Impressive Indian Restaurant in Hampshire For Sale

Situated in a small parade, busy road, residential and commercial area, HAMPSHIRE

Turnover £ 6,000
Price £120,000

Features

Impressive Licensed Indian Restaurant

5 STAR HYGIENE RATING
FRONT PATIO in the region of 680 ft² WITH SEATING FOR 30 PEOPLE

DOUBLE FRONTED PREMISES in the region of 1,500 ft² with laminated strip floor, wall and hanging lighting. Bar, EPOS till, 3 taps, glass fronted drinks display fridge. Tables and chairs providing seating for 50 People, CCTV system (4 cameras, 1 monitor).

Kitchen with stainless steel wall, stainless steel extractor unit, Gas 7-burner Cooker, Tandoori oven, combi oven, deep fryer, deep fryer (2 pan), large stainless steel fridge, glass fronted fridge, deep freeze, dishwasher, 2 desert fridges, preparation tables, microwave, etc.

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

Stock room.

Basement in the region of 200 ft², used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx. (20% DELIVERIES)

Staff

The business is at present operated by the vendor with 3 full time & 5 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 5.30pm - 11pm

Outside

Parking space for 5 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £25,000 p.a.

Business Rates from April 2025 £2,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE MAY 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote