Attractive Indian Restaurant in Gloucestershire For Sale

Situated in a parade, busy road, GLOUCESTERSHIRE

Turnover £ 2,750
Price £650,000

Features

Attractive Freehold Licensed Restaurant

4 STAR HYGIENE RATING

SINGLE FRONTED RESTAURANT in the region of 1,215 ft² with laminated strip floor, spot lights, Air conditioning with hot air. Bar with EPOS till, under counter drinks display fridge (glass fronted upright double-door).

Tables and chairs providing seating for 54 People.

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 9-burner), preparation table, fridges, freezers, double sink and drainer, microwave.

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

Basement in the region of 370 ft², used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 - £3,000 p.w. with a Gross profit of 65% approx. (10% via portals)

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY 5.30pm - 11.30pm

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Bathroom with bath, w.c. and wash hand basin.

Outside

Parking space for 2 car.

Tenure

FREEHOLD.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1989, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £650,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 455,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote