Restaurant/cafe for sale in Grove Lane, London SE5

£44,950
Restaurant/cafe for sale
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Property description

Ref 6013 – Leasehold Thai & Indian Takeaway
Blacks Brokers are proud to bring to the market this leasehold Thai and Indian takeaway located in the Denmark Hill area of London.


Introduction


Denmark Hill Tandoori has been trading on Grove Lane since 1984 with our client in ownership since 1999. The takeaway offers a wide selection of Thai and Indian food choices including sea food and curries and has gained a large and loyal customer base along with a superb reputation.


Location


Located in Grove Lane in Camberwell close to Denmark Hill rail station, Kings College Hospital, Maudsley Hospital and William Booth College. The business is close to a busy residential area as well as many other local businesses and shops. There is free parking directly outside the premises.


Reason for sale


Denmark Hill Tandoori is only being offered for sale due to our client’s other business commitments and interests.


Lease


The building is available on a competitive rent on a Internal Repair Only lease (iro lease). The current lease is 16 years and began in 2016 at a cost of £9,000 per annum


Building layout and design


The business is housed within a single storey, single fronted at the end of a parade of shops and other businesses. The shop is branded well with colourful signage on display and a glazed frontage with metal shutters in place. Inside, the servery area is well presented with customer service counter and small waiting area. The kitchen and food preparation area is positioned to the rear of the space along with store room and staff toilet. These areas are well equipped and well presented, the business has been awarded a 5* hygiene rating. All fixtures, fittings and equipment are of good quality.


Staff


Denmark Hill Tandoori is currently operating with six members of staff in employment.


Financial details


Financial details are available upon a viewing of the business and Denmark Hill Tandoori has traded solidly over its trading history. The business generates a Projected Annual Turnover (2019/20) £84,500Projected Gross Profit (2019/20) £55,450.


Summary


This is an excellent opportunity to purchase a very well established Indian & Thai takeaway in an affluent area of South East London well linked with rail stations, hospitals and a college. Very well presented and awarded a 5 Star Hygiene Rating.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. Business: £44,950.

Please quote ref: 6013

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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