Licenced Indian Restaurant in Essex For Sale

Situated in a parade, main road trading position, close to Tube Station and Bus Stops, ESSEX

Turnover £ 4,000
Price £140,000

Features

Old Established Licenced Indian Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 700 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, spot lights, Air conditioning with hot air. Bar, cash till, Tables and chairs providing seating for 48 People, CCTV system (8 cameras).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 8-burner), preparation table, hot plate, double sink and drainer, fridge, freezer., microwave, etc

Stock room with fridge, freezer & deep freeze.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx. (25% VIA PORTALS)

Staff

The business is at present operated by the vendor with 2 full time & 2 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 5pm - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,500 per month . The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 14 years in 2021 with reviews every 4 years (next review 2029) at a current rent of £18,000 p.a. + VAT

Business Rates from April 2025 £250 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote