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Reference R8422

Indian & Chicken Shop in Dagenham For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential & commercial area, ESSEX DAGENHAM

Turnover 3,000
Price 57,500 / 520,000

Features

Grilled Chicken Plus Indian Hot Food Takeaway & Delivery Plus Small Seating Area

DOUBLE FRONTED PREMISES with tiled floor. Tables & chairs providing seating for 20 Persons. Cool display counter, stainless steel extractor, gas griddle, double deep fryer, illuminated menu board.

LEVEL KITCHEN at rear used for the preparation of Indian food. The equipment includes stainless steel extractor, Tandoori oven, 8-burner gas cooker with oven, 2 fridges, 2 deep freezers, double sink & drainer.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 3,000/3,200 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

At present staff operated. Staff employed 4 full time plus 1 part time staff.
It will be appreciated upon inspection that if the business was operated by an active husband & wife team, the wage bill could be reduced.

Trading Hours

12 noon - 11 p.m. seven days per week

Outside

Small yard at rear

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years lease (or shorter lease if desired) at a rental of 15,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

We understand the vendors are also prepared to consider the sale of the freehold property which would include the maisonette over with full gas fired central heating, comprising:

4 Double Bedrooms
Bathroom with bath, wash hand basin
Separate w.c.
Lounge
Kitchen

Also included in the freehold is a large Industrial Catering Unit which we understand can be let to provide a rental income, if desired.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 57,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 520,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 28,750 (lease) 364,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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