Very Spacious & Well Presented
Pleasant Town Centre Location
60 Cover Restaurant
Same Owner Since 2004
4 Bedroom Accommodation
£75,000 Leasehold
Or Possible Freehold Investment Opportunity
Description and Trade:
Very pleasant courtyard location in the town centre, with local hotels in the vicinity, and having the benefit of a car park nearby.
The business operates as a restaurant and takeaway offering an Indian/Bengal menu.
Premises:
The very spacious and attractively presented Restaurant Area has 60 covers, beamed ceiling, carpeted flooring and has air conditioning. To the front is a Reception/Bar Area with customer seating. There are separate ladies and gents w.c. facilities.
To a Stock Room having three storage chest freezers, and staff w.c. facilities. To a well equipped Kitchen having 8 hob burner, one hob burner, two clay ovens, double deep fat fryer, microwave, two deep bowl sinks, standard sink, insect killer unit, plenty of stainless steel work surfaces etc. There is a further Stock Room, and to the rear is a delivery door.
Accommodation:
The internally accessed accommodation comprises two large double Bedrooms; two single Bedrooms; Bathroom with shower unit.
Comments:
A very successful business having a desirable trading location. It has been in the present owner’s hands since 2004 and has built up an excellent reputation, having many return customers, as is confirmed by the various review sites.
Our Client Informs Us That:
Takings and Profitability:
Takings are around £6,000 per week with the usual high profit margins associated with the trade.
Trading Hours:
5.30pm – 11.00pm Sunday to Thursday
5.30pm – 11.30pm Friday, Saturday
Staff:
The owner employs 6 full time and 2 part time staff.
Tenure:
Leasehold. A new negotiable term lease will be offered, with 3 yearly reviews, at a commencing rent of £20,000 per annum for the business and accommodation.
Price:
£75,000 plus stock at valuation for the new lease, business, fixtures and fittings.
The owner may sell the Freehold property. This site would be ideal to convert to residential flats.
