Leasehold Indian restaurant with 2-bed flat above in South Croydon London available for sale
South Croydon, London
- Status
FOR SALE
- Advert ID
656048
- Reference
C1252 / Rightbiz
- Call Agent:
- Leasehold: £49,950
- Turnover: £208,000 (£4,000 per week)
- Profit: Not Applicable
Business Details
LEASEHOLD LIC. INDIAN RESTAURANT SELF CONTAINED 2 BED FLAT ABOVE
ADVERT TEXTLEASEHOLD LIC. INDIAN RESTAURANT
SELF CONTAINED 2 BED FLAT ABOVE
LOCATION
These parade premises front a busy main arterial road leading in to the centre of Croydon serving the huge surrounding densely populated residential area. There are two main line rail stations and a large private school and close by.
BUSINESS
This is a well established concern which has a cosy and comfortable atmosphere serving a range of traditional Indian dishes along with some amazing specials which have helped it establish it's good reputation and many food awards. In the same families hands since 2010 and is only now for sale due to ill health. Although presented as an Indian the premises would be suitable for a wide range of alternative styles if desired.
TURNOVER
We are informed that the business currently enjoys a turnover averaging £4,000 pwk @ 65% GP
STAFF
Family operated.
HOURS
5:30pm - 10:45pm Weds - Mon Closed Tues
PREMISES
Parade shop unit with attractive double frontage and single entrance to Restaurant area: Attractively decorated and fitted with 40 covers. Servery counter to rear fitted with Music system. Epos till. st/stl hand basin, shelving, Separate Ladies & Gents WC facilities each with hand wash basin. Door from restaurant to Kitchen: Fully tiled and fitted with large 9 ring range with st/stl extractor unit above. Tandoori oven, st/stl work tops, 2 microwave ovens, electrocutor, dble st/stl sink. fryer. Store Room: 2 chest freezers, 2 upright st/stl fridge, 2 upright freezers, glass fronted drinks chiller. Door to rear yard with Bin store area. Pedestrian access.
LIVING ACCOMMODATION
Self contained 2 bed flat above comprising lounge, kitchen, double bedroom, single bedroom and bathroom/wc. Currently sublet at £800 pcm.
TENURE
New 5 year lease to be granted to the ingoing tenant within the Act. Rent £21,000 per annum. (6 month rent deposit required Guarantor)
EPC RATING
Band E
BUSINESS RATES
Nil Payable
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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.
Stay Safe
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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