Well Fitted Indian Restaurant in Warlingham For Sale

Situated in a parade, overlooking Village Green, sought after residential area, SURREY WARLINGHAM

Price £105,000

Features

Licensed Indian Restaurant

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 885 ft². Carpet flooring, plaster board ceiling with spot lights. Tables and chairs seating 46 persons. BAR. Electric cash register, coffee machine, under-counter fridges for beers and wines, wash hand basin.

Gentlemen's cloakroom with toilet and sink.

Ladies' cloakroom with toilet, sink and mirror.

KITCHEN. Tiled flooring, tube lighting. Stainless steel extractor, Tandoori oven, 12 burner hob, oven, hot plate, microwave, 2 single door full height fridges, 2 chest freezers with stainless steel tops, double sink with drainer, stainless steel preparation table,

Storeroom

Turnover

WE UNDERSTAND the vendor enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by a husband & wife team with 4 full time plus the assistance of 3 part time staff. We are informed the wage bill averages £1,200 p.w. approx.

Trading Hours

7 Day week
MONDAY - Sunday 12 noon - 3 p.m & 5.30 p.m. - 11.00 p.m.

Accommodation

Entrance via door to the rear of the shop, having potential for a 1/2 bedroom flat, comprises:

3 rooms
Shower room with shower, sink and toilet

Outside

Garden with shed used for storage.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new SECURE RENEWABLE 25 year lease at a rent of £27,000 p.a. for the first 5 years with 5 yearly reviews.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR 38 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE OWNER RETIRING

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 52,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote