Old established LICENSED RESTAURANT
Price:
Freehold - £595,000
Leasehold - £80,000
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Established by the present owners as Indian cuisine approx. 22 years ago.
Parking in front of Restaurant for 2/3 cars
SPACIOUS SINGLE FRONTED RESTAURANT with quality woodstrip floor, suspended ceiling with concealed inset lighting. Air conditioning. Tables and chairs providing seating for 45 persons, upright glass fronted drinks fridge. Bar with 2 hand pumps, sink.
Separate side entrance for takeaway.
Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Level kitchen with quarry tiled floor. Fully equipped including Tandoori oven, 2 6-burner gas cookers, large single burner unit, 2 commercial microwave ovens, 1 domestic microwave oven, stainless steel tables, double sink and drainer, wash hand basin.
Staff cloakroom with w.c. and wash hand basin
To the rear is a large preparation room we understand built in 2005 with tiled floor, large walk-in coldroom, 1 chest deep freeze, double sink and drainer.
WE ARE INFORMED the turnover averages £4,000 p.w. (we are further advised that the Restaurant turnover, including takeaway is in the region of £2,500 p.w). in our opinion offering tremendous potential for the introduction of deliveries. The balance of the weekly turnover is in respect of outside catering. The vendors have various contracts and there are 4 vans included in the sale.
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £595,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Occupying a corner position, end of parade, densely populated residential area, KENT
Monday - Thursday - 6 p.m. - 11 p.m.
Friday & Saturday - 6 p.m. - 11.30 p.m.
NO SUNDAY TRADING
The accommodation, which can be Self Contained, all in GOOD CONDITION, newly decorated, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Bedrooms (1 double, 1 small double)
Shower room with shower, w.c. and wash hand basin
Large Lounge with fitted kitchen area
Yard with parking space
North Yorkshire
£ 750,000
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