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Reference R8820

Indian Restaurant in Sutton For Sale

Register to see map and to make an appointment Situated in a parade, main road trading positiion, SURREY SUTTON

Turnover 4,500
Price 78,000

Features

Licensed Restaurant

Established for 20/25 years as Indian cuisine, which could obviously be continued & in our opinion there is potential for alternative cuisines, if desired.

ATTRACTIVE DOUBLE FRONTED RESTAURANT with laminated strip floor, ceiling lighting. Tables & chairs providing seating for 68 persons. BAR with 1 hand pump, 1 double door plus 1 single door glass fronted counter fridges.

Ladies' cloakroom with w.c. & wash hand basin
Gentlemens cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor & tiled walls plus stainless steel cladding to walls (cooking area), stainless steel extractor, Tandoori oven, 2 stainless steel single door fridges, double sink & drainer etc.

Storeroom with 3 chest deep freezers

Turnover

WE ARE INFORMED the turnover averages 4,500/5,000 p.w. including delivery & takeaway.

Staff

The restaurant is at present operated by the vendor with in the kitchen area 2 chefs, 1 Tandoori chef, 1 kitchen porter. Restaurant area 3 waiters plus 1 part time waiting. In addition 2 drivers are employed for deliveries.

Trading Hours

Sunday & Thursday - 5.30 p.m. - 11 p.m.
Friday & Saturday - 5.30 p.m. - 11.30 p.m.

Accommodation

The accommodation comprises 2 SELF CONTAINED FLATS, 1 of which is currently let on a shorthold tenancy & provides a rental income of 1,050 per month, however we understand vacant possession can be given if required. Each FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Bedrooms (2 doubles, 1 single)
Bathroom with w.c. & wash hand basin
Lounge
Kitchen

The second flat is currently utilized by staff

Outside

Garden at rear

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of 35,500 p.a. exclusive of rates fo rthe next 4 years with rent review at that time and thereafter every 5 years. (As will be appreciated with the current rental income from 1 of the flats of 12,600 p.a. the net rental payable at the present time is 22,900 p.a. exclusive of rates).

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 78,000
plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 39,000 (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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