Long Established Indian Restaurant in Rickmansworth For Sale

Situated in a parade, excellent trading position, residential and commercial area, HERTFORDSHIRE RICKMANSWORTH

Turnover £ 3,000
Price £60,000

Features

Long Established Licensed Indian Restaurant - Recently Closed Due To Bereavement

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 740 ft². Carpet floor, spotlights.
Tables and chairs seating 38 persons. Bar with stalls. Electric cash register, under-counter fridges for soft drinks, beer and wine.

Ladies' and gentlemen's cloakrooms with toilet and sink

KITCHEN. Lino floor, tube lighting. Stainless steel extractor, Tandoori oven, 12 burner cooker, oven, microwave, hot cabinet, 2 chest freezers, walk-in cool room, vegetable fridge, stainless steel preparation table, double sink and drainer.

Turnover

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

Staff

The business is at present operated by the vendor with 5 full time staff employed. We are informed the wage bill averages £1,500 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 2 p.m & 5 p.m - 12 midnight

Outside

Yard. Shed used for storage

2 Garages

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord granted for 15 years, 1 years unexpired (5 yearly reviews), at a current rent of £20,000 p.a. We are advised, the Landlord is prepared to grant, to an approved applicant, a new lease at rent and terms to be agreed.

Business Rates from April 2023 £2,200 approx. (Please contact local authority to confirm)

Price

ALL OFFERS CONSIDERED IN EXCESS OF £60,000 TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote