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ATTRACTIVE WELL FITTED LICENSED RESTAURANT.

Price:
Leasehold - £150,000
Turnover:
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Seller Ref:
R1009
Location:

Essex

Business Type:

Food Service Businesses

See Other:
Fast food restaurants for sale in Essex
Indian restaurants for sale in Essex
Restaurants for sale in Essex
Indian takeaways for sale in Essex
Food service businesses for sale in Essex
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : At present Indian cuisine which could obviously be continued. In our opinion, in view of the excellent trading position, there is potential for other types of cuisine including tapas, Spanish, Chinese, etc.

Attractive single fronted Restaurant, with laminated strip floor. 4 air conditioning/heating units, quality tables and chairs providing seating for 60 persons. Bar with double door counter fridge, sink.

Disabled/Ladies' Cloakroom with w.c. and wash hand basin.
Gentlemen's Cloakroom with w.c. and wash hand basin.

Large kitchen with tiled floor and tiled walls. Equipment includes tandoori oven, 6-burner Chester gas cooker, microwave oven, 2 upright stainless steel fridges, 2 chest deep freezes, double sink and drainer, wash hand basin.

Ground floor stockroom.

Large public car park at rear (free after 6 p.m.)

WE ARE INFORMED the turnover averages £3,500/£3,800 p.w., in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

The vendor owns the freehold and, subject to satisfactory references, is prepared to grant a new 15 years' full repairing and insuring lease, at a rental of £25,000 p.a. excl. of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform business rates £5,300 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS, £150,000 PLUS STOCK AT VALUATION.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Location Details:
Situated in a parade, main road trading position, ESSEX.
Trading Hours:
Evenings, Sunday/Thursday incl. 5.30 p.m. - 11 p.m.
Friday & Saturday, 5.30 p.m. - 12 midnight.
Accommodation:
THE ACCOMMODATION, situated on the first floo, with full gas fired central heating, comprises:

1 large front room.
1 additional small room.
Shower room plus separate w.c.

Small yard.
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