Search more Restaurants for sale in Reigate
Reference R7834

Indian Restaurant in Reigate For Sale

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

Register to see map and to make an appointment Situated in a parade, excellent trading position, SURREY REIGATE

Turnover 9,000
Price 175,000

Features

Attractive & Spacious Licensed Restaurant

Well established as Indian cuisine for the past 12 years & can obviously continue as Indian cuisine & in our opinion there is potential for other types of cuisine, if desired.

STREET PARKING - FREE IN THE EVENINGS & RESTRICTED TO 1 HOUR DURING THE DAYTIME

SPACIOUS RESTAURANT with woodstrip floor, ceiling with spotlighting plus hanging lighting. 2 air conditioning units. Tables & chairs plus upholstered benches seating providing seating for 50 persons (can be increased to accommodated 60 persons). BAR with double door glass fronted counter fridge, sink.

REAR WAITERS SECTION with 2 group coffee machine, coffee grinder

Small store area with fridge plus ice cream deep freezer

Disabled cloakroom with w.c. & wash hand basin

Stairs to FIRST FLOOR
3 Cloakrooms each with w.c. & wash hand basin

LARGE KITCHEN with dumb waiter to restaurant area. The kitchen has a non-slip floor & is well equipped including Tandooi oven, 11 burner gas cooker with 2 ovens, 1 commercial microwave oven, 1 stainless steel fridge, 1 additional fridge, 2 chest deep freezers, double sink & drainer, wash hand basin etc.

Turnover

WE ARE INFORMED the turnover averages 9,000 p.w. including takeaway. We understand from the vendor that deliveries were commenced in June, 2016 & in our opinion the business offers terrific potential for further development in the right hands.

Staff

The restaurant is at present operated by the vendor with the assistance in the kitchen aera 2 chefs, 1 cook plus 1 kitchen porter. Restaurant area 4 waiters plus 1 part time bar staff plus staff employed for deliveries.

Trading Hours

12 noon - 2.30 p.m. & 6 p.m. - 11.30 p.m. seven days per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTREAL HEATING, could be let on a shorthold tenancy if not required for personal use. The accommodation comprises:

3 Double Bedrooms
Shower room with shower
Separate w.c. & wash hand basin
Living room area

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a current rental of 36,000 p.a. exclusive of rates for the next 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 12,700 p.a. approx.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED & HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE 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

Search more Restaurants for sale in Reigate

Buy an Indian Restaurant in Reigate For Sale on NationwideBusinesses.co.uk