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Reference R6401

Indian Restaurant in Broadstairs For Sale


Register to see map and to make an appointment Situated end of small parade, just off the High Street, sought after KENT BROADSTAIRS

Turnover 2,500
Price 88,000

Features

Attractive Restaurant

The restaurant has been in the same hands for the past 15 years & is trading as Indian cuisine. In our opinion there is terrific potential to introduce a licence for the sale of wines, beers & spirits, if desired.

ATTRACTIVE SINGLE FRONTED RESTAURANT with woodstrip floor, wall lighting, 2 ceiling fans. Tables & chairs providing seating for 40 persons.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

KITCHEN with 8-burner Chester cooker, Tandoori oven, 2 microwave ovens, 2 upright stainless steel fridges, 1 upright deep freezer, double sink & drainer, wash hand basin

Storeroom with 3 chest deep freezers

Turnover

WE ARE INFORMED the turnover is currently in the region of 2,500 p.w. takeaway only, due to Covid-19.

Staff

The restaurant is at present operated by the vendor (who is a chef) with the assistance of his wife (who is also a chef) on a part time basis. Staff employed 2 part time chefs plus 1 part time kitchen porter plus family help when required.

Trading Hours

Wednesday, Thursday, Friday & Saturday - evening only 5.30 p.m. - 9 p.m. (last orders)
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for lunch time opening & indeed Sunday opening, if desired

Accommodation

The SPACIOUS living accommodation PARTLY DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Bedrooms (3 doubles, 1 single)
Fully tiled bathroom with bath, w.c. & wash hand basin
Large Lounge
Fitted Kitchen

At present the accommodation is let on a room-by-room basis and we understand provides a rental income of 20,000 p.a.

Outside

Paved garden area
Store shed with deep freezers

Tenure

We understand the premises are held on a secure renewable lease for a period of 20 years from March, 2017 at a rental of 13,000 p.a. exclusive of rates up to March, 2020 increasing to 16,000 up to March, 2026 with rent to be agreed thereafter. (As will be appreciated with the current rental income from the accommodation currently at 5,200 p.a. the net rental payable at the present time is only 10,800 p.a).

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS 88,000 plus STOCK AT VALUATION.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 44,000 (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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