Indian Takeaway Delivery South London With Further Potential For Sale London, United Kingdom Advert ref: TA523CG Business description
VIRTUALLY UNOPPOSED in DENSELY POPULATED AREA SOUTH LONDON
HIGH FOOTFALL NEAR TO RAILWAY STATION
POTENTIAL FOR OTHER TYPES OF CUISINE
Location
Situated within a densely populated area of South London in a small parade near the entrance to a railway station. The business is virtually unopposed and has vast potential for expansion. Restricted parking is available outside and in the numerous residential roads nearby. There is a parking space to the rear of the shop and after 6pm parking outside the shop is unrestricted.
NOTE
In our opinion this business will benefit significantly from the plan to extend the East London Line to West Croydon via Norwood Junction. The project (which should be finished by February 2011 in time for the 2012 Summer Olympics in London) would connect Norwood Junction with Dalston Junction and Highbury & Islington in North London for interchange with First Capital Connect and the Victoria Line. Also as part of the Thameslink upgrade there are plans to introduce direct trains to Brighton, Peterborough Cambridge and Bedford.
DESCRIPTION
This business is a typical Indian takeaway offering a full menu for takeaway and delivery. Free delivery is offered on purchases exceeding £10 and a 10% discount is offered for collections. The business has a good reputation and has won accolades for the quality of its food.
PROPERTY
The business occupies lock up leasehold premises of around 15.9 sq metres and has a dry basement office/storage area with staff WC of around 8.2 sq metres (areas taken from the Valuation Office website). The glazed entrance door leads to the customer area with servery and fully computerised till. The kitchen is small but well laid out and is capable of handling significantly increased output. The business has quality floor tiling throughout with painted walls and is clean and well maintained.
EQUIPMENT
The equipment includes an 8 burner double oven Chester gas range, Tandoor oven, Stainless Steel double sink, Chest freezer, Stainless Steel double upright refrigerator and a Stainless Steel extractor unit. A full inventory of equipment will be made after receipt of an acceptable offer to purchase.
THE BUSINESS
We are informed that the business is currently taking in the region of £1,100/£1,200 per week. Full accounting information will be made available to serious potential purchasers after a formal viewing of the business. In our view there is massive scope for expansion in this densely populated area and the upgrading of the railway line will encourage even more footfall.
TENURE
We are informed that the business is held on a ten year lease with three years expired. The current rent is £8,000 per annum.
RATES
The current owner pays around £350 per year Business rates (after Small Business Rate Relief). Potential purchasers should make enquiries of the local authority as regards their own liability.
REASON FOR SALE
This business is only for sale due to the ill health of the owner
STAFF
The business is currently staff run.
LEGAL FEES
Vendors and purchasers to meet their own contractual costs.
The purchaser is to meet the landlord’s costs relating to the lease.
Property: Leasehold
Lease terms
We are informed that the business is held on a ten year lease with three years expired. The current rent is £8,000 per annum.
Location
Situated within a densely populated area of South London in a small parade near the entrance to a railway station. The business is virtually unopposed and has vast potential for expansion. Restricted parking is available outside and in the numerous residential roads nearby. There is a parking space to the rear of the shop and after 6pm parking outside the shop is unrestricted.
NOTE
In our opinion this business will benefit significantly from the plan to extend the East London Line to West Croydon via Norwood Junction. The project (which should be finished by February 2011 in time for the 2012 Summer Olympics in London) would connect Norwood Junction with Dalston Junction and Highbury & Islington in North London for interchange with First Capital Connect and the Victoria Line. Also as part of the Thameslink upgrade there are plans to introduce direct trains to Brighton, Peterborough Cambridge and Bedford.
Related documents
|
|  | |  |
| | Financial details Asking price: £23,995
Sales revenue: £60,000
Net profit: 0 - £100k
Furniture / Fixtures value: £10,000
Inventory / Stock value: Undisclosed |
| | | |
|
