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Superbly fitted CONTEMPORARY LICENSED INDIAN RESTAURANT

Price:
Leasehold - £70,000
Turnover:
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Seller Ref:
R9047
Location:

West Midlands

Business Type:

Food Service Businesses

See Other:
Restaurants for sale in West Midlands
Indian restaurants for sale in West Midlands
Fast food restaurants for sale in West Midlands
Food service businesses for sale in West Midlands
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : No parking restrictions in front of parade

Newly fitted approx. 18 months ago at considerable expense.

SPACIOUS DOUBLE FRONTED LICENSED RESTAURANT with wooden plus part granite tiled floor, wall ighting. Air conditioning. Tables and chairs providing seating for 52 persons. Attractive bar with 1 hand pump, coffee machine, glasswasher, ice machine, sink. Seating area for 5 persons.

Level kitchen with non-slip floor. The equipment includes Tandoori oven, double deep fryer, 9-burner gas cooker, 1 stainless steel fridge, 1 additional fridge, 2 hot cupboards, double sink and drainer etc.

Fully tiled ladies'/disabled cloakroom with w.c. and wash hand basin
Fully tiled gentlemen's cloakroom with w.c. and wash hand basin

Large cellar for storage purposes

WE ARE INFORMED the turnover averages £3,250 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £10,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Location Details:
Situated in a parade, excellent trading position, residential area, WEST MIDLANDS
Trading Hours:
Sunday & Monday - 5.30 p.m. - 12 midnight
CLOSED ALL DAY TUESDAY
Wednesday & Thursday - 5.30 p
Accommodation:
2 parking spaces
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