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Well fitted LICENSED RESTAURANT
Price:
Leasehold - £85,000
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Established by the present owners approximately 30 years ago and trading as Indian cuisine, now solely offered for sale due to the vendor's retirement. Obviously the Restaurant could continue trading as Indian cuisine, however, in our opinion, in view of the excellent main road trading position, there is terrific potential to introduce other types of cuisine, if desired, including Italian, French, Chinese, Spanish etc.
The SPACIOUS SINGLE RESTAURANT all in excellent condition comprises front area, woodstrip floor. BAR with attractive brick front and marble top, 1 hand pump, mirror-backed shelving, optics. SPACIOUS FULLY CARPETED RESTAURANT AREA, 2 air conditioning/heating units, ceiling with inset lighting plus wall lighting. Quality tables and chairs providing seating for 72 persons (can be increased).
Fully tiled ladies'/disabled cloakroom with w.c. wash hand basin, electric hand dryer
Fully tiled gentlemen's cloakroom with 2 w.c's, wash hand basin electric hand dryer
COMMERCIAL KITCHEN with quarry tiled floor, mainly re-equipped approx. 2 years ago. Stainless steel extractor unit, 2 6-burner gas cookers with ovens, Tandoori oven, upright double door stainless steel fridge, upright single door stainless steel fridge, 2 chest deep freezes, 4 stainless steel tables, double sink and drainer, wash hand basin etc.
WE ARE INFORMED the turnover currently averages in the region of £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st January, 2010 showed £146,793 with a gross profit of £104,405.
The vendor owns the freehold and subject to satisfactory references is prepared to grant in respect of the Restaurant a new 20 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £7,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED WELL ESTABLISHED LICENSED RESTAURANT IN THIS SOUGHT AFTER TRADING POSITION. AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, sought after residential area, SURREY
12 noon - 3 p.m. & 6 p.m. - 11.30 p.m. seven days per week
Available as an optional extra on a shorthold tenancy at a rental of £1,000 per month is a SELF CONTAINED MAISONETTE over the Restaurant, comprising:
3 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Separate Kitchen
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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