Indian Restaurant in Harrow For Sale

Situated in a parade, main road trading position, MIDDLESEX HARROW

Turnover £ 12,000
Price £240,000

Features

Licensed Indian Restaurant

We understand the restaurant was refurbished in July, 2017

At present Indian cuisine which could obviously be continued & in our opinion there is potential for other types of cusine, if desired.

SPACIOUS SINGLE FRONTED RESTARANT with woodstrip floor, ceiling lighting, 2 air conditioning/heating units. Tables & chairs providing seating for 50 persons. LARGE BAR, 1 hand pump, 3 door glass fronted counter fridge, sink, glass washer.

Fully tiled ladies'/disabled cloakroom with w.c. & wash hand basin
Fully tiled gentlemen's cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with non-slip floor, stainless steel extractor, stainless steel cladding to walls, double sink & drainer, 2 Tandoori ovens, 9-burner gas cooker, 2 deep fryers, 2 double door stainless steel fridges etc.

Storeroom

Turnover

WE ARE INFORMED the turnover averages £12,000 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

At present operated by the vendor with the assistance of 2 chefs plus 2 kitchen porters. Restaurant area 2 waiters plus 1 waitress. In addition there is a driver plus 1 additional driver at weekends to undertake the deliveries.

Trading Hours

Monday, Wednesday & Thursday inclusive - 5 p.m. - 11 p.m.
Friday, Saturday & Sunday - 11 a.m. - 3 p.m. & 5 p.m. - 11 p.m.
CLOSED TUESDAYS

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £17,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £240,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 120,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote