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Reference R9886

Licensed Indian Restaurant in West Midlands For Sale

Licensed Indian Restaurant in West Midlands For Sale
Licensed Indian Restaurant in West Midlands For Sale Buy a Licensed Indian Restaurant in West Midlands For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, residential, office and commercial area, WEST MIDLANDS

Turnover £ 3,000
Price £69,500

Features

Licensed Indian Restaurant

SINGLE FRONTED PREMISES in the region of 1,250 ft² WITH ELECTRIC SHUTTERS. Woodstrip floor, ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 48 persons. BAR with taps, ice machine, EPOS till, CCTV system (4 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, Tandoori oven, 2-pan deep fryer, grill, 12-burner gas cooker, preparation table, pickup table, open cool display unit, plate warmer, commercial microwave oven, double sink and drainer, etc.

Store area with fridge & freezer.

Ladies' & Gentlemen's toilet with w.c. and wash hand basin

Stairs to first floor used for storage

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 65% approx. (50% Deliveries)

Staff

The business is at present operated by the vendor with 3 full time staff & 1 driver

Trading Hours

7 Day week
MONDAY - FRIDAY 3pm - 10.30pm
SATURDAY & SUNDAY 12 noon - 10.30pm

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 10 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £11,700 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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