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Well Fitted Indian Restaurant in Hertfordshire For Sale

Well Fitted Indian Restaurant in Hertfordshire For Sale
Well Fitted Indian Restaurant in Hertfordshire For Sale Buy a Well Fitted Indian Restaurant in Hertfordshire For Sale Sell a Well Fitted Indian Restaurant in Hertfordshire For Sale Well Fitted Indian Restaurant in Hertfordshire For Sale for Sale Well Fitted Indian Restaurant in Hertfordshire For Sale for Sale Well Fitted Indian Restaurant in Hertfordshire For Sale for Sale Well Fitted Indian Restaurant in Hertfordshire For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, HERTFORDSHIRE

Turnover 5,000
Price 155,000

Features

Well Fitted Licensed Restaurant

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

ATTRACTIVE SPACIOUS RESTAURANT with quality tiled floor, ceiling with inset lighting. Tables & chairs providing seating for 32 persons. BAR with additional seating for up to 7 persons. The bar has a computerised till, 1 single door & 1 3-door glass fronted counter fridge, shelving for glasses, Nespresso coffee machine.

Stairs to first floor with quality tiled floor. Tables & chairs providing seating for an additional 15 persons.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 2 w.c's, wash hand basin

FIRST FLOOR KITCHEN with non-slip floor. The equipment includes stainless steel extractor, Tandoori oven, grill, 6-burner gas cooker with oven, deep fryer, 3-door stainless steel counter fridge, 1 fridge, 1 upright deep freezer etc.

Ground floor walk-in coldroom

Turnover

WE ARE INFORMED the turnover averages 5,000/6,000 p.w. including takeaway & delivery in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present operated by the vendor's husband with the assistance of a bar manager plus 1 part time staff on Friday & Saturday plus 1 head chef & 2 part time employees in the kitchen.

Trading Hours

CLOSED SUNDAY & MONDAY
Tuesday - evening only - 5.30 p.m. - 11 p.m.
Wednesday, Thursday & Friday - 12 noon - 3 p.m. & 5.30 p.m. - 11 p.m.
Saturday opening - 12 noon - 11 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 8 years unexpired from October, 2019 at a current rental of 35,000 p.a. exclusive of rates with rent revisions

Uniform Business Rates: 6,674 p.a. after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 155,000 plus STOCK TO BE MUTUALLY AGREED.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 77,500 (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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