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Well Established Takeaway In London For Sale

London, London
Asking Price:
£54,950
Turnover:
£76,000
Net Profit:
Available on request

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

REF 6766 – Leasehold Indian Takeaway

Blacks 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.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Open 5pm -10pm - Days

Contact Information

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