Search more Indian Restaurants for sale in Hampshire
Reference R8122

Indian Restaurant in Hampshire For Sale

Indian Restaurant in Hampshire For Sale
Indian Restaurant in Hampshire For Sale Buy a Indian Restaurant in Hampshire For Sale

Register to see map and to make an appointment Excellent trading position, SURREY/HAMPSHIRE BORDERS

Turnover 5,500
Price 65,000

Features

Detached Licensed Restaurant

Front parking area for 4/5 cars

ATTRACTIVE DOUBLE FRONTED RESTAURANT carpeted, wall & ceiling lighting. Air conditioning/heating unit. Tables & chairs providing seating for 58 persons. BAR, 2 double door glass fronted fridges.

Storeroom with double door glass fronted counter fridge, upright wine fridge

LEVEL KITCHEN with tiled floor, part time walls plus stainless steel cladding to walls, stainless steel extractor, Tandoori oven, 6-burner gas cooker with oven, 1 stainless steel double door fridge.

Storeroom with 3 chest deep freezers

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,500 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase, especially with additional opening hours.

Staff

At present operated by the vendor with the assistance in the restaurant area of 1 waiter plus 4 part time staff at weekends. Kitchen area 1 head chef, 1 Tandoori chef, 1 kitchen porter. In addition 2 drivers employed for deliveries.

Trading Hours

Sunday - Thursday inclusive - 5 p.m. - 10 p.m.
Friday & Saturday - 5 p.m. - 11 p.m.
It will be appreciated upon inspection there is potential for lunch time opening, especially at weekends

Accommodation

The accommodation at present utilized by staff has ELECTRIC NIGHT STORAGE HEATING providing a rental income of 11,000 p.a. in respect of 2 of the bedrooms. The accommodation comprises:

3 Bedrooms (2 large doubles plus 1 large single)
Bathroom with bath, wash hand basin
Separate w.c.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of 25,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 3 years. (As will be appreciated with the current rental income from the accommodation of 11,000 p.a. the net rental payable at the present time is only 14,000 p.a. exclusive of rates).

Uniform Business Rates: 1,500 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE 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

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