Indian Restaurant in Southampton For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, HAMPSHIRE. SOUTHAMPTON

Turnover £ 5,000
Price £57,000

Features

Indian Restaurant & Takeaway

FREE PARKING TO FRONT FOR 8 CARS

DOUBLE FRONTED PREMISES in the region of 670 ft². Air conditioning with hot air. Heavy duty carpeted floor. Suspended ceiling with spotlights. Tables and chairs providing seating for 32 persons.

BAR with laminated strip floor. 2 EPOS tills, 2 drinks display fridges, ice machine.

KITCHEN. Stainless steel extractor unit, Tandoori oven, 2 fridges (new 2021), 2 freezers, 2 microwaves, 7-burner gas cooker, hot cupboard, preparation table.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Staff toilet with w.c. and wash hand basin

External stockrooms

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 65% approx. (50% DELIVERIES)

Staff

The business is at present operated by the vendor with 3 kitchen staff, 1
part time staff & 1 part time driver.

Trading Hours

7 Day week
MONDAY - SUNDAY 5 p.m - 10 p.m

Outside

Large rear garden

Tenure

THE VENDOR that the premises are held on a SECURE RENEWABLE lease from private landlord, granted for 15 years in 2019 with reviews every 3 years (next review 2025) at a current rent of £15,600 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £57,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 28,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote