| (REF: R3021) Spacious Well Established Licensed Restaurant |
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| Seller Reference: |
R3021 |
| B4S Reference: |
30456 |
| Asking Price: |
£105,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£208,000 |
| Number of Staff: |
5 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Essex, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : Well established as 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 cuisines, if desired.
SPACIOUS RESTAURANT carpeted, ceiling lighting, air conditioning. Tables and chairs providing seating for 57 persons. BAR 1 upright single door glass fronted drinks display fridge.
Ladies and gentlemens cloakrooms each with w.c. and wash hand basin
LEVEL KITCHEN with quarry tiled floor, tiled walls. The equipment includes Tandoori oven, 8-burner gas cooker with oven, 2 fridges, chest deep freeze, double sink and drainer etc.
WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
We understand the premises are held on a secure renewable lease, the present lease having approximately 17 years unexpired at a rental of £30,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £9,800 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 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, which does require some redecoration is SELF CONTAINED and situated over the restaurant.
First Floor
Stockroom (used for the restaurant)
1 Double Bedroom plus 1 single bedroom
Second Floor
1 further Double Bedroom plus 2 single bedrooms
Bathroom with bath, w.c. and wash hand basin
Large shared yard at rear with parking |
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Location: |
Situated in a parade, excellent main road trading position, ESSEX |
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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 p.m. & 6 p.m. - 12 midnight seven days per week |
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The business is at present operated by 1 partner on a full time basis with the assistance of the other partner at weekends plus 7 part time staff employed. |
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