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Reference R4555

Indian Restaurant including Takeaway & Delivery in Maryland For Sale


Register to see map and to make an appointment Situated in a parade, busy road, residential, commercial & office area, East London MARYLAND

Turnover 6,500
Price 125,000

Features

Well Fitted Indian Restaurant Including Takeaway & Delivery

Front area with space for 2 tables & 4 chairs

DOUBLE FRONTED PREMISES with porcelain tiled floor, ceiling lighting. 2 air conditioning/heating units. Tables & chairs providing seating for 18 persons. Double door glass fronted counter fridge, cool display serveover counter, long counter.

OPEN PLAN COOKING AREA with stainless steel extractor system, stainless steel cladding to cooking area, 2 3-door stainless steel counter fridges, 1 kebab machine, Lincat electric double deep fryer, gas cooker, large gas grill, Tandoori oven, 2 group coffee machine, coffee grinder.

REAR SECTION with wash-up area, double sink

STAIRS TO BASEMENT AREA with porcelain tiled floor. Area at present used for storage, however, in our opinion could readily be developed into an additional seating area, 1 deep freezer.

ADDITIONAL KITCHEN walk-in coldroom, double sink & drainer, 1 deep freezer

Ladies' & gentlemen's cloakrooms, 2 quality wash hand basins

Turnover

WE ARE INFORMED the turnover averages 6,500/7,000 p.w. including takeway & delivery, in our opinion offering tremendous potential for further development in the right hands. We are further advised that the gross profit is in the region of 65/70%.

Staff

The Restaurant is at present operated by the owner with the assistance of 2 full time chefs. In addition there are 2 full time drivers for deliveries.

Trading Hours

12 noon - 11 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in May, 2027 at a rental of 25,000 p.a. exclusive of rates up to May, 2021, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 4,800 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

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

Finance

Subject to status, you maybe able to borrow up to 62,500 (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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