No parking problems. On street parking - free evenings. Weekdays plus Saturday restricted to 1 hour.
Impressive Restaurant trading as Indian cuisine for the past 9 years, which could obviously be continued and in opinion in view of the excellent catchment area, there is potential for other types of cuisine, if desired.
Entrance to SPACIOUS RESTAURANT. Full Air Conditioning. Bar area with ceramic tiled floor. Bar, wash hand basin, 1 hand pump, optics, 1 sliding double door counter fridge, ice machine. Spacious Restaurant with quality tables and chairs providing seating for 64 persons (can be increased to 70 persons, if desired).
Rear servery area plus additional bar with 2 group coffee machine.
Fully tiled ladies'/disabled cloakroom with w.c. 3 wash hand basins
Fully tiled gentlemen's cloakroom with w.c. and wash hand basin
Large level kitchen with tiled floor, fully equipped including stainless steel extractor unit, Tandoori oven, 9-burner gas cooker with double oven, stainless steel tables, stainless steel fridge, ice cream deep freeze, walk-in coldroom, double sink and drainer etc.
Turnover
WE ARE INFORMED the turnover averages £10,000 p.w. (including some takeaway, however, no deliveries are undertaken) in our opinion the business offers tremendous potential for further development in the right hands. Gross profit 65% approx. We are further advised that the accounts year ending 30th June, 2007 showed £357,706 with a gross profit of £237,105.
Staff
The restaurant is at present operated by 2 partners with the assistance of 3 full time chefs plus 2 full time and 1 part time kitchen staff, whilst in the restaurant area there are 5 full time plus 1 part time staff.
Opening
Hours
12 noon - 2.30 p.m. & 6 p.m. - 11 p.m. seven days per week.
Accommodation
The SPACIOUS SELF CONTAINED accommodation with FULL GAS FIRED CENTRAL HEATING comprises:
4 Bedrooms (3 doubles, 1 single)
Bathoom with bath, w.c. and wash hand basin
Kitchen with fitted units (part used for stock at present)
Outside
To the rear of the property is an enclosed yard with store shed having 2 chest deep freezes plus 1 upright deep freeze.
Tenure
Uniform Business Rates: £8,600 p.a. approx.
THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £825,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Reference
R8693
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
