- Listing ID: 754347
- (Seller ref: R9331)
Licensed Indian Restaurant In Essex For Sale
- Location:
-
- UK
- > England
- > South East
- > Essex
- > Undisclosed
- Category:
- Type:
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Summary
- Asking price:
- £80,000
- Turnover:
- £223,600
- Net profit:
- Available on request
- Employees:
- The business is at present operated by 2 partners with the assistance of 6 full time staff.
Business description
We understand established as an Indian Restaurant in 1983.
SINGLE FRONTED RESTAURANT carpeted, wall and ceiling lighting. Air Conditioned. Tables and chairs providing seating for 45 persons (can be increased to approximately 60 persons, if desired). Bar with 2 hand pumps, optics, glass washer, sink.
Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Level kitchen. The equipment includes 6-burner gas cooker, Tandoori oven, 3 stainless steel fridges, 2 upright deep freezes, 1 chest deep freeze, double sink and drainer, wash hand basin etc.
Property information
- Property:
- Leasehold
- Lease terms:
- We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a current rental of £10,500 p.a. exclusive of rates. We further understand that the rent is currently under review for the next 5 years with further rent reviews every 5 years. In addition we understand there is a service charge currently of £600 p.a.
Uniform Business Rates: £1,400 p.a. approx.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
- Living accommodation:
- The SELF CONTAINED accommodation with FULL GAS FIRED CENTRAL HEATING comprises: 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Lounge Kitchen
- Location:
- Situated in a parade, main road trading position, densely populated residential area, ESSEX.
Other information
- Expansion potential:
- WE ARE INFORMED the turnover averages £4,300 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
- Reasons for selling:
- TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
- Trading hours:
- 1 p.m. - 3 p.m. & 5.30 p.m. - 11.30 p.m. seven days per week
- 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
- > Undisclosed
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