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Reference R9302

Well Fitted Indian Restaurant in Essex For Sale

Register to see map and to make an appointment Situated in a parade, busy road, ESSEX

Turnover 6,000
Price 85,000

Features

Attractive well Fitted Licensed Restaurant

Trading as Indian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE SINGLE FRONTED RESTAURANT carpeted. 3 air conditioning/heating units. Tables & chairs providing seating for 55 persons. BAR.

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor & tiled walls. The equipment includes stainless steel extractor, Tandoori oven, 6-burner gas cooker with oven, microwave oven, dishwasher, double sink & drainer, walk-in coldroom etc.

Turnover

WE ARE INFORMED the turnover averages 6,000 p.w. including takeaway & deliveries. The business is at present members of Just Eat & Deliveroo whom we understand undertake the deliveries.

Staff

At present operated under management. Staff employed 1 manager, 3 chefs, 1 kitchen porter. Restauant area 3 waiters.

Trading Hours

5 p.m. - 11 p.m. seven days per week

Outside

Yard at rear with storeshed

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 7 years unexpired at a rental of 32,000 p.a. inclusive of water rates, exclusive of rates for the next 4 years with rent to be agreed thereafter. (We understand the landlord, subject to satisfactory references, is prepared to grant a longer lease at terms and rent to be agreed).

Uniform Business Rats: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (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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