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Indian Restaurant in Northamptonshire For Sale

Indian Restaurant in Northamptonshire For Sale
Indian Restaurant in Northamptonshire For Sale Buy a Indian Restaurant in Northamptonshire For Sale Sell a Indian Restaurant in Northamptonshire For Sale Indian Restaurant in Northamptonshire For Sale for Sale

Register to see map and to make an appointment Excellent main road trading position, NORTHAMPTON

Turnover 4,000
Price 67,500

Features

Spacious Licensed Restaurant

Established as Indian cuisine for approximately 30 years, the present cuisine could obviously be continued & in our opinion there is potential for other types of cuisine, if desired including Turkish. We are advised there are no restrictions on the opening hours.

Shared forecourt to -

SPACIOUS LICENSED RESTAURANT. 3 air conditioning units. Wall & ceiling lighting. The restaurant has tables & chairs for 42 persons. Bar area with 3 upholstered settees for 10 persons. Bar with 1 hand pump.

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

LEVEL KITCHEN with quarry tiled floor, tiled walls, stainless steel extractor system, 10-burner Chester double oven, large Tandoori oven, 3 fridges, 4 deep freezers, small counter fridge, double sink & drainer.

Turnover

WE ARE INFORMED the turnover averages 4,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase in the right hands.

Staff

The restaurant is at present operated by the vendor with the assistance of 3 waiters plus in the kitchen area 2 chefs, 1 cook plus 1 kitchen porter.

Trading Hours

Evenings only -
Sunday - Thursday inclusive - 5 p.m. - 11 p.m.
Friday & Saturday - 5 p.m. - 11.30 p.m.

Outside

Rear yard area with 4 lock-up garages used for storage purposes at present

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 10 years unexpired from November, 2018 at a rental of 19,500 p.a. exclusive of rates up to November, 2018. We understand the rent is currently under negotiation and we are further advised that the rent reviews are every 5 years.

THE RESTAURANT HAS BEEN IN THE SAME HANDS SINCE 1995 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 67,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 33,750 (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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