Multi award winning Indian Restaurant in Leicestershire For Sale

Detached property, excellent trading position, residential, office and commercial area, LEICESTERSHIRE

Turnover £ 20,000
Price £350,000

Features

Multi Award Winning Indian Restaurant (2am Licence)

6 DAYS OPENING
5 STAR HYGIENE RATING

DETACHED PREMISES in the region of 2,850 ft² with carpet, ceiling with hanging lights, Bar with 7 taps, cash register, CCTV system (16 cameras, 3 monitor), Tables and chairs providing seating for 110 People.

Kitchen, stainless steel extractor unit, Gas Tandoori oven, Coal Tandoori oven, 14 burner Gas Cooker, 4 fridges, 2 freezer, 5 stainless steel preparation table, 3 x double sink and drainer.

Stock room

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

First floor

Function room for 40 people.
Bar.
4 Stock rooms
Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the Husband & Wife team plus their son and 12 full time & 6 part time staff.

Trading Hours

6 Day week
TUESDAY - THURSDAY 5pm - 10.30pm
FRIDAY & SATURDAY 5pm - 11pm
SUNDAY 5pm - 10pm

Outside

Rear yard

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £48,000 p.a. for the first 4 years.

Business Rates from April 2023 £9,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1996, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote