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Reference R9584

Licensed Indian Restaurant in Kent For Sale

Licensed Indian Restaurant in Kent For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, residential and commercial area, KENT.

Turnover 6,000
Price 120,000 / 650,000

Features

Spacious Licensed Indian Restaurant

PREMISES 1,937.5ft (180M) (Including Basement)

LARGE DOUBLE FRONTED PREMISES. Tables & chairs providing seating for 70 persons, Air conditioning with hot air, suspended ceiling with concealed lighting, carpet tiled and laminated strip floor.

KITCHEN with Tandoori oven, stainless steel extractor unit, 2 new fridges, additional fridge, sink, 12-burner cooker, 2 x hot cupboards, 3 chest freezers.

Additional Kitchen for washing up.

Stock room / Store room.

2 x Basements, used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages 6,000 / 7,000 p.w. with a gross profit of 65% approx. Split of turnover pre corona 50% restaurant 50% takeaway. We are further advised pre corona the turnover was in the region of 8,000/9,000 p.w.

Staff

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

Trading Hours

7 Day week
Sunday- Thursday inclusive - 12 p.m - 2.30 p.m & 5 p.m - 11 p.m
Friday & Saturday - 12 p.m. - 2.30 & & 5 p.m. - 12 midnight

Accommodation

FLAT 1 (USED BY STAFF):

THE ACCOMMODATION entrance via the shop. Electric Heaters, double-glazed windows over 2 floors:

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

Flat 2 (FREEHOLD OPTION ONLY):

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop with Gas Fired Central Heating, Double-glazed windows in good condition over 2 floors, at present let on a shorthold tenancy providing a rental income of 900 per month: THE ACCOMMODATION comprises:

3 Bedrooms (2 doubles, 1 single)
Kitchen
Lounge
Bathroom with bath, w.c. & wash hand basin

Outside

Large rear yard.

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant in respect of the restaurant with 1 flat, a new 20 years full repairing and insuring lease at a rent of 25,000 p.a. with rent reviews every 5 years.

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

OWNED SINCE 1993 RETIREMENT SALE

Price

TO INCLUDE THE NEW LEASE TOGETHER WITH 1 FLAT, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, 2 FLATS, GOODWILL, FIXTURES & FITTINGS 650,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 60,000 (lease) 455,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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