Licenced Indian Restaurant in Kent For Sale

Detached property, excellent trading position, residential, office and commercial area, Kent.

Turnover £ 5,500
Price £90,000 / £610,000

Features

Licensed Indian Restaurant

4 STAR HYGIENE RATING

Detached property in the region of 1,260 ft² with carpeted (heavy duty) floor, spotlights. Bar cash register, Tables and chairs providing seating for 70 People, CCTV system (4 cameras).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 8-burner), fridges, freezers, stainless steel preparation tables, microwave, hot plate, double sink and drainer.

Stock room.

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

Staff Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 - £6,000 p.w. with a Gross profit of 65% approx. (NO PORTALS & NO DELIVERIES)

Staff

The business is at present operated by the vendor's brother with 5 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 5.30pm - 11.30pm

Accommodation

THE (OPTIONAL) SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating. The accommodation comprises:

8 Bedrooms (6 double, 2 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Parking space for 20 car.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease with rent reviews every 5 years at a rent of £26,000 p.a. for the first 5 years. (to Include the Restaurant and Car Park)

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new at a rent of £34,000 p.a. for the first 5 years. (to Include the Restaurant and Car Park & ACCOMMODATION)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS (no accommoation) £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS (including accommodation) £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £610,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) £ 427,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote