Indian Restaurant in Orpington For Sale

Situated in a parade, busy road, residential area KENT ORPINGTON

Turnover £ 3,000
Price £85,000

Features

Licensed Restaurant

Service road in front of parade (Pay & Display daytime)

The restaurant has been in the same hands for the past 22 years as Indian cuisine which can obviously be continued and in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS DOUBLE FRONTED RESTAURANT with laminated strip floor, ceiling with inset spotlighting. New air conditioning/heating recently installed. Tables & chairs providing seating for 52 persons. BAR/SERVERY area

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

KITCHEN AT REAR with quality tiled floor, tiled walls plus stainess steel cladding to cooking area, extractor system, 8-burner Chester gas cooker with oven, 2 stainless steel fridges, chest deep freezer, single sink & drainer.

Turnover

WE ARE INFORMED the turnover averages in the region of £3,000 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 (who is a chef) with the assistance of 1 Tandoori chef, 1 cook plus 1 kitchen porter. Restaurant area 3 full time waiters.

Trading Hours

7 evenings per week - 5.30 p.m. - 11 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING is at present let & provides a rental income of £750 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

4 Double Bedrooms (1 could readily be used as a lounge)
Bathroom with bath, w.c. & wash hand basin
Kitchen with fitted units

Outside

Store shed at rear plus yard

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £28,500 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 4 years. (With the present rental income of £9,000 from the maisonette over, the net rental payable at the present time is £19,500 p.a. excusive of rates).

Uniform Business Rates: £4,800 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 22 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 £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote