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Indian Restaurant in Abbots Langley For Sale

Indian Restaurant in Abbots Langley For Sale
Buy a Indian Restaurant in Abbots Langley For Sale Sell a Indian Restaurant in Abbots Langley For Sale Indian Restaurant in Abbots Langley For Sale for Sale Indian Restaurant in Abbots Langley For Sale for Sale Indian Restaurant in Abbots Langley For Sale for Sale Indian Restaurant in Abbots Langley For Sale for Sale Indian Restaurant in Abbots Langley For Sale for Sale

Register to see map and to make an appointment Sought after & wealthy residential HERTFORDSHIRE VILLAGE not far from the M25 HERTFORDSHIRE ABBOTS LANGLEY

Turnover 4,500
Price 90,000

Features

Spacious well Equipped Licensed Restaurant Plus Delivery & Takeaway

The Restaurant has been in the same hands for the past 29 years & there are genuine reasons for sale.

Well established as Indian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT with Amtico floor. Full Gas Fired Central Heating. 2 air conditioning/heating units. Tables & chairs providing seating for 90 persons. BAR with 2 hand pumps, double door glass fronted counter fridge, wine cooler, sink,

Ladies cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with urinal, w.c. & wash hand basin

KITCHEN with stainless steel extractor, 2 8-burner gas cookers with ovens, 1 electric double cabinet, 2 large fridges, Tandoori oven, 1 double sink & drianer, 1 single sink etc.

Storeroom with 1 fridge, 1 deep freezer, walk-in coldroom

Turnover

WE ARE INFORMED the turnover averages 4,500 p.w. (at present mainly takeaway & delivery), in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present operated by the vendor with in the kitchen area 3 chefs. Restaurant area 3 staff plus 3 drivers are employed for delivery.

Trading Hours

Monday - Saturday 6 p.m. - 9 p.m.
Sunday opening - 12 noon - 4 p.m. & 6 p.m - 11 p.m.

Accommodation

Stairs to first floor:

Large room plus 2 additional rooms
Shower room with shower, w.c. & wash hand basin

The first floor is currently partly used for storage purposes, however in our opinion could well be converted into living accommodation, if desired.

Outside

Yard at rear with car parking space for 1 car

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 21 years full repairing and insuring lease at a rental of 36,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 7,446 p.a.

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 29 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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