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Reference R1129

Licensed Indian Restaurant in Berkshire For Sale

Licensed Indian Restaurant in Berkshire For Sale
Licensed Indian Restaurant in Berkshire For Sale Buy a Licensed Indian Restaurant in Berkshire For Sale Sell a Licensed Indian Restaurant in Berkshire For Sale Licensed Indian Restaurant in Berkshire For Sale for Sale Licensed Indian Restaurant in Berkshire For Sale for Sale Licensed Indian Restaurant in Berkshire For Sale for Sale

Register to see map and to make an appointment Semi-detached property, excellent High Street trading position, residential and commercial area, BERKSHIRE

Turnover £ 8,000
Price £125,000

Features

Licensed Indian Restaurant & Takeaway

SINGLE FRONTED PREMISES in the region of 1,400 ft². Air conditioning. Carpet and tiled floor, suspended ceiling with spotlights. Tables and chairs seatring 70 persons.

Customer waiting area.

BAR. Electric cash register, triple door under-counter fridges, wash hand basin. Coffee machine.

Ladies' and gentlemen's toilets, disabled toilet.

SEPARATE KITCHEN in the region of 452 ft². Stainless steel extractor, Tandoori oven, 2 microwaves, 3 hot plates, 2 ovens, 8-burner hob, double deep fryer, 2 chest deep freezers, ice cream freezer, 2 upright fridges, 2 stainless steel preparation tables, double sink and drainer, single sink, ice machine,

Storeroom used for vegatables

Fire exit.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx. Approx 30% of sales are takeaway collection only,. Not on uber eats etc.

Staff

The business is at present operated by the 2 partners with the assistance of 6 full time staff plus 2 part time staff. We are informed the wage bill averages £3,000 p.w. approx.

Trading Hours

7 Day week
MONDAY - FRIDAY - 12 noon - 2 p.m & 5.30 p.m - 11 p.m
SATURDAY & SUNDAY - 12 noon - 2 p.m & 5.00 p.m - 11 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to Flat above, staff occupied, comprises:

Fitted kitchen
5 Bedrooms (2 doubles, 3 singles)
Bathroom with bath, shower over bath, sink and toilet

Outside

Car park to rear. 12 vehicle capacity.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2012 with reviews every 5 years (next review 2027) at a current rent of £30,000 p.a.

Business Rates from April 2022 £6,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (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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