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WE ARE INFORMED the turnover averages in the region of £4,500/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a spacious Licensed Restaurant at present Indian and Greek cuisine. The Restaurant could obviously continue as present and in our opinion, in view of the excellent trading position, there is potential for other types of cuisine if desired.
Attractive front patio area to spacious single fronted Restaurant with ceramic tiled floor. Bar with brick front and wooden servery, mirror-backed shelving, ceiling lighting. Artificial beams to walls. Tables and chairs providing seating for 80 persons (can be increased to accommodate 100 persons, if desired).
Large catering kitchen with quarry tiled floor, stainless steel extractor unit, large 3-door upright stainless steel fridge, 3-door stainless steel counter fridge, 6-burner gas cooker with double oven, tandoori oven, chest deep freeze, upright deep freeze, walk-in coldroom, stainless steel tables, double sink and drainer etc.
Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with w.c. urinal and wash hand basin
Staff
The business is at present staff run. Staff employed 1 full time plus 1 part time weekends in respect of the restaurant area plus in the kitchen area 2 full time chefs plus 1 kitchen porter.
Opening
Hours
12 noon - 3 p.m. & 5 p.m. - 11 p.m. seven days per week
Accommodation
The spacious living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
5 Rooms each with en suite shower, w.c and wash hand basin
Shared kitchen
The rooms are at present let on shorthold tenancies and provide a rental income of £80 p.w. each i.e. rental income at present £20,800 p.a.
Tenure
We understand the entire premises are held on a secure renewable lease having approx. 14½ years unexpired at a rental of £27,000 p.a. exclusive of rates for the next 4½ years, with rent review at that time and thereafter every 5 years. (As will be appreciated with the current rental income in respect of the accommodation of £20,800 p.a. the net rental payable at the present time is only £6,200 p.a. exclusive of rates).
