Indian restaurant with hmo property

Discover the opportunity to acquire a well-established Indian commercial restaurant, complete with a valuable HMO property, situated in the vibrant area of Lewisham, South London. This double-fronted, 40-seater restaurant, which has been thriving for 45 years, boasts a strong and consistent weekly turnover of over £5,500, operating six days a week in the evenings. With an open lease and eight years remaining, the property offers stability and ensures a continued successful trading environment.

The asking price for this remarkable business is £130,000, and the annual rent is set at £25,000, with zero rates and VAT further enhancing its appeal. The restaurant features a fully-equipped kitchen, a generous storeroom, and a spacious basement, providing ample operational workspace and storage. Beyond its culinary offerings, this property includes an HMO accommodation that enhances the investment potential.

Valuable HMO Property

Above the restaurant, a spacious five-bedroom flat generates an approximate rental income of £3,800 to £4,000 per month, translating to an annual revenue of roughly £48,000 to £50,000. Planning is already in place to create a sixth room, increasing the potential annual HMO income to up to £55,000. This feature significantly boosts the overall value of the investment and allows for diversified income streams.

The restaurant is celebrated for its exceptional quality of food and service, maintaining a loyal customer base built through decades of dedication. While the current owners, who are stepping back due to other business commitments, have successfully driven the restaurant's reputation, there is ample opportunity for future growth. Expanding the menu, utilising delivery platforms, and enhancing digital marketing strategies could further elevate trade, tapping into broader customer bases.

Attractive Features

This Indian restaurant guarantees an inviting dining atmosphere characterised by a modern and stylish interior. It is well-equipped for seamless operations, allowing for flexibility in opening hours to accommodate various customer needs. The establishment enjoys high foot traffic driven by its prime location, making it an ideal spot for both casual dining and private events, thereby enhancing the overall customer experience.

Additional noteworthy features include:

• Evening service hours
• Family-friendly dining atmosphere
• Immediate availability for business transfer
• Late trading licence in place
• Robust online presence and delivery agreements
• Solid trading history, reinforcing credibility
• Capacity for catering to diverse cuisines and large events
• Suitable for takeaways
• Highest standards of cleanliness and hygiene

Viewings are strictly by appointment only to ensure that inquiries are conducted by genuinely interested buyers. Full details will be provided upon inspection. This is a rare opportunity to secure a well-respected brand with exceptional potential for growth.