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Spacious Licensed Indian Restaurant For Sale

Margate, Kent, UK
Asking Price:
£120,000
Turnover:
£520,000
Net Profit:
Undisclosed

LARGE DOUBLE FRONTED PREMISES 1,950ft² (Including Basement). Tables & chairs providing seating for 70 persons, Air conditioning with hot air, suspended ceiling with concealed lighting, carpet tiled and laminated strip floor.

KITCHEN with Tandoori oven, stainless steel extractor unit, 2 new fridges, additional fridge, sink, 12-burner cooker, 2 x hot cupboards, 3 chest freezers.

Additional Kitchen for washing up.

Stock room / Store room.

2 x Basements, used for storage purposes

LOCATION: Situated in a parade, excellent trading position, residential and commercial area, KENT.

TURNOVER: WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a gross profit of 65% approx.

ACCOMMODATION: YES, accommodation is included, you must click the 'Contact Broker' button for additional details.

STAFFING: The business is at present operated by the vendor with 6 full time staff employed.

PRICE: TO INCLUDE THE NEW LEASE TOGETHER WITH 1 FLAT, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, 2 FLATS, GOODWILL, FIXTURES & FITTINGS £650,000 plus STOCK AT VALUATION

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

ADDITIONAL INFORMATION AVAILABLE INCLUDING; RENT, LEASE TERMS, OPENING HOURS, ACCOMMODATION DETAILS, BUSINESS RATES AND REASON FOR SALE VIA THE 'CONTACT BROKER' BUTTON

Property Information

Property:

Leasehold

Living Accommodation:

Accomodation Included