Licensed Indian Restaurant in Margate, Kent

  • Price: £120,000
  • Weekly Turnover: £6,000
Margate, Kent, England
Seller Ref:NB-R9584
For Sale

Licensed Indian Restaurant in Margate, Kent

Margate, Kent, England
Seller Ref:NB-R9584
  • Price: £120,000
  • Weekly Turnover: £6,000

Overview

Seller Ref: NB-R9584

Description

Nationwide brings to the market this SPACIOUS LICENSED INDIAN RESTAURANT. Situated in a parade, excellent trading position, residential and commercial area, KENT.

PREMISES 1,937.5ft² (180M²) (Including Basement)

LARGE DOUBLE FRONTED PREMISES. Tables & chairs providing seating for 70 persons, Air conditioning with hot air, suspended ceiling with concealed lighting, carpet tiled and laminated strip floor.

KITCHEN with Tandoori oven, stainless steel extractor unit, 2 new fridges, additional fridge, sink, 12-burner cooker, 2 x hot cupboards, 3 chest freezers.

Additional Kitchen for washing up.

Stock room / Store room.

2 x Basements, used for storage purposes

Turnover : WE ARE INFORMED by the owner the turnover currently averages £6,000 / £7,000 p.w. with a gross profit of 65% approx. Split of turnover pre corona 50% restaurant 50% takeaway. We are further advised pre corona the turnover was in the region of £8,000/£9,000 p.w.

TO INCLUDE THE NEW LEASE TOGETHER WITH 1 FLAT, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, 2 FLATS, GOODWILL, FIXTURES & FITTINGS £650,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT. (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £120,000 Freehold : £650,000 (R9584)

www.NationwideBusinesses.co.uk

Is accommodation included:
Yes
Accommodation details:
FLAT 1 (USED BY STAFF):

THE ACCOMMODATION entrance via the shop. Electric Heaters, double-glazed windows over 2 floors:

3 Bedrooms (2 double, 1 Single)
Kitchen
Lounge
Bathroom with bath, w.c. and wash hand basin

Flat 2 (FREEHOLD OPTION ONLY):

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop with Gas Fired Central Heating, Double-glazed windows in good condition over 2 floors, at present let on a shorthold tenancy providing a rental income of £900 per month: THE ACCOMMODATION comprises:

3 Bedrooms (2 doubles, 1 single)
Kitchen
Lounge
Bathroom with bath, w.c. & wash hand basinLarge rear yard.
Is stock included:
NA

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