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(REF: R3126)  Catering Kitchen specialising in Indian Food for Weddings and Delivery.
 
Seller Reference: R3126
B4S Reference: 32045
Asking Price: £23,000
Net Profit: Undisclosed
Sales Revenue: £78,000
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold
Location: Essex, the East of England, United Kingdom
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Similar business types:
Restaurant Premises For Sale in Essex   |  Restaurant Premises For Sale in Essex
  Business Summary   
  Nationwide are pleased to offer to the market : SUMMARY:

• PRICE (LEASEHOLD) £30,000
• SIZE 95(M²) / 1,022.6(Ft²)

• 6 DAYS OPENING
• GROSS PROFIT 60%
• TURNOVER £1,500/£1,700 p.w. on local deliveries


DESCRIPTION:

SINGLE FRONTED, plasterboard ceiling with fluorescent lighting, ceramic tiled floor.

• Seating area with Sofas.
• Kitchen (Open plan), ceramic tiled floor, Tandoori oven, Cooker (Gas 10-burner), stainless steel extractor unit, 3 preparation tables (stainless steel), double sink and drainer, microwave oven (commercial), 2 chest freezers, 2 fridges, fryer, hot cupboard, etc..

• Toilet with w.c. and wash hand basin. (Staff). Shower room.
• Staff room carpet, EPOS scanning system with 1 till + computer

We have not had sight of the account but WE ARE INFORMED by the vendor :

• Turnover averages £1,500/£1,700 p.w. on local deliveries
• Gross profit 60% approx.


We have not had sight of the lease but WE UNDERSTAND FROM THE VENDOR that the premises are held on a SECURE RENEWABLE lease from the private landlord:


• Lease granted for 15 years in 2010 (renewable under 1954 act)
• Reviews every 5 years (next review 2013 when the rent rises to £4,900)
• RENT £4,500 p.a. in addition we understand there is a further charge by the landlord of £500 for water, ground maintenance and building insurance per annum. (will be paid from 6th July 2012 so you would not have to pay this 6th July 2013)

THE VENDOR HAS ADVISED THAT:

• BUSINESS RATES from APRIL 2011 payable: £NIL (Please contact local council to confirm)
• WATER RATES £400 (METERED).

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £23,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

N.B. The purchaser is to be responsible for the Landlord solicitors costs.
  Property Information   
  Property: Leasehold
 
  Living Accommodation: Yes
 
  Details of Accommodation: Parking space for 2 car.
Bins area.
 
  Location: Situated in an Industrial Estate, busy road, commercial area, Essex.
  Other Details   
  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No
  Summary of Business Hours   
  6 Day week (Tuesday - Thursday, and Sunday) 5 pm - 10pm
Friday and Saturday 5 pm - 10.30 pm
  Summary of Staffing   
  The business is at present operated by the vendor

• 3 full time staff employed.
• 1 part time staff employed.
• We are informed the wage bill averages £750p.w. approx.





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