FANTASTIC INDIAN RESTAURANT WITH BASEMENT BAR/LOUNGE AND NIGHT CLUB OUTSTAN

Price:

Leasehold - £119,995

Seller Ref:

C291

Location:

London

Business Type:

Food Service Businesses

See Other:

Indian restaurants for sale in London
Restaurants for sale in London
Food service businesses for sale in London

Description:

THE BUSINESS:

BUSTLING INDIAN BUFFET STYLE RESTAURANT

SEPARATE GROUND LEVEL ACCESS TO BASEMENT LOUNGE BAR & NIGHT CLUB

LOCATED JUST OFF LEYTONSTONE HIGH STREET

IMPOSING DOUBLE FRONTED PREMISES

ONE MINUTE’S WALK LEYTONSTONE TUBE STATION

FANTASTIC OPPORTUNITY TO ACQUIRE A LONG ESTABLISHED BUSINESS

LIVE ENTERTAINMENT, BANDS, DJ’S, SALSA DANCING, PARTIES ETC.

UNBELIEVABLE RENT JUST £9,500 PA INC. RESTAURANT & BASEMENT LOUNGE

ESTABLISHED BUSINESS WITH FURTHER SCOPE TO GROW & INCREASE TRADE

SUIT OTHER CUISINES AND/OR ENTERTAINMENT

TENURE:
The premises is held on a secure Council lease with 8 years unexpired at a current rental of £9,500 pa. Rates are £5,500 pa.

TURNOVER:
We are advised by the Vendor both businesses collectively turnover some £3,000 per week with a gross profit margin of some 70%.