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Reference R7879

Indian Restaurant in Wood Green For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, NORTH LONDON WOOD GREEN

Turnover 7,000
Price 106,000

Features

Licensed Restaurant

The Restaurant has been in the same hands for the past 11 years & is well established as Indian cuisine, which would obviously be continued & in our opinion there is potential for other types of cuisine if desired.

SPACIOUS SINGLE FRONTED RESTAURANT with woodstrip floor, ceiling with LED spotlighting. 2 air conditioning/heating units. BAR with hand pump. Tables & chairs providing seating for 50 persons.

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor, tiled walls, stainless steel cladding to cooking area, 2 extractor systems, 2 Tandoori ovens, 8-burner gas cooker, 1 double basket deep fryer, 2 domestic microwave ovens, 2 walk-in coldrooms, 3 deep freezers, 1 single door fridge etc.

Turnover

WE ARE INFORMED the turnover is in the region of 7,000 p.w. including takeaway, in our opinion there is terrific potential to introduce deliveries, if desired.

Staff

The restaurant is at present operated by 2 partners (1 who is a chef) with in the kitchen area 2 full time plus 1 part time chef. Restaurant area 2 waiters plus 1 part time waiter on Friday & Saturday.

Trading Hours

Monday - Saturday inclusive - evenings only - 6 p.m. - 11 p.m.
Sunday opening - 12 noon - 3 p.m. & 6 p.m. - 11 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 unexpired at a rental of 23,500 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter.

Uniform Business Rates: 9,500 p.a. approx.

WE UNDERSTAND THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 106,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 53,000 (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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