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Indian Restaurant in Watford For Sale

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

Register to see map and to make an appointment Sought after residential area HERTFORDSHIRE WATFORD

Turnover 5,000
Price 70,000

Features

Attractive Village Licensed Restaurant - A4 & A3 Useage

Previously operated as a Public House. Established as Indian cuisine in 2015, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

Front area with space for tables & chairs

LARGE CAR PARK FOR APPROXIMATELY 20 CARS AT REAR OF RESTAURANT

SPACIOUS RESTAURANT with quality woodstrip floor, wall & ceiling lighting. 2 Air conditioning/heating units. Tables & chairs providing seating for 50/60 persons. BAR with 1 hand pump, 2 glass fronted double door counter fridges, ice machine, sink & drainer.

REAR KITCHEN with tiled floor, stainless steel cladding to walls, 12-burner gas cooker with double ovens, double sink & drainer, 2 hot cabinets for plates, Tandoori oven, stainless steel tables, 2 stainless steel fridges, 1 chest deep freezer.

Rear storeroom with fridge/freezer, 2 chest deep freezers

Ladies' cloakroom with 2 w.c's & wash basin
Gentlemen's cloakroom with 1 w.c. & 2 wash basins

To the rear of the restaurant is an area with tables & bench seating

Turnover

WE ARE INFORMED the turnover averages 5,000/5,500 p.w. including takeway, in our opinion there is terrific potential to introduce deliveries, if desired.

Staff

At present operated under management. Staff employed 1 manager plus 5 full time staff.

Trading Hours

5.30 p.m. - 11 p.m. seven days per week

Accommodation

The accommodation situated on the first floor comprises:

4 Bedrooms (3 doubles plus 1 single bedroom adjoining 1 of the double bedrooms)
Bathroom with bath, wash hand basin
Separate w.c.
Living room with kitchen area

Tenure

We understand the premises are held on a secure renewable lease for a period of 20 years from December, 2015 at a rental of 33,000 p.a. exclusive of rates up to December, 2020 with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (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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