Licensed Indian Restaurant For Sale

Business description

Well established as Indian cuisine, which could obviously be continued, and in our opinion the Restaurant has potential for other types of cuisine, including Chinese and Thai if desired.

DOUBLE FRONTED RESTAURANT occupying a corner position, new wooden Flooring. 2 air conditioning units. Wall lighting. Tables and chairs providing seating for 42 persons. Attractive wood bar, glass shelving, wash basin, glass washer, ice cream deep freeze, wine fridge, beer cooler.

Ladies' & Gentlemen's cloakrooms each with w.c. and wash hand basin
Level kitchen with tiled floor. The equipment includes Tandoori oven, 7-burner gas cooker, stainless steel extractor unit, single burner unit, domestic microwave oven, double sink and drainer, hot cabinet, walk-in coldroom, chest deep freeze etc.

Rear storeroom with shelving

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease for a period of 15 years from February, 2001 at a current rental of £17,000 p.a. exclusive of rates up to February, 2009 the vendor feels that the rent is unlikely to increase at this time, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £3,100 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Location:

Occupying a corner position, end of parade, LONDON NW

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £3,700 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £34,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

CLOSED ALL DAY MONDAY
Tuesday, Wednesday & Thursday - 5.30 p.m. - 11.30 p.m.
Friday & Saturday - 5.30 p.m. - 12 midnight
Sunday opening - 12 noon - 3 p.m. & 5.30 p.m. - 11 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.