Fine Dining Indian Restaurant in Hertfordshire For Sale

Situated in a parade, High Street trading position, residential area, near Studios, HERTFORDSHIRE

Turnover £ 6,000
Price £94,500

Features

Established 2013 Fine Dining Indian Restaurant

5 STAR HYGIENE RATING

4.7 Google Rating / 4.8 Just Eat Rating / 1,700+ Facebook followers

Live music licence.

6 DAYS OPENING

60 seater dining arear

CONTEMPORY DOUBLE FRONTED PREMISES, in the region of 1,650 ft², Harwood flooring, suspended ceiling with LED lighting.

Baby grand piano

Tables and chairs seating 60 people (easily increased to 90 people.)

Bar - Stalls and comfortable seating 12, EPOS cash register, 2 under counter fridges, wash hand basin, mirror backed shelving, etc.

Ladies cloakroom with toilet with wash hand basin

Gentlemen's cloakroom with toilet with wash hand basin

Separate Kitchen - Stainless stee extractor, stainless steel cladding, 12 burner cooker, Tandoori oven, grill, hot plate, 2 commercial microwaves, 2 long fridges, 2 chest freezers, double sink and drainer, commercial grease trap, 3 stainless steel preparation tables, etc.

Preparation area - Storage, ice cream freezer.


Walkin cold room

2 open plan storeage sections.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 4 full time and 3 part time staff employed.

We are informed the wage bill averages £1,800 p.w. approx.

Trading Hours

6 Day week
WEDNESDAY, THURSDAY 5 p.m. to 11 p.m.
FRIDAY, SATURDAY 5 p.m - 11.30 p.m.
SUNDAY, MONDAY 5 pm - 11 pm
CLOSED TUESDAY

There is potential for longer opening hours.

Accommodation

Located on the First Floor with independent access comprises;

2 Double rooms used as staff rest area.
1 Single room utilised as a store room .

Shower room with shower toilet and sink.

Potential to make a self contained flat, subject to planning permission and landlord';s approval, and, once updated, could be let at approximately £1400 p.c.m.

Outside

Refuse store.

Parking to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2014 with reviews every 5 years (next review 2029) at a current rent of £34,000 p.a.

The Landlord requires a 6 month rent deposit.

Business Rates from April 2025 £10,029.90 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013 AND OFFERED FOR SALE DUE TO OTHER COMMITMENTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £94,500 inclusive of STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote