Reduced Watford Rental Flat And Lovely Indian Restaurant For Sale

Business description

LOCATION: On a busy cut-through road in a residential area close to the town centre. Not far from Watford tube/train stations. Bus stops close by. There is little competition in the vicinity. Free on-street parking close by.

DESCRIPTION: This immaculately presented Indian restaurant has been expensively refurbished recently throughout, including modern lighting, granite flooring and contemporary seating. Customer toilets to one side. There is a 150 sq ft storage basement and a 20 ft long yard at the rear.

EQUIPMENT: The outside has modern signage and electric security shutters. There is a lovely welcoming 40ft x 28ft open plan seating area for 52 and a 200 sq ft kitchen area to the rear. The kitchen is newly equipped and includes a cooker, oven, steel prep tables, freezer, walk-in refrigerator, coffee machine (leased), digital till & sound system.

BUSINESS: Takings are £3,500 per week with potential for more as it is recently opened and alcohol is currently not served. The family owners are supported by 3 FT and 1 PT staff. The staff earn approx £830 p.w.

HOURS: 12pm – 2.30 pm then 5.30pm – 11pm (7 days)

ACCOMM: There is a 3 bedroom flat above the restaurant with its own separate entrance which is currently let at £13,200 p.a. This includes an open plan lounge, 2 kitchens and 2 bathrooms.

TENURE: Lease commenced in 10/2007 for a term of 15 years and the current rent is £21,000 per annum with reviews every 4 years.

RATES: Business rates payable are approx £6,000 p.a.

Property information

Property:

Leasehold

Lease terms:

Lease commenced in 10/2007 for a term of 15 years and the current rent is £21,000 per annum with reviews every 4 years.

Leasehold rent:

£21,000 per annum

Living accommodation:

There is a 3 bedroom flat above the restaurant with its own separate entrance which is currently let at £13,200 p.a. This includes an open plan lounge, 2 kitchens and 2 bathrooms.

Location:

On a busy cut-through road in a residential area close to the town centre. Not far from Watford tube/train stations. Bus stops close by. There is little competition in the vicinity. Free on-street parking close by.

Business Operation

Competition / Market:

There is little competition in the vicinity.

Reasons for selling:

Change of interest.

Trading hours:

12pm – 2.30 pm then 5.30pm – 11pm (7 days)

Employees:

3 FT and 1 PT staff.

Years established:

2007

Other information

Support & training:

Full handover support and training included in asking price.

Related documents:

• 
• Compulsory Registration Form to Return Please