Licensed Restaurant in Essex

  • Price: £110,000
  • Weekly Turnover: £4,750
Essex, England
Seller Ref:NB-R1975
For Sale

Licensed Restaurant in Essex

Essex, England
Seller Ref:NB-R1975
  • Price: £110,000
  • Weekly Turnover: £4,750

Overview

Seller Ref: NB-R1975

Description

Nationwide welcomes to the market this LICENSED RESTAURANT. Situated in a parade, main road trading position, ESSEX.

Established as Indian cuisine, which can obviously be continued and in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS SINGLE FRONTED RESTAURANT with laminated strip floor. Tables & chairs providing seating for 42 persons. BAR with 1 hand pump.

Fully tiled ladies’ cloakroom with w.c. & wash hand basin
Gentlemen’s cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with tiled floor, tiled walls, stainless steel extractor, Tandoori oven, 9-burner gas cooker with oven, fridge, double sink & drainer etc.

Stockroom area with double door stainless steel fridge, deep freezer, ice cream deep freezer.

Turnover : WE ARE INFORMED the turnover currently averages £4,500 – £5,000 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN 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 : £110,000 (R1975)

www.NationwideBusinesses.co.uk

Is accommodation included:
Yes
Accommodation details:
The accommodation in the form of a SELF CONTAINED MAISONETTE over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of £1,600 per month, however understand that vacant possession can be given on completion, if required. The FLAT comprises:

3 Bedrooms (1 double, 2 singles)
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units
Is stock included:
NA

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