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Reference R7888

Indian Restaurant in Surrey For Sale

Indian Restaurant in Surrey For Sale

Register to see map and to make an appointment Situated end of parade, residential area, not far from SUTTON, SURREY

Turnover £ 7,000
Price £80,000

Features

Spacious Licensed Restaurant

The restaurant has been in the same hands since 1994. Well established as Indian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine including a steak house, Italian, Mexican, if desired.

Front area with space for tables & chairs for 20 persons

SPACIOUS RESTAURANT part of which can be open front (weather permitting). The restaurant has a quality tiled floor, ceiling with inset spotlighting (on dimmers), 1 air conditioning/heating unit. Tables & chairs providing seating for 74 persons. BAR with 1 hand pump, upright glass fronted drinks display fridge, 1 additional glass fronted small fridge, sink

LEVEL KITCHEN with quarry tiled floor, 8-burner Chester cooker with 2 ovens, 1 charcoal Tandoori oven, 1 stainless steel table, stainless steel shelving, 2 microwave ovens, 2 stainless steel fridges, double sink & drainer, wash hand basin.

Storeroom with ice cream deep freezer, fridge

Ladies' cloakroom with 2 w.c's, 4 wash hand basins

Stairs to large basement

Gentlemen's cloakroom with urinal, 2 w.c's, wash hand basin
Room with shower unit

Turnover

WE ARE INFORMED the turnover averages £7,000 p.w. including takeaway & delivery which we understand accounts for approximately 30% of the weekly turnover.

Staff

The restaurant is at present operated by the vendor. Staff employed kitchen area 3 chefs plus 1 kitchen porter. Restaurant area 3 full time waiters. In addition there is 1 driver employed for deliveries with additional 2 drivers employed on Friday & Saturday for deliveries.

Trading Hours

CLOSED ALL DAY MONDAY
Tuesday - Thursday inclusive - 12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 2.30 p.m. & 5.30 p.m. - 11.30 p.m.
Sunday opening - 12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £38,000 p.a. exclusive of rates with rent review after the first 4 years and thereafter every 4 years. (The vendor is also prepared to consider, subject to satisfactory references, granting a shorter lease, if desired).

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS SINCE 1994 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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