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Reference R8925

Licensed Restaurant with Bar in Hertfordshire For Sale

Licensed Restaurant with Bar in Hertfordshire For Sale
Licensed Restaurant with Bar in Hertfordshire For Sale Buy a Licensed Restaurant with Bar in Hertfordshire For Sale Sell a Licensed Restaurant with Bar in Hertfordshire For Sale

Register to see map and to make an appointment Sought after positiion, HERTFORDSHIRE

Turnover 7,000
Price 125,000 / 950,000

Features

Detached Licensed Restaurant (full On Licence)

Trading as Indian cuisine for the past 10 years which could obviously be continued & in our opinion there is potential for other types of cusine.

A considerable amount of houses are being built nearby & we understand that when completed the vendors have advised us that there will be approximately 5,000 new houses, in our opinion offering terrific potential for development of this business in the right hands.

Tarmaced car park for 30/35 cars

SPACIOUS RESTAURANT with laminated strip floor, ceiling with inset spotlighting. 5 air conditioning units. Tables & chairs providing seating for 100 persons. BAR with hand pump, 2 double door glass fronted counter fridges, sink.

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

LARGE KITCHEN with tiled floor, tiled walls. The equipment includes stainless steel extractor, Tandoori oven, 9-burner Chinese cooker, 2 double door stainless steel fridges, 2 chest deep freezers, double sink & drainer, wash hand basin.

Storeroom

Cellar providing additional storage area plus beer cellar

Turnover

WE ARE INFORMED the turnover is in excess of 7,000 p.w. in our opinion offering tremendous potential for further development in the right hands.

Staff

The restaurant is at present mainly staff operated. Restaurant area 5 full time waiters plus 2 part time waiters. Kitchen area 3 full time chefs, 2 full time kitchen porters plus 2 part time kitchen porters.
It will be appreciated upon inspection that with more active owners, the wage bill could be reduced.

Trading Hours

12 noon - 2 p.m. & 5.30 p.m. - 11 p.m. seven days per week

Accommodation

The accommodation comprises:

4 Bedrooms (3 doubles, 1 single)
Shower room with shower, w.c. & wash hand basin

Outside

Car parking for 30/35 cars

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15/20 years full repairing and insuring lease at a rental of 50,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 2,625 p.a. approx. (after small business relief)

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 950,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 950,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 62,500 (lease) 665,000 (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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