Attractive Superbly Fitted Licensed Indian Restaurant In Hertfordshire For Sale

Business description

At present 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 cuisine, if desired.

Service road in front of parade providing customer's car parking

ATTRACTIVE DOUBLE FRONTED RESTAURANT, carpeted. New tables and chairs providing seating for 40 persons. New bar with 1 hand pump, upright glass fronted fridge.

Rear kitchen with non-slip floor. Well equipped including Tandoori oven, 9-burner gas cooker, hot cupboard, 1 microwave oven, 1 Fosters double door fridge, 3 Novac chest deep freezes, double sink and drainer, wash hand basin, 3 stainless steel tables etc.

Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £10,800 p.a. exclusive of rates up to 2015 with rent to be agreed thereafter.

Uniform Business Rates: £2,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent main road trading position, HERTFORDSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £4,000/£4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 or near offer plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Evenings only - Monday - Thursday inclusive - 6 p.m. - 11 p.m.
Friday & Saturday - 6 p.m. - 11.30 p.m.
Sunday - 6 p.m. - 10.30 p.m.

Employees:

The Restaurant is at present operated by the vendor with the assistance of 2 full time waiters plus 3 full time kitchen staff plus 1 additional kitchen staff when required.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance