Licensed Indian Restaurant In West Midlands For Sale

Business description

The Restaurant has been in the same hands for the past 22 years and in our opinion has terrific potential for further increase in the right hands. The cuisine for the last 22 years has been Indian cuisine, which could obviously be continued and in our opinion there is potential for other types of cuisine, if desired including coffee shop.

GROUND FLOOR SINGLE FRONTED ENTRANCE with single front, carpeted. Bar with seating area for approx. 20 persons.

STAIRS TO FIRST FLOOR RESTAURANT carpeted, wall and ceiling lighting. Tables and chairs providing seating for 46 persons.

First floor level kitchen with non-slip floor. The equipment includes Tandoori oven, 6-burner gas cooker, 1 fridge, 2 chest deep freezes, double sink and drainer etc.

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 new 15 years lease at a rental of £9,300 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,600 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, town centre, WEST MIDLANDS

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £2,500 p.w. including some takeaway & delivery, in our opinion offering tremendous potential for further development in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £24,999 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Evenings only - 5.30 p.m. - 11.30 p.m. seven days per week

Employees:

The Restaurant is at present operated by the vendor with the assistance of 2 full time in the Restaurant area plus 3 full time in the kitchen area.

Other information

Financing available:

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