Search more Indian Restaurants for sale in Moreton-in-Marsh
Reference R8608

Indian Restaurant in Moreton-in-Marsh For Sale

Indian Restaurant in Moreton-in-Marsh For Sale
Buy a Indian Restaurant in Moreton-in-Marsh For Sale Sell a Indian Restaurant in Moreton-in-Marsh For Sale Indian Restaurant in Moreton-in-Marsh For Sale for Sale

Register to see map and to make an appointment Sitiuated in a terrace, sought after Country Town, centre of the COTSWOLDS. MORETON-IN-MARSH

Turnover 5,000
Price 59,000

Features

Attractive well Established Licensed Restaurant

Grade II Listed Building

Service road in front. NO PARKING PROBLEMS

The Licensed Restaurant has been in the same hands for the past 23 years & is well established as Indian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine including Chinese if desired.

ATTRACTIVE RESTAURANT with quality woodstrip floor, ceiling with spotlighting, chandelier plus wall lighting. Tables & chairs providing seating for 42 persons. 2 air conditioning/heating units. Attractive marble type bar, 2 hand pumps, glasswasher, mirror-backed shelving, upright glass fronted fridge etc.

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

LARGE LEVEL KITCHEN with quarry tiled floor, stainless steel cladding to walls, stainless steel extractor, 10-burner Chester cooker with 2 ovens, Tandoori oven, hotplates, double sink & drainer, 1 stainless steel single door fridge.

REAR STORE ROOM with 3 chest deep freezers, 1 fridge

Turnover

WE ARE INFORMED the turnover is in the region of 5,000/6,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of 3 chefs & 3 waiters.

Trading Hours

Lunchtime - 12 noon - 2 p.m. (mainly used for preparation)
Evening - 5.30 p.m. - 11.30 p.m.

Accommodation

The accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

First Floor
3 Double Bedrooms
Shower room with shower, w.c. & wash hand basin

Second Floor
Additional room (can readily be utilized as a living room)
Bathroom with bath, w.c. & wash hand basin

Outside

Garden at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of 18,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 7,000 p.a. approx. (could be reduced with small business relief)

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 23 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 59,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 29,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Indian Restaurants for sale in Moreton-in-Marsh

Buy an Indian Restaurant in Moreton-in-Marsh For Sale on NationwideBusinesses.co.uk