Well Fitted Indian Takeaway in Cambridgeshire For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, CAMBS

Turnover £ 3,000
Price £58,000

Features

Well Fitted Indian Takeaway

FORECOURT WITH PARKING FOR 2 CARS

DOUBLE FRONTED PREMISES in the region of 750 ft. Laminated strip floor, suspended ceiling with spotlights. Sales counter, EPOS till.

KITCHEN. Stainless steel extractor unit, Tandoori oven, 3 stainless steel large preparation tables, hotplate, large fridge, small fridge, large freezer, fridge/freezer, stainless steel shelving, gas cooker.

Staff toilet with w.c. and wash hand basin

Additional toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 - £3,500 p.w. with a gross profit of 62% approx. (90% DELIVERIES)

Staff

The business is at present operated by the vendor with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 5pm - 10pm

Outside

Large rear garden with shed that can be used for storage.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2014 with reviews every 5 years (next review 2024) at a current rent of £17,177 p.a. including water. We understand the landlord is prepared to grant a new 15 years lease with 5 yearly reviews at a rent of £20,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND NOW OFFERED FOR SALE SOLELY DUE TO THE OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £58,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote