Licensed Indian Restaurant in Middlesex For Sale

Situated in a parade, excellent trading position, residential office and commercial area, MIDDLESEX

Turnover £ 7,000
Price £120,000

Features

Licensed Indian Restaurant

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 880 ft² with laminated strip floor, spot lights, Air conditioning with hot air. Bar with 1 tap, drinks display fridges (glass fronted). Tables and chairs providing seating for 52 People, CCTV system (8 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 10-burner), 2 x microwave, deep fryer (2 pan), 5 hot plates, fridge, freezer, preparation table, double sink and drainer.

Walkin coldroom.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx. (£2,000 via portals)

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 2pm then 5pm - 11pm

Outside

Parking to the rear plus Shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £23,500 p.a.

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 VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

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