Licensed Indian Restaurant in Hertfordshire For Sale

Terrace property, excellent trading position, residential, office and commercial area, Hertfordshire.

Turnover £ 5,500
Price £149,950

Features

Licensed Indian Restaurant


5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 750 ft², CCTV (3 cameras), Hardwood flooring, plasterboard ceiling with LED lighting.

Tables and chairs seating 54 people.

Bar with 2 beer pumps, under counter fridge. Card machine and cash drawer.

Separate Kitchen - Stainless steel extractor, 16 burner cooker, tandoori oven, plate warmer, 2 microwaves, deep fat fryer, chest freezer, fridge, stainless steel preparation table, double sink with drainer, etc.

Gentleman's toilet with sink and wash hand basin.
Ladies' toilet with sink and wash hand basin.

Stairs to the first floor, in the region of 475 ft².

3 Rooms used for storage.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w.- £6,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 6 full time and 2 part time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 6 p.m. - 11.30 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 18 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £32,000 p.a. (incl. VAT)

Business Rates from April 2026 £7,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2002 AND OFFERED FOR SALE DUE TO OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote