Indian and Sri Lankan Restaurant in Nottinghamshire For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, NOTTINGHAMSHIRE

Turnover £ 13,500
Price £160,000

Features

First Floor Licensed Indian & Sri Lankan Restaurant & Takeaway

6 DAYS OPENING
SPONSORSHIP LICENCE
5 STAR HYGIENE RATING

STAIRS TO FIRST FLOOR in the region of 2,100 ft² with laminated strip floor, spot lights, Air conditioning with hot air. Bar with 2 TAPS, drinks display fridges (glass fronted). Tables and chairs providing seating for 70 People, CCTV system (8 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Tandoori oven, Dosa Plate, Cooker (Gas 7 burner), 2 x Deep fryer, Larger cooker, 4 x fridges, 4 x freezers, dishwasher, washing machine, 4 x microwave.

Walkin coldroom.

2 x Stock room.

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

Small Store room.

Small Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 - £15,000 p.w. with a Gross profit of 65% approx. (£4,000 via Portals)

Staff

The business is at present operated by a Manager with 4 full time & 2 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 3pm then 5.30pm - 10pm
SUNDAY 12 noon - 3pm then 5.30pm - 9pm

Outside

Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 6 years in 2025 with reviews every 3 years (next review 2028) at a current rent of £22,000 p.a. + VAT In addition we understand there is a Service charge of £2,000 p.a. approx.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2025 £4,990 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote