Fully fitted INDIAN RESTAURANT
Price:
Leasehold - £58,500
Location:
London, North London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : SPACIOUS DOUBLE FRONTED RESTAURANT with tiled floor. Tables and chairs providing seating for 52 persons.
LEVEL KITCHEN with tiled floor. The equipment includes Tandoori oven, 8-burner gas cooker, 2 microwave ovens, grill, 2 stainless steel fridges, 1 display fridge, 1 deep freeze, 1 stainless steel table, walk-in coldroom, double sink and drainer etc.
Ladies' and gentlemen's cloakrooms
WE ARE INFORMED the turnover averages £2,800 p.w. in our opinion offering tremendous potential for further increase, especially with obtaining the necessary licenses in order to offer wines, beers and spirits to customers using the restaurant. The restaurant is situated close to Arsenal Football Ground and in our opinion there is terrific potential for additional trade on match days.
We understand the premises are held on a secure renewable lease, the present lease having approximately 17 years unexpired at a rental of £11,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £5,000 p.a. approx. (We understand the present owner is appealing in respect of the rates and is hopefuly of a reduction).
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £58,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, main road trading position, LONDON, N
11 a.m. - 11 p.m. seven days per week
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