Most Attractive & Well Fitted Licensed Restaurant For Sale

Business description

The Restaurant has been trading as Indian cuisine for the past 10 years 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.

2 ATTRACTIVE BOW WINDOWS to well appointed RESTAURANT including quality woodstrip floor, 2 air conditioning/heating units, ceiling and wall lighting. Quality tables and chairs providing seating for 50 persons. DISPENSE BAR with 1 hand pump, double door glass fronted counter fridge, glasswasher, ice machine, wash basin, electric cash register, upright glass fronted fridge.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

LEVEL KITCHEN with tiled floor. The equipment includes stainless steel extractor system, Tandoori oven, 2 stainless steel double sinks, 2 stainless steel tables, 1 stainless steel fridge, 1 additional fridge, small deep freeze, upright deep freeze.

Rear dry goods store plus vegetable store

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of £22,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £6,000 p.a. approx.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises: 3 Double Bedrooms Bathroom with bath, wash hand basin Separate w.c. Small Office In addition there is a further storeroom with 2 chest deep freezes

Location:

Situated in a parade of shops, busy main road trading position, town centre, SURREY

Business Operation

Expansion potential:

WE ARE INFORMED the turnover is in excess of £3,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 2.30 p.m. & 5.30 p.m. - 11.30 p.m. seven days per week

Employees:

The restaurant is at present operated by 2 partners at weekends with the assistance in the kitchen area of 2 full time chefs plus 1 part time chef, 1 part time kitchen porter plus 1 part time kitchen help. Restaurant area - 1 full time manager, 2 full time waiters plus 1 part time driver.

Other information

Financing available:

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