Well Established Indian Restaurant in Halstead For Sale

Situated in a Parade, main road trading position, residential, office and commercial area, Essex. HALSTEAD

Turnover £ 3,500
Price £525,000

Features

Well Established Freehold Indian Takeaway

Double fronted, medium sized premises, gas heater, ceramic tiled floor, spot lights.

Fully equipped including: sales counter, upright glass fronted drinks display fridge, etc.

THE KITCHEN AREA
Open plan level kitchen, 8-burner gas cooker, Tandoori oven, 3 fridges, 2 freezers, stainless steel extractor canopy, 1 microwave, double sink and drainer and separate wash hand basin, etc.

Included in the sale is an adjoining unit currently let on a 15 years lease as a kebab house at a rent of £10,000 p.a. with 5 yearly reviews, next review 30th June, 2022.

Turnover

WE ARE INFORMED the turnover averages £3,500 per week gross profit 50 % approx.

Staff

The business is at present operated by the 2 partners, with the assistance of 3 full time staff. We are informed the wage bill averages £700 per week approx.

Trading Hours

7 Day week (Monday - Sunday) 5 pm - 10 pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop with Gas Fired Central Heating, Double-glazed windows over 2 floors, comprises:

4 Bedrooms (3 double, 1 Single).
Fitted Kitchen.
Bathroom with bath, w.c. and wash hand basin.
Additional W.C..

N.b. The accommodation is let on a room by room basis, presently one of the double bedrooms is occupied.

Outside

Shared rear garden with lawn

Tenure

FREEHOLD

Uniform Business Rates: £1,000 p.a. approx.

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES AND FITTINGS £525,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 367,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote