Licensed Indian Restaurant in Northampton For Sale

Situated in a parade, excellent trading position, residential and commercial area, NORTHAMPTONSHIRE NORTHAMPTON

Turnover £ 4,000
Price £65,000

Features

Licensed Indian Restaurant

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,184.ft² (110M²). Air conditioned. Carpet flooring, suspended ceiling with feature and wall lighting.
Tables and chairs seating 60 persons. Bar / waiting area seating 5 persons. Electric cash register, fridge for beers & soft drinks, wash hand basin

Ladies' and gentlemen's cloakroom with toilet and sink.

KITCHEN, Tiled flooring, tube lighting. Stainless steel canopy, Tandoori oven, 9 burner hob with oven, 2 hotplates, microwave, large upright freezer, chest freezer, chilled dessert cabinet, double sink and drainer, wash hand basin, stainless steel preparation table.

Staff toilet.

Storeroom with 3 freezers

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 4 full time plus 2 part time staff employed.
We are informed the wage bill averages £2,200 p.w. approx.

Trading Hours

6 Day week
MONDAY, WEDNDESDAY, THURSDAY - 5 p.m - 11 p.m
FIRDAY & SATURDAY - 5 p.m - 12 midnight
SUNDAY 12 noon - 2 p.m & 5 p.m - 11 p.m
closed Tuesday

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above, currently let at £1,000 per month, comprising:

3 Bedrooms (2 doubles, 1 single).
Fitted kitchen/ diner
Living room
Bathroom with bath, separate shower cubicle, sink and toilet

Outside

Small garden

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2009 with reviews every 5 years (next review 2024) at a current rent of £21,000 p.a. (As will be appreciated with the current rental income of £12,000 p.a. from the accommodation, the net rental payable at the present time is £9,000 p.a).

Business Rates from April 2022 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote