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Reference R6935

Indian Restaurant in Orpington For Sale

Indian Restaurant in Orpington For Sale
Buy a Indian Restaurant in Orpington For Sale

Register to see map and to make an appointment Situated in a parade, sought after residential area, KENT ORPINGTON

Price 175,000

Features

Well Equipped Spacious Licensed Restaurant

At present operated as Indian cuisine on a low key basis. In our opinion the restaurant offers terrific potential for development in the right hands.

The Restaurant has been in the same hands for the past 21 years and there are genuine reasons for sale

AMPLE CUSTOMERS CAR PARKING IN FRONT OF PARADE (restricted to 2 hours daytime)

SPACIOUS & IMPRESSIVE RESTAURANT carpeted with laminated woodstrip walkway, ceiling with spotlighting. 2 air conditioning/heating units. Tables & chairs providing seating for 60 persons (can be increased to accommodate approximately 80 persons, if desired). BAR with 1 double door counter fridge, sink.

LARGE LEVEL KITCHEN with quarry tiled floor, stainless steel cladding to walls, stainless steel extractor, Tandoori oven, 12-burner gas cooker with oven, hot cupboard, preparation table, double door stainless steel fridge, chest deep freezer, double sink & drainer, wash hand basin etc.

Turnover

AS STATED the restaurant is operated on a very low key basis & in our opinion offers tremendous potential for development in the right hands. At present Indian cuisine, however in our opinion there is also potential for other tyes of cuisine including possibly Chinese or Turkish Food.

Staff

At present a family operated business.

Trading Hours

At present limited hours of opening
Evenings - 6 p.m. - 10 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20/25 years full repairing and insuring lease at a rental of 35,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 4,500 p.a. approx.

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 21 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

ASKING PRICE FOR NEW LEASE, GOODWILL, FIXTURES & FITTINGS 175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 87,500 (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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