| (REF: R3034) Spacious Licensed Restaurant |
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| Seller Reference: |
R3034 |
| B4S Reference: |
30720 |
| Asking Price: |
£160,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£286,000 |
| Number of Staff: |
2 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Hertfordshire, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : Established as Indian cuisine approximately 20 years ago, which could obviously be continued and in our opinion in view of the main road trading position, there is potential for other types of cuisine, if desired.
The business has been in the same hands for the past 20 years and there are genuine reasons for sale.
Layby in front of parade providing customers parking
SPACIOUS RESTAURANT with quality shop front. BAR area with ceramic tiled floor, spacious bar with wooden front and marble top, mirror-backed shelving, upright glass fronted counter fridge, 1 hand pump, glasswasher, sink and drainer.
SPACIOUS RESTAURANT AREA fully carpeted, ceiling with inset lighting. 2 air conditioning units. Tables and chairs providing seating for 66 persons (in our opinion can be increased to accommodate 80 persons, if desired).
Fully tiled disabled cloakroom with w.c. and wash hand basin
Fully tiled ladies cloakroom with w.c. and wash hand basin
Fully tiled gentlemens cloakroom with w.c. and wash hand basin
LARGE COMMERCIAL KITCHEN with tiled floor and tiled walls plus stainless steel cladding to walls (cooking section). The equipment includes 9-burner gas cooker with 2 double ovens, Tandoori oven, stainless steel upright hot cabinet (for plate warming), stainless steel work surface with hot cupboard, stainless steel table, double sink and drainer, walk-in coldroom, 1 upright deep freeze, 1 chest deep freeze, additional small upright deep freeze, double door glass fronted fridge (used for wine).
WE ARE INFORMED the turnover averages £5,500 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further development in the right hands. Gross profit 65% approx.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 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 SELF CONTAINED living accommodation at present utilized by staff, comprises:
2 Large Rooms
Fully tiled bathroom with bath, w.c. and wash hand basin
Storeroom (used for wines). In our opinion could readily be used as a kitchen
Service road at rear of parade |
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Location: |
Situated in a parade, busy road, sought after HERTFORDSHIRE TOWN. |
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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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Monday - Saturday inclusive - 12 noon - 2.30 p.m. & 5.30 p.m. - 11.30 p.m.
Sunday opening - 12 noon - 3 p.m. & 5.30 p.m. - 10.30 p.m. |
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The Restaurant is at present operated by the vendor with the staff. Kitchen area 1 full time chef, 1 second chef, 1 Tandoori chef, 1 kitchen porter plus 1 part time kitchen staff at weekends. Restaurant a 3 full time waiters plus 1 part time for deliveries. |
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