Licensed Indian Restaurant in Oxfordshire For Sale

Excellent main road trading position, OXFORDSHIRE.

Price £59,500

Features

Licensed Indian Restaurant & Takeaway

PREMISES in the region of 750 ft² with laminated strip floor, ceiling with hanging lights. Bar with 2 pumps, cash register, drinks display fridge (glass fronted upright double-door), Tables and chairs providing seating for 40 People.

Kitchen, stainless steel extractor unit, Tandoori oven, Gas 9-burner Cooker, microwave, fridge, freezer, 2x deep freeze, drinks display fridge (glass fronted upright), double sink and drainer, sink.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (20% deliveries)

Staff

The business is at present operated by the vendor with 3 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 5.30pm - 10pm

Outside

Rear yard for bins

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 10 years full repairing and insuring lease with rent reviews every 5 years at a rent of £20,000 p.a. for the first 5 years.

Business Rates from April 2023 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote