Licensed Indian Restaurant in Kent For Sale

Situated in a parade, main road trading position, residential area, KENT.

Turnover £ 5,000
Price £105,000

Features

Licensed Indian Restaurant & Takeaway

TOTAL SEATING FOR 70 PEOPLE
5 STAR HYGIENE RATING

DOUBLE FRONTED RESTAURANT in the region of 875 ft² with laminated strip floor, spot lights, Air conditioning with hot air. Bar with 1 draft, EPOS till, under counter drinks display fridge (glass fronted upright double-door), Tables and chairs providing seating for 48 People, additional rear room for 22 people, CCTV system (4 cameras).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 12-burner), freezers, fridges, preparation table, 2 x microwave.

Walkin coldroom.

Dry Store room

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (30% VIA PORTALS)

Staff

The business is at present operated by the vendor with 5 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 5pm - 11pm
SUNDAY 5pm - 10pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, at present let on a shorthold tenancy providing a rental income of £2,500 per month . The accommodation comprises:

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

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2021 with reviews every 4 years (next review 2029) at a current rent of £20,000 p.a. + VAT

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 52,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote