Business for sale

Business description

Busy road, densely populated residential area, Middlesex

We are informed the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 70% approx.

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £150,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features At present operated as Indian cuisine, which could obviously be continued, and in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS CORNER RESTAURANT, multi windows, fully carpeted, 2 ceiling fans, ceiling with inset spotlighting. Air conditioning. Tables and chairs providing seating for 70 persons. Bar with 1 hand pump, optics, mirror-backed shelving, sink and drainer, upright glass fronted drinks fridge etc.

Level kitchen with non-slip floor. The equipment includes 10-burner stainless steel cooker with double oven, solid top cooker with double oven, Tandoori oven, microwave oven, extractor unit, stainless steel fridge, double sink and drainer, single sink and drainer, small deep freeze, walk-in coldroom etc.

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Staff The business is at present operated under management. Staff employed 1 full time manager, 2 full time plus 1 part time staff in the Restaurant. Kitchen - 3 full time staff.

Opening Hours Sunday - Thursday inclusive - 11 a.m. - 3 p.m. & 6 p.m. - 11 p.m.
Friday & Saturday - 12 noon - 12 midnight

Outside Yard at rear

Tenure We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £15,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £6,850 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED


Reference : R8924