Licensed Indian Restaurant in Middlesex For Sale

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

Turnover £ 4,500
Price £85,000

Features

Licensed Indian Restaurant (slight Delivery)

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 975 ft². Wood strip floor, suspended ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 65 persons. BAR, optics, hand pumps, glass fronted wine cooler, cash register.

KITCHEN, stainless steel extractor unit, Tandoori oven, 6-burner gas cooker with oven, hotplate, 1 fridge, 3 deep freezer, commercial microwave oven, preparation table.

Walkin coldroom

Ladie's & Gentlemen's Toilet with w.c. and wash hand basin.

Separate staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a gross profit of 65% approx. (£650 on deliveries)

Staff

The business is at present operated by the vendor with 4 full time & 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY : 5.30pm - 11pm

Accommodation

THE ACCOMMODATION in the form of a FLAT with Gas Fired Central Heating, Double-glazed windows, comprises:

4 Bedrooms (2 doubles, 2 singles)
Lounge
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 from a private landlord, granted for 20 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £31,500 p.a.

Business Rates from April 2021 £6,000 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote