Desirable Licensed Indian Restaurant in Woking For Sale

Situated in a parade, prime location, residential, office and commercial area SURREY. WOKING

Turnover £ 7,000
Price £79,000

Features

Desirable Licensed Indian Restaurant

FORECOURT WITH PARKING FOR 4 CARS

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,275 ft² with woodstrip floor, suspended ceiling with spotlights, Air conditioning with hot air. Bar. EPOS till. Tables and chairs providing seating for 70 persons.

OPEN PLAN KITCHEN. Stainless steel extractor unit, Tandoori oven, 3 fridges, freezer, commercial microwave, griddle, stainless steel preparation table, tripple sink and drainer, shelving.

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

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 65% approx. (50% DELIVERIES)

Staff

The business is at present operated by the vendor with 3 front of house, 4 chefs plus 3 drivers

Trading Hours

7 Day week
MONDAY - SUNDAY 5pm - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, used by staff, comprises:

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

ADDITIONAL SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,200 per month. The accommodation comprises:

Large double bedroom
Large Lounge
Bathroom with bath, w.c. and wash hand basin
Kitchen

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 2019 with reviews every 5 years (next review 2024) at a current rent of £37,000 p.a. (As will be appreciated with the current rent of £14,400 p.a. from the accommodation, the net rent payable at the present time is only £22,600 p.a).

Business Rates from April 2022 £5,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote