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Reference R8825

Indian Takeaway in Essex For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential & commercial area ESSEX

Turnover 2,750
Price 49,950

Features

Fully Equipped Indian Hot Food Takeaway & Delivery Including Uber Eats & Deliveroo Recently Introduced

We understand from the vendor the premises have A5 & A3 use. In our opinion there is space to develop a restraurant area if desired.

SINGLE FRONTED PREMISES. Customers' area with laminated strip floor, counter.

LEVEL KITCHEN with tiled floor & tiled walls The equipment includes stainless steel extractor, Tandoori oven, 8-burner gas cooker with 2 ovens, 2 large single door stainless steel fridges, 1 upright deep freezer, 2 upright deep freezers, double sink & drainer etc.

Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 2,750 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated mainly by staff. Staff employed 1 manager plus 3 full time & 2 part time staff. The vendor also provides some assistance.

Trading Hours

5 p.m. - 11 p.m. seven evenings per week

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy & provides a rental income of 925 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Service area at rear of parade with parking space for 2 cars

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of 18,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 5 years. (As will be appreciated with the current rental income from the flat of 11,100 p.a. the net rental payable at the present time is only 6,900 p.a. exclusive of rates).

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 49,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 24,975 (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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