by the current owner, the turnover of this business ranges from £12,000 to £15,000 per week.
For those interested in significantly increasing the operational space, there is also the option to take on a further 832 sq.ft., which would increase the total space to 1630 sq.ft. This would be available at an annual rate of £5,000,000 with a 5-year lease starting from 2022. It should be noted that the landlord can serve notice with 6 months' notice.
For further enquiries or to schedule a viewing, please contact us.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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