Restaurant to rent

Presenting a rare opportunity to acquire a renowned South Indian restaurant franchise (Veg Chennai Srilalitha).

This prestigious restaurant is offered as a franchise sale, offering a chance to step into a thriving business with a sterling reputation.

Boasting a newly fitted kitchen, updated equipment, and recent refurbishments including a new gas pipeline and side canopy, this turnkey operation is primed for continued success. The property impressively encompasses a 4-bedroom flat above the restaurant, providing an additional revenue stream with a rental income of £30,000 per annum.

Discerning buyers will have the unique opportunity to secure not only the lease on this esteemed property but also the established business and lucrative franchise rights in one comprehensive package. Do not miss this chance to own a piece of Ealing Road's culinary legacy.

A premium of £500,000 is required to include goodwill, refurbishment cost, kitchen equipment, rental deposit paid to Freeholder of £40,000, quarterly rent in advance of £20,000 paid to Freeholder plus Franchise Fees of £15,000.

Rent payable is £81,000 per annum payable quarterly in advance. Lease term of 10 years commencing July 2023 with 5 year rent review.

A franchise fee of 5% plus VAT of monthly sales is payable to the franchisee.