Spacious Superbly Fitted Restaurant And Bar In Essex For Sale

Business description

At present Indian cuisine which could obviously be continued and in our opinion in view of the excellent trading position there is potential for other types of cuisine, if desired.

Front area with railings and sunblind. 4 tables and 8 chairs (can be increased)

Attractive American shop front (can be open front - weather permitting). SPACIOUS GROUND FLOOR RESTAURANT, quality slate floor, inset lighting. 2 air conditioning/heating units. Large feature underground fish tank approximately 18' x 8' with Coy fish, we understand admired by customers. Quality tables and chairs providing seating for 55 persons (can be increased). ATTRACTIVE BAR with 3 hand pumps, computerised till, 1 group coffee machine (on lease), 2 double door glass fronted counter fridges, glasswasher.

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

STAIRS TO FIRST FLOOR providing SPACIOUS ADDITIONAL RESTAURANT area with BAR, solid oak strip floor, ceiling lighting. 3 air conditioning units. Tables and chairs plus settees providing seating for approximately 85 persons. LARGE BAR with 6 hand pumps,2 wine coolers, 2 under-counter fridges, computerised till.

Additional ladies' cloakroom with 2 w.c's, wash hand basin
Additional gentlemen's cloakroom with 2 urinals, w.c. and wash hand basin

GROUND FLOOR SPACIOUS COMMERCIAL KITCHEN with dumb waiter to first floor. The kitchen has a quarry tiled floor and is all newly fitted including 6-burner gas cooker with large oven, large charcoal grill, large stainless steel extractor unit plus stainless steel cladding to walls, Lincat griddle, large single hob unit, 2 double deep fryers, Tandoori oven, 2 3-door stainless steel counter fridges, 1 3-door stainless steel counter deep freeze, walk-in coldroom, sink and drainer, wash hand basin.

WASH-UP AREA with sink, double drainer, commercial dishwasher etc.

Property information

Property:

Leasehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 21 years full repairing and insuring lease at a rental of £52,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (We understand the vendors are quite prepared to grant a shorter lease, if required).

Uniform Business Rates: £7,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERBLY FITTED & SPACIOUS LICENSED RESTAURANT/BAR IN THIS SOUGHT AFTER LOCALITY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent trading position, ESSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover is currently £5,000 p.w. in our opinion offering terrific potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

CLOSED ALL DAY MONDAY
Tuesday - Thursday inclusive - 12 noon - 3 p.m. & 5 p.m. - 10.30 p.m.
Friday & Saturday - 12 noon - 3 p.m. & 5 p.m. - 2 a.m.
Sunday - evenings only - 5 p.m. - 10.30 p.m.

Employees:

The restaurant is at present operated under management. Staff employed 1 full time manager. Restaurant area 3 part time waitresses, 2 part time waiters. Kitchen area - 2 chefs plus 1 kitchen porter. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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