- Listing ID: 909947
- (Seller ref: R1101)
Established Indian Restaurant Newly Fitted Year And Half Ago For Sale
- Location:
-
- UK
- > England
- > South East
- > Essex
- > Essex
- Category:
- Type:
Listed by:
- Add to your shortlist >>
- View your shortlist >>
- Email alerts >>
- Email this listing to a friend >>
- Print this listing >>
Summary
- Asking price:
- £160,000
- Turnover:
- £208,000
- Net profit:
- Available on request
- Employees:
- The business is at present operated by the lady vendor, with the assistance of 6 full time staff and 2 part time staff
)
Business description
SUMMARY:
• PRICE (LEASEHOLD) £180,000
• GROSS PROFIT 65%
• TURNOVER £4,000p.w.
• SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S ILL HEALTH.
DESCRIPTION:
Single fronted, medium sized premises, wood strip floor, Tables and chairs providing seating for 70 people.
• Bar with granite tiled floor and counter fridge.
Separate level kitchen, tiled floor, stainless steel extractor canopy, 12-burner gas cooker, Tandoori oven, double sink and drainer, separate wash hand basin, stainless steel work surfaces, 2 x stainless steel preparation table, 1 microwave, shelving, chest freezer, etc.
• Walkin coldroom.
• Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin.
• Staff cloakroom with w.c. and wash hand basin
Property information
- Property:
- Leasehold
- Lease terms:
- We understand the premises are held on a secure renewable lease from the private landlord for a period of 25 years and currently has 2 years unexpired at a rent of £30,000 p.a.
We Understand the lanlord is willing to grant a new 25 year lease at terms to be agreed.
Uniform Business Rates: £5,500 p.a. approx. + water rates (metered).
- Location:
- Situated in a Parade, excellent trading position, residential, office and commercial area, Over looking the green, Essex.
Other information
- Expansion potential:
- WE ARE INFORMED by the vendor the turnover averages £4,000 p.w. Gross profit 65% approx.
- Reasons for selling:
- TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
- Trading hours:
- 7 Day week (Sunday - Thursday) 5.30pm - 11.30pm
Friday - Saturday 5.30pm - 12:00pm
- Financing available:
- SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
need to search again?
- UK
- > England
- > South East
- > Essex
- > Essex
Other buyers are looking to buy a business like this in Business Wanted >>
related resources
Post your comments and questions in the Forum >>
View all the resources you need to get through the buying process in Don't Dream It. Do It. >>
Other buyers need finance to buy a business like this in Finance Wanted >>
selling your business?
If you own a business and are considering selling, visit our Sell an Indian Restaurant section.
BusinessesForSale.com recommends
- HOW TO BUY A GOOD UK BUSINESS AT A GREAT PRICE
- 100s of strategies & techniques to help you find & buy the right business.
-
- Click here for more
- BUSINESS ADVICE BUREAU
- Find the best finance for your business purchase. There is no need to mortgage your house to live your dream. We explore every avenue possible to provide you with the funding you need.
-
- Click here for more
- GET PROFESSIONAL INDEMNITY INSURANCE
- Professional Indemnity Insurance (PI) is designed to protect your business from financially devastating and often reputation-damaging claims made by dissatisfied clients.
-
- Click here for more information
Advertisement
