Licensed Restaurant & Takeaway in Hitchin For Sale

Shopping centre locality, excellent trading position, residential, office and commercial area, HERTFORDSHIRE HITCHIN

Price £150,000

Features

Licensed Indian, Chicken & American Burger Restaurant (closed September, 2022)

SINGLE FRONTED PREMISES in the region of 1,600 ft² approx. Tables and chairs providing seating for 30 persons (can be increased). Laminated strip floor, suspended ceiling with spot lights. Sales counter / Bar with cash register.

Toilet with w.c. and wash hand basin.

KITCHEN. Industrial non-slip floor, stainless steel extractor unit, Henny Penny chicken pressure cooker, Henny Penny chicken warmer, steamer, drinks fridge, freezer, 2 hot cupboards, refrigerated making table, 9-burner gas cooker with oven, Tandoori Oven, gas grill, Chip dump, Henny Penny open fryer, 3-pot bain marie, breading table, 2 stainless steel preparation tables, 2 double sinks and drainer.

Walkin coldroom.

Walkin Fridge.

Stock room..

Stairs to first floor.

2 Rooms

Toilet with w.c. and wash hand basin. (Staff)

Turnover

WE ARE INFORMED by the owner the turnover when trading averaged £12,000 p.w. with a gross profit of 60% approx. (70% deliveries / takeaway)

Trading Hours

WHEN TRADING
7 Day week
MONDAY INCLUSIVE THURSDAY 11am - 11pm
SUNDAY 11am - 11pm
FRIDAY & SATURDAY 11am - 12pm
The premises has a 2am late licence

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2013 with reviews every 4 years (next review 2025) at a current rent of £20,000 p.a. In addition we understand there is a Service Charge of £1,400 p.a. approx.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

OFFERS INVITED TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS in the region of £150,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote