Licensed Indian Restaurant In Middlesex For Sale

Business description

SPACIOUS SPLIT LEVEL RESTAURANT with ceramic tiled floor. Tables and chairs providing seating for 50 persons. Attractive BAR with hand pump.

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

LEVEL KITCHEN with non-slip floor. The equipment includes Tandoori oven, 6-burner gas cooker, 2 fridges, 2 deep freeze, stainless steel table, hotplate etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of £15,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter after the following 5 years.

Uniform Business Rates: £2,000 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, residential area, MIDDLESEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,000/£2,200 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 £52,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - evenings only - 5 p.m. - 11.30 p.m.
Saturday & Sunday - lunchtime - 12 noon - 2.30 p.m. & evenings 5 p.m. - 11.30 p.m.

Employees:

The Restaurant is at present operated by the vendor on a part time basis with the assistance of 2 full time chefs plus 3 part time staff.

Other information

Financing available:

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