Vegan and Vegetarian Indian Restaurant in Birmingham For Sale

Situated in a Parade, excellent trading position, close to ASDA, Schools and College, BIRMINGHAM

Turnover £ 5,750
Price £50,000

Features

Vegetarian & Vegan Indian Restaurant

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 420 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, spot and hanging lighting. Bar area (not licenced), EPOS till. Tables and chairs providing seating for 45 People.

Kitchen with stainless steel extractor unit, Tandoori oven, Gas 8-burner Cooker, fridges, deep freeze, double sink and drainer, microwave, hot plate, etc

Dry Store

Ladies' & gentlemen's plus Disabled Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 - £6,000 p.w. with a Gross profit of 65% approx. (£1,500 via portals)

Staff

The business is at present operated by 5 full time & 2 part time staff.

Trading Hours

6 Day week (LICENSED 7am - 11pm)
MONDAY & WEDNESDAY - SUNDAY 5pm - 10.30pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2020 with reviews every 3 years (next review 2026) at a current rent of £18,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote