Spacious Well Equipped Licensed Restaurant For Sale

Business description

Established as Indian cuisine for approximately 3 years, which could obviously be continued, and in our opinion in view of the sought after position, there is potential for other types of cuisine, if desired.

Service road in front of parade providing customer's car parking

Entrance to IMPRESSIVE & SPACIOUS RESTAURANT mainly carpeted plus part wood strip floor, attractive ceiling lighting. Full gas fired central heating. 3 air conditioning units. Tables and chairs providing seating for 80 persons plus additional customer's seating area for takeaway service. ATTRACTIVE BAR with marble effect top, 1 hand pump, glasswasher plus sink, coffee machine, coffee grinder, 3 double door sliding glass fronted counter fridges, attractive shelving, upright glass fronted display fridge (used for wines).

Ladies' cloakroom with tiled floor, 2 w.c's, 2 wash hand basins, mirrors, electric hand dryer
Gentlemen's cloakroom with tiled floor, w.c. 2 urinals, wash hand basin plus mirror, electric hand dryer

SPACIOUS KITCHEN with quarry tiled floor. Fully equipped including double sink and drainer, stainless steel tables, 2 Tandoori ovens, stainless steel extractor unit, stainless steel cladding to walls, 2 Panasonic PRO11 microwave ovens, 1 Sharps 1900w microwave oven, 2 6-burner gas cookers with double ovens, sink and drainer, 2 chest deep freezes, walk-in coldroom, sink and drainer.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a 25 years lease from the 6th August, 1998 at a current rental of £43,000 p.a. exclusive of rates up to July, 2013, with rent review at that time and thereafter every 5 years. We further understand that there is a service charge currently in the region of £4,000 p.a. We are further advised by the present tenants that the tenant is only responsible for internal repairs and decorations plus exterior decorations.

Uniform Business Rates we are advised in the region of £15,000 p.a. approx.

** PLEASE NOTE the Landlord requires a 12 months rent deposit from an ingoing tenants **

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS & QUALITY LICENSED RESTAURANT IN THIS SOUGHT AFTER LOCALITY.

Living accommodation:

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises: 5 Bedrooms (2 doubles, 3 singles) Bathroom with bath, w.c. and wash hand basin In addition there is a shower room with shower, w.c. wash hand basin plus a cloakroom with w.c. and wash hand basin

Location:

Situated in a parade, sought after position, busy road, residential area, SURREY

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £7,000/£7,500 p.w. in our opinion offering tremendous potential for further development in the right hands. (Included in the turnover is a certain amount of takeaway & deliveries).

Reasons for selling:

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £110,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT **PLEASE NOTE THE BUSINESS LOGO IS NOT INCLUDED IN THE PRICE**

Trading hours:

12 noon - 2.30 p.m. & 6 p.m. - 11.30 p.m. seven days per week

Employees:

The restaurant is at present operated by 1 of the directors on a full time basis with the assistance in the restaurant area of 3 full time plus 1 part time staff and in the kitchen area 2 full time chefs plus 1 full time kitchen staff.

Other information

Financing available:

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