Indian Restaurant with Bar in Stoke-on-Trent For Sale

Sought after position, STAFFORDSHIRE STOKE-ON-TRENT

Turnover £ 6,000
Price £95,000 / £435,000

Features

Spacious Detached Licensed Restaurant

Tarmaced car park for approximately 20 cars

SPACIOUS RESTAURANT with full gas fired central heating, wall & ceiling lighting. The restaurant is partly tiled, part woodstrip floor & partly carpeted. Tables & chairs providing seating for 80 persons. 2 double glass fronted counter fridges, ice machine, wash hand basin.

Fully tiled ladies' cloakroom with 2 w.c's, wash hand basin
Fully tiled gentlemen's cloakroom with w.c. urinal, wash hand basin
Fully tiled disabled cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with non-slip floor, stainless steel extractor, stainless steel cladding to walls, Tandoori oven, 12-burner gas cooker with 2 ovens, double deep fryer, 2 commercial microwave ovens, walk-in coldroom, 2 2-door stainless steel counter fridges, double sink & drainer etc.

Turnover

WE ARE INFORMED the turnover averages £6,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present operated by the vendor with the assistance of 7 full time & 5 part time staff.

Trading Hours

Sunday - Thursday inclusive - 5 p.m. - 11 p.m.
Friday & Saturday - 5 p.m. - 12 midnight

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 5-15 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £5,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £435,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) £ 304,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote