Well Established Restaurant in Gillingham For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, KENT GILLINGHAM

Turnover £ 7,900
Price £58,000

Features

Well Established Pakistani Restaurant

Tables and chairs providing seating for 72 persons

DOUBLE FRONTED PREMISES in the region of 1,230 ft². Tiled floor, suspended ceiling with spotlights. Sales counter, EPOS till. Ground foor tables and chairs providing seating for 24 persons.

OPEN PLAN KITCHEN. Stainless steel extractor unit, Tandoori oven, deep fryer, gridle, Tundo cooker, 4-burner gas cooker, microwave, fridge, freezer, ice cream freezer

First foor in the region of 570 ft². Tables and chairs providing seating for 48 persons.

Ladies' & gentlemen's toilet with w.c. and wash hand basin.

Stock room..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,900 p.w. with a gross profit of 65% approx. (50% DELIVERIES)

Staff

The business is at present operated under management with the assistance of staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11 p.m

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £19,500 p.a.

Business Rates from April 2022 £6,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £58,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote