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Reference : R7396

Situated in a parade, LINCOLN (Please register to make appointments and view addresses)

WE ARE INFORMED the turnover currently averages £4,000 p.w. and in our opinion this does not fully reflect the potential of this superb position. In our opinion, there is tremendous potential for other types of cuisine, if desired.

ALL OFFERS CONSIDERED TO INCLUDE THE VALUABLE LEASE, GOODWILL, FIXTURES & FITTINGS plus STOCK AT VALUATION, Subject to contract.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Front area with space for 6 tables and 24 chairs

Outstanding opportunity to acquire a spacious Licensed Restaurant, total area in the region of 5,000 sq. ft. including mezzanine floor, at present operated as contemporary Indian food. In view of the excellent trading position, in our opinion, there is potential for other types of cuisine, if desired, including Chinese cuisine.

Restaurant Licence with Supper Hours Certificate.

Spacious Restaurant with tinted glass, double door. Porcelain tiled floor. Fully air conditioned/heating.

Ground floor tables and chairs providing seating for 60 persons plus wide staircase to mezzanine floor with tables and chairs providing seating for 80 persons. It will be appreciated upon inspection that the seating capacity can be increased to accommodate 100 - 200 persons, if desired.

Attractive revolving waterfall from ground to mezzanine floor, excellent music system, 4 plasma screens.

Ground Floor - Spacious Bar with 4 hand pumps, 2 large upright glass fronted drinks fridges, 1 3-door glass fronted counter fridge, glass washer, sink, wash hand basin, fresh orange juice machine, automatic coffee machine, 1 computeried till, ordering station with 2 computerised tills with printers to kitchen and bar.

Front level kitchen, well equipped including stainless steel extractor unit, 5-burner Chinese cooker, charcoal grill, large kebab grill, wash basin, sink, stainless steel tables, 2 Williams stainless steel counter fridges, large Tandoori oven, hot cupboard.

Rear preparation kitchen with walk-in coldroom, large Rashonal electric cooker, stainless steel extractor unit, 1 8-burner gas cooker with oven, 2 additional gas cookers, 3 chest deep freezes, double sink and drainer, dishwasher plus sink plus additional sink, wash hand basin etc.

Fully tiled ladies' cloakroom with 3 w.c's, 3 wash hand basins, 2 hand dryers
Disabled cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. 3 urinals, 2 wash hand basins

Office

The business is at present operated mainly under management. Staff employed 1 full time manager, 3 full time staff plus 3 part time staff. Wages paid in the region of £1,000 p.w.

12 noon - 2.30 p.m. & 5.30 p.m. - 10.30 p.m. seven days per week

We understand the premises are held on a secure renewable lease having approx. 23 years unexpired at a rental of only £35,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter after every 5 years. We understand that there is a service charge at the present time of approx. £2,000 p.a.

Uniform Business Rates: £16,500 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

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