Busy Bangladeshi Restaurant in London

Winchmore Hill, London
REF: R07389

Asking Price:
£150,000
Annual Turnover:
£363,000
Annual Net Profit:
TBC
REF: R07389

Overview

Tenure:
Leasehold
Established:
1994
  • Longstanding staff
  • Takeaway and app
  • Rental income from above flat
  • Alcohol licence
  • Busy, affluent area

This is a brilliant opportunity for an interested buyer to acquiring a thriving Bangladeshi restaurant in a thriving area of London.

Since 1994, the business has been serving delicious and authentic Asian Bangladeshi cuisine to its large and loyal customers. With its own takeaway app, customers can either choose to dine in or easily order food for delivery.

Serving freshly made dishes belonging to traditional Moghul cuisine alongside a range of alcoholic beverages, the business has gained a large customer base comprising those local to the area.

Now up for sale due to the current owner seeking retirement, the owner would benefit from the restaurant’s excellent location, rental income and brilliant reputation to keep the business trading for years to come.

The restaurant operates from sizeable premises, with customers entering from street level into the organised, tastefully decorated internal seating area providing space for up to 60 covers. There is also a well-stocked bar area to the side and a small corridor which leads to a fully-equipped kitchen. The building has a separate entrance for the flat above which is currently being sublet for £1,050 per month.

All equipment, furniture and furnishings are included in the sale, such as freezers, fridges tandoori ovens, stoves and much more.

As the Winner of the British Curry Awards, the business has an excellent reputation both in the area and online, with excellent reviews on TripAdvisor.

Please click the link to view a virtual tour https://kuula.co/share/collection/7Y8PH?fs=1&vr=1&sd=1&initload=0&thumbs=1&info=0&logo=0

The business would be perfect for an experienced Asian cuisine restaurant operator looking to expand, or someone with experience in the restaurant sector.

As the business is currently operating the takeaway side through its own app, there is vast potential to expand through working with Just Eat, Deliveroo and Uber Eats which would grow the business massively. Further advertising locally and perhaps through social media would be a great way to gain new customers.

The existing owner is willing to stay on for a transitional period to provide a smooth handover to the new proprietor.

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  • Affluent area
  • Close to complementary businesses
  • Heavy footfall
  • Good transport links
  • Parking nearby
Rent
£30,000
Rates
£1,500
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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