| (REF: R1017) Attractive And Spacious Licensed Restaurant |
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| Seller Reference: |
R1017 |
| B4S Reference: |
13591 |
| Asking Price: |
£90,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£234,000 |
| Number of Staff: |
3 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Lincolnshire, the East Midlands, United Kingdom |
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Nationwide are pleased to offer to the market : Free car park front and rear of parade.
Spacious LICENSED RESTAURANT, at present Indian cuisine which could obviously be continued and, in our opinion, in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.
Spacious restaurant with woodstrip floor plus carpeted area. Bar with 3 hand pumps, glasswasher, 2 double door glass-fronted counter fridges, etc.
Fully tiled ladies cloakroom with w.c. and wash hand basin.
Fully tiled disabled cloakroom with w.c. and wash hand basin.
Full tiled gentlemens cloakroom with w.c. and wash hand basin.
Large level kitchen with non-slip floor. Equipment includes tandoori oven, 8-burner gas cooker with ovens, 1 upright stainless steel fridge, 3 deep freezes, 3 sinks and drainers, etc.
WE ARE INFORMED the turnover averages £4,000/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
We understand the premises are held on a secure renewable lease, the present lease having approx. 10 years unexpired, at a current rental of £18,000 exclusive of rates, with rent revisions.
RECOMMENDED FOR EARLY INSPECTION.
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
THE ACCOMMODATION, in the form of a self contained FLAT OVER with full gas fired central heating, comprises:
3 bedrooms (2 doubles, 1 single).
Bathroom with bath, w.c. and wash hand basin.
Lounge.
Kitchen.
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Location: |
Situated in a parade, main road trading position, N. LINCOLN-SHIRE. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Sunday/Thursday incl. 5 p.m. - 11.30 p.m.
Friday & Saturday, 5 p.m. - 12.30 p.m.
We are advised by the present owner that the premises are licensed for music and the restaurant is allowed to be open until 4 a.m. if desired. |
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The restaurant is at present operated by the vendor with the assistance of 1 full time manager plus 3 full time staff in the kitchen. In addition, in the restaurant area, there are 4 part time staff plus additional staff at weekends. |
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