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Most attractive olde worlde LICENSED RESTAURANT.

Price:
Leasehold - £49,500
Turnover:
Register to view
Seller Ref:
R9958
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 : Outstanding opportunity to acquire a most attractive olde worlde Licensed Restaurant, we understand the property is approximately 400 years old with a wealth of oak beams. The property we understand had a new extension at ground and first floor level approx. 30 years ago.

At present operated as Indian cuisine, which could obviously be continued and in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS LICENSED RESTAURANT with wealth of oak beams and uprights. Tables and chairs providing seating for 65 persons (can be increased to accommodate 70/80 persons, if desired). Bar with wooden servery, brickwork front, 2 hand pumps, optics.

Large level kitchen with tiled floor and tiled walls. The equipment includes Tandoori oven, 10-burner gas cooker, stainless steel tables, double door stainless steel fridge, 2-door stainless steel counter fridge, 2 deep freezes, double sink and drainer.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with w.c. urinal and wash hand basin

WE ARE INFORMED the turnover averages £2,000/£2,500 p.w. in our opinion offering tremendous potential for further increse in the right hands. Gross profit 65% approx.

We understand the premises are held on a secure renewable lease from a private landlord, the present lease expiring in June, 2012 at a rental of £17,940 p.a. exclusive of rates.

Uniform Business Rates: £5,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Location Details:
Sought after position, village residential area, ESSEX.
Trading Hours:
6 evenings per week only - 5 p.m. - 11 p.m.
CLOSED MONDAY
It will be appreciated upon inspect
Accommodation:
The SPACIOUS accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Double Bedrooms
Large Bathroom with corner bath, w.c. and wash hand basin
Large Lounge
Spacious Kitchen/Dining Room

Patio area. Parking space for 4 cars.
Double Garage plus adjoining room, in our opinion this room has potential for sub-letting and we understand has previously been let and utilised for takeaway pizzas.
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