| (REF: R8515) Spacious Well Fitted Licensed Restaurant |
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| Seller Reference: |
R8515 |
| B4S Reference: |
21274 |
| Asking Price: |
£120,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£312,000 |
| Number of Staff: |
3 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Hampshire, South East England, United Kingdom |
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Nationwide are pleased to offer to the market : Established by the present owners approx. 4 years ago as Indian cuisine, which could obviously be continued, and in view of the excellent trading position, in our opinion there is potential for other types of cuisine, if desired.
SPACIOUS DOUBLE FRONTED GROUND FLOOR RESTAURANT with tiled floor, partly carpeted, wall and ceiling lighting. Air conditioning. Tables and chairs providing seating for 36 persons. Bar with hand pump, upright glass fronted wine fridge etc.
Fully tiled ladies and gentlemens cloakrooms
Separate disabled cloakroom with w.c. and wash hand basin
Stairs to first floor additional RESTAURANT AREA with tables and chairs providing seating for 24 persons.
Level kitchen with non-slip floor. The equipment includes Tandoori oven, large gas cooker, hotplate, microwave oven, 2 deep freezes, 1 stainless steel fridge, double sink and drainer, wash hand basin etc.
WE ARE INFORMED the turnover averages £6,000 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 having approximately 20 years unexpired at a rental of £30,000 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £2,600 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTION
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £120,000 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 with FULL GAS FIRED CENTRAL HEATING comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
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Location: |
Situated in a parade, excellent town centre position, HAMPSHIRE |
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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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12 noon - 2.30 p.m. and 6 p.m. - 11 p.m. seven days per week |
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The Restaurant is at present operated by 1 of the partners with the assistance of 6 full time in respect of the Restaurant plus 4 full time and 1 part time in respect of the kitchen area. |
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