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WELL ESTABLISHED LICENSED RESTAURANT (LATE NIGHT ENTERTAINMENT LICENCE).

Nationwide Businesses Limited are Business Transfer Agents offering Business for sale across the UK. We currently offer catering, hotels, pubs, post office, newsagents, general stores, off licences and many other businesses for sale.  
Business Summary:
Reference : R9101
Categories : Fast Food Restaurants
Restaurants
Chinese Restaurants
Indian Restaurants
Thai Restaurants
Location : Hertfordshire
Turnover : £ 7,000 p.w.
Price : £ 249,500 (Leasehold)

No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Location

End of terrace property, excellent main road trading position, residential, office and commercial area, Herts. (Please register to make appointments and view addresses)

Features

Double fronted, impressive premises, Gas Fired Central Heating, carpet tiled floor.

Fully equipped including: , electronic cash register, etc.

THE KITCHEN AREA
Separate level kitchen stainless steel work surfaces, 6-burner gas cooker, commercial oven, 1 3 burner charcoal grill, 5 fridges, 4 freezers, stainless steel extractor canopy, 1 commercial microwave, 2 group coffee machine, commercial dishwasher, glass washer, double sink and drainer and separate wash hand basin, etc.

* Tables and chairs providing seating for 120 people

* Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin.

Turnover

WE ARE INFORMED the turnover averages £7,000 p.w. Gross profit 65 % approx.

Staff

The business is at present operated by the Husband & Wife team, with the assistance of 4 full time and an additional 6 part time staff employed.

Opening Hours

6 Day week (Tuesday - Sunday) 6 pm - 10 pm

Accommodation

THE SELF CONTAINED ACCOMMODATION enterence via door to the left of the shop to Flat with Gas Fired Central Heating, Single-glazed windows over 1 floor, comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

COUNCIL TAX £2,000 p.a. approx.

Outside

Rear garden with lawn
Parking space for 5 cars.

Tenure

We understand the premises are held on a secure renewable lease, having approx. 12 years unexpired at a rental of £25,000 p.a. exclusive of rates next rent review in 2 years then every 5 years

Uniform Business Rates: £8,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £249,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Reference : R9101

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