Licensed Indian Restaurant in Maldon For Sale

Shopping centre, ESSEX MALDON

Turnover £ 6,500
Price £60,000

Features

Well Established Licensed Restaurant

Operating as Indian cuisine since we understand since 1988. The business has been in the same hands for approximately 28 years.

Large Car Park for approximately 100 cars for customers to the shopping centre.

ATTRACTIVE SINGLE FRONTED RESTAURANT carpeted, ceiling lighting. Air conditioning. New bar. Tables & chairs providing seating for 65 persons.

FULLY EQUIPPED KITCHEN, extractor. The equipment includes 9-burner cooker, 2 ovens, hot cabinet, Tandoori oven, fridges, freezer, double sink & drainer

Disabled cloakroom with w.c. & wash hand basin
Ladies' & Gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £6,500/£7,000 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

The restaurant is at present operated by 2 partners with the assistance of 5 full time & 4 part time staff.

Trading Hours

Seven evenings per week
Monday - Thursday inclusive - 5 p.m. - 10 p.m.
Friday & Saturday - 5 p.m. - 11 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 20 years from 2016 with reviews every 5 years, at a rental of £16,000 p.a. exclusive of rates. We understand there is a service charge for the shopping centre.

Uniform Business Rates: Nil payable at present

RECOMMENDED FOR EARLY INSECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote