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Reference R9102

Indian Restaurant in Somerset For Sale

Register to see map and to make an appointment Situated in a parade, close to town centre, SOMERSET

Turnover 10,000
Price 180,000

Features

Well Established Licensed Indian Restaurant

ATTRACTIVE DOUBLE FRONTED RESTAURANT carpeted plus part laminated strip floor, ceiling lighting. 2 air conditioning/heating units. Tables & chairs providing seating for 70 persons. BAR with 1 hand pump, double door glass fronted counter fridge, automatic coffee machine, ice machine etc.

Ladies'/disabled cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with urinal, w.c. & wash hand basin

LEVEL KITCHEN with quarry tiled non-slip floor, stainless steel cladding to walls, stainless steel extractor. The equipment includes Tandoori oven, 12-burner gas cooker with oven, 2 stainless steel fridges, 1 additional white fridge, 1 upright deep freezer, 2 chest deep freezers, double sink & drainer etc.

Turnover

WE ARE INFORMED the turnover averages 10,000/12,000 p.w. including takeaway. No deliveries are undertaken & in our opinion there is potential to introduce deliveries, if desired.

Staff

The restaurant is at present operated by the vendor plus staff employed. Kitchen area 3 chefs, 2 cooks 1 kitchen porter. Restaurant area 3 waiters, 1 waitress, 2 part time waitresses plus 2 part time waiters.

Trading Hours

12 noon - 2 p.m. & 5 p.m. - 11.30 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, with ELECTRIC HEATING, comprises:

3 Bedrooms (2 large doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
In addition there is an area which has potential for a small kitchen to be installed, if desired.

First floor terrace

Tenure

The vendor owns the freehold and subject to satisfactory references, is prepared to grant a new 15/20 years full repairing and insuring lease at a rental of 32,000 p.a exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 180,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 90,000 (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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