Indian Restaurant and Confectioners in Northwood For Sale

Situated in a parade, excellent main road trading position, residential area with schools nearby and close to Underground Station, NORTHWOOD, MIDDLESEX

Turnover £ 6,000
Price £169,500

Features

Licensed Indian Restaurant & Indian Conectionary Business

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 1,050 ft², WITH ELECTRIC SHUTTERS, CCTV (7 cameras), Tiled floor, suspended ceiling witrh LED light panels.

Tables and chairs providing seating for 35 People.

Sales counter - EPOS cash register. Two display chillers, scales.

Rear Kitchen - Tiled flooring, LED tube lights. Stainless steel extractor, 4 burner cooker, twin basket deep fat fryer, hot plate, tandoor, microwave, steamer, chest freezer, tripple door under counter fridge with stainless steel top, 2 counter top fridges, double sink and drainer, stainless steel table, etc.

Walkin chiller.

Ladies cloakroom with toilet and wash hand basin.

Gentlemans cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 80% approx.

Staff

The business is at present operated by the vendor part time with 2 full time chefs, and 1 front of house.

Trading Hours

7 Day week
MONDAY 10am - 7.30pm
TUESDAY- SUNDAY 10am - 9.30pm

Outside

Communal parking to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) 15 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £21,000 p.a.

Business Rates from April 2024 £2,500 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, GOODWILL, FIXTURES & FITTINGS £169,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 84,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote