Licensed Indian Restaurant in Newcastle Upon Tyne For Sale

Detached property, busy road, residential area, TYNE & WEAR NEWCASTLE UPON TYNE

Turnover £ 3,000
Price £39,000

Features

Licensed Sri Lankan & South Indian Restaurant

CUSTOMERS' PARKING FOR 25 CARS TO SIDE OF RESTAURANT FROM 5 P.M.

6 DAYS OPENING

DOUBLE FRONTED PREMISES. Wooden floor, suspended ceiling with spot & wall lights. Tables and chairs seating 70 (could be increased to 100). Bar, Epos till, double door fridge for beers, wines and soft drinks, glass and cutlery washer, single sink, additional storage

Ladies' cloakroom with 2 toilets, sink and mirror

Genlemen'ss cloakroom with 2 toilets, sink and mirror

Door to KITCHEN. Tiled floor, tube lighting. Stainless steel extractor. 11 burner gas hob with oven, electric double deck pizza oven , grill, warm cupboard, 2 chest freezers, ice cream freezer, 2 double door fridges, preparation fridge, dough mixer, dishwasher, double sink and drainer

Walk-in cold room

Store rooms

Stairs to basement used for storage

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 65% approx. (50% deliveries)

Staff

The business is at present operated by the vendor with 1 full time staff with the assistance of 1 part time staff plus drivers

Trading Hours

6 Day week
TUESDAY - SUNDAY - 4 p.m - 10 p.m
CLOSED MONDAY

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the right of the shop to FLAT above, comprising:

4 bedrooms (2 doubles 2 singles)
Fitted kitchen
Living room
Box room
Bathroom - bath with shower above, toilet and sink

Outside

Parking for 3 cars.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, FIXED RENT currently £15,000 p.a. We understand the landlord will require a 6 months rent deposit and a guarantor. The landlord is prepared to grant, to an approved applicant, a new 20 year lease with rent reviews every 5 years at an initial rental of £15,000 pa. A shorter lease is available if required.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £39,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 19,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote