Contemporary Indian Restaurant in St Neots For Sale

Situated in a small parade, excellent trading position, residential area, CAMBRIDGESHIRE ST NEOTS

Turnover £ 7,500
Price £140,000

Features

Licensed Contemporary Indian Restaurant & Takeaway

CAR PARK OPPOSITE WITH PARKING FOR 15 CARS

SINGLE FRONTED PREMISES. wood strip floor, suspended ceiling with spot lights. Air conditioning with hot air. Bar with waiting area providing seating for 12 persons. Tables and chairs providing seating for 90 persons. Under-counter upright glass fronted drinks display fridge, EPOS till, glass fronted upright double door drinks display fridge.

KITCHEN. Stainless steel extractor unit, Tandoori oven, 2 stainless steel preparation tables, 2 hot cupboards, 12-burner gas cooker , double door fridge, single fridge, 3 fridges.

Stockroom, modern adjustable shelving

Ladies', Gentlemen's & Disabled Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500/£8,000 p.w. with a gross profit of 65% approx. (40% restaurant, 10% collection, 50% deliveries)

Staff

The business is at present operated by the vendor with 7 full time staff plus the assistance of 1 part time staff & 4 part time drivers employed..

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 2.30pm & 5pm - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION FLAT with Gas Fired Central Heating, Double-glazed windows in good condition, conprises:

3 double bedrooms
Lounge
Room (could be a kitchen)
Bathroom with bath, w.c. and wash hand basin

Outside

Rear yard & parking space for 2 cars.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £24,000 p.a.

Business Rates from April 2021 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote