Licensed Indian Restaurant For Sale

Business description

SPACIOUS SINGLE FRONTED LICENSED RESTAURANT, newly fitted laminated strip floor, mainly newly carpeted. Wall and ceiling lighting. Tables and chairs providing seating for 45 persons. Bar with 2 hand pumps, upright glass fronted drinks fridge, sink, 1 ice cream deep freeze.

Ladies' and gentlemen's cloakrooms

Level kitchen with tiled floor. The equipment includes Tandoori oven, 8-burner gas cooker, 2 microwave ovens, 1 double door stainless steel fridge, 1 additional fridge, 2 chest deep freezes, double sink and drainer etc.

Property information

Property:

Leasehold

Lease terms:

The business is held under 2 separate leases for the restaurant area with accommodation over, the present lease has approximately 4 years unexpired at a rental of £12,132 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter. The adjoining restaurant area with no living accommodation over we understand is also held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £5,100 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.

Uniform Business Rates: £2,300 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation situated over comprises: 2 Bedrooms (1 double, 1 single) Shower room with shower, w.c. and wash hand basin Lounge

Location:

Main road trading position, GLAMORGAN, SOUTH WALES

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 65% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 5.30 p.m. - 12 midnight
Sunday opening - 1 p.m. - 12 midnight

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.