Restaurants for sale in London

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 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £65,000 Price Reduced Annual Turnover: £200,000
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Business Description
ORE are delighted to offer this established takeaway and catering business within the London. This 10 year established business is located on the prominent Barking Road location with easy access to major trunk roads such as A13 and A406. The business is currently being run as an Indo-Pak takeaway restaurant with recognised catering clientele and ORE have been advised that the current takings are around £200,000pa.

Tenure
Leasehold

Property
The building itself is spread over the ground floor with the front retail with ample display units which leads on to seating area.

The kitchen and preparatory area consists of 4 canopy’s, countertop display units, display freezer & fridges, dough mixer, chip fryers, tandoor oven, four burner kebab grill, microwaves, Bains Marie, atmospheric steamer, gas chargrill, and burners.

There is a 25 seating capacity with further room for development to the rear with appropriate planning and permissions.

Location & Surroundings
The surrounding areas are built up with dense residential property which results in a high demand for local trade. The restaurant is located opposite the anchor tenant Natwest Bank and other local businesses include hair salons, estate agents, grocers, and local pubs.

Business Description & Takings
This well established business has expanded beyond its Indo-Pak takeaway in to catering and deliver services. Regular deliveries have been made to clientele based in Canary Wharf, hospital, local surgeries and other surrounding businesses.

PDQ terminal is setup and the business is well marketed on appropriate eatery websites. ORE have been advised that the takings are currently around £200,000pa.

Opening Times and Staffing
The takeaway currently runs from 12:00 to 23:00 Monday to Sunday. Additionally, the business benefits from late night licence which allows the trading times to increase to 04:00.

Currently there are 4 members of staff associated with the business including chef, ancillary and delivery personnel.

Lease Terms
The business benefits from a lease with 9 years remaining with 3 yearly rent review. The current rent is £18,000pa with rates being £4,600pa. It is encouraged that independent enquiries are made to verify these figures.

Premium
The owner is asking £99,900 for the goodwill and benefit of the current lease.

Legal Costs
Ingoing tenant to pay reasonable Landlords’ legal costs.

Viewings Arrangements
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
Trading Hours:


The takeaway currently runs from 12:00 to 23:00 Monday to Sunday. Additionally, the business benefits from late night licence which allows the trading times to increase to 04:00.


Number of Employees: 4

Tenure: Leasehold

Location Details:

The surrounding areas are built up with dense residential property which results in a high demand for local trade. The restaurant is located opposite the anchor tenant Natwest Bank and other local businesses include hair salons, estate agents, grocers, and local pubs.

Leasehold Term:

The business benefits from a lease with 9 years remaining with 3 yearly rent review. The current rent is £18,000pa with rates being £4,600pa. It is encouraged that independent enquiries are made to verify these figures.

Website:

Downloadable Documents

Listed by: Oakville Real Estates
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