FinanceYou can borrow
£ 22,500 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Excellent trading position, next door to a Nightclub, LINCOLNSHIRE
Features
Outstanding opportunity to acquire a well fitted Licensed Restaurant, at present Indian cuisine, which could obviously be continued, and in our opinion in view of the excellent trading position, there is potential for other types of cuisine including fast food restaurant as the business is situated next door to a Nightclub. The business also benefits from being in a tourist area.
Full Gas Fired Central Heating
GROUND FLOOR RESTAURANT newly fitted approx. 18 months ago, woodstrip floor, wall and ceiling lighting. Air Conditioning. New tables and leather chairs providing seating for 36 persons. Fully fitted bar with hand pump, glasswasher plus sink.
Level kitchen fully equipped including non-slip floor, stainless steel extractor unit, stainless steel cladding to walls, Tandoori oven, 1 hotplate, 12-burner gas cooker, upright single door stainless steel fridge, double sink and drainer, microwave oven.
Storeroom with 1 deep freeze, 1 fridge, shelving etc.
Stairs to basement with ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
In addition there is a cellar storage area
Turnover
WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering further potential to increase in the right hands.
Staff
The restaurant is at present operated by the vendor with the assistance of 3 full time in respect of the restaurant area plus 3 full time in respect of the kitchen area.
Opening Hours
12 noon - 2 p.m. & 6 p.m. - 12 midnight seven days per week
Accommodation
The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
First Floor
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Kitchen
Second Floor
1 Additional Double Bedroom
Family Bathroom with bath, w.c. and wash hand basin
Third Floor
1 Double Bedroom
1 Single Bedroom
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £16,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £3,500 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
No sale No fee