Old established well fitted LICENSED INDIAN RESTAURANT
No direct contact is to be made on the vendors instructions,
viewing is only via appointment only - Please register
for free to see full location details
WE ARE INFORMED the turnover averages £3,500 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 £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Established in 1982 as an Indian Restaurant, which could obviously be continued, and in our opinion in view of the excellent main road trading position there is potential for other types of cuisine, if desired.
ATTRACTIVE SINGLE FRONTED SPACIOUS RESTAURANT with wood strip floor. Tables and chairs providing seating for 60 persons. 3 Air Conditioning Units. Bar with 2 hand pumps.
Level kitchen fully equipped including Tandoori oven, 9-burner gas cooker, stainless steel table, double sink and drainer, wash hand basin.
Preparation area with walk-in coldroom
Fully tiled ladies' and gentlemen's cloakrooms
Staff
The Restaurant is at present operated by the vendor with the assistance of 5 full time and 2 part time staff.
Opening
Hours
Tuesday - Sunday inclusive - 12 noon - 2.30 p.m. & 6 p.m. - 12 midnight
CLOSED ALL DAY MONDAY
Accommodation
The SPACIOUS living accommodation at present let on a shorthold tenancy and providing a rental income of £850 per month, however, we understand vacant possession can be given on completion if required, comprises:
4 Bedrooms (1 treble, 2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Small Kitchen area
Outside
Garden at rear with lawn plus outbuilding for storage purposes.
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £24,500 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £2,750 p.a. approx. + water rates
