Superior & Spacious Licensed Restaurant 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.

SPACIOUS RESTAURANT with laminated strip floor, attractive ceiling with inset spotlighting. 2 air conditioning/heating units. Quality tables and chairs providing seating for 80 persons. BAR with wooden top, 2 group coffee machine, coffee grinder, sink, glass washer, mirror-backed shelving, 2 small gass fronted counter fridges, 1 upright glass fronted drinks fridge.

OPEN PLAN KITCHEN with quarry tiled floor, stainless steel extractor with stainless steel cladding to cooking area, Tandoori oven, 9-burner gas cooker, stainless steel table, 1 domestic plus 1 commercial microwave oven, double sink and drainer, wash hand basin, 1 stainless steel single door fridge, 2 stainless steel upright deep freezes, 1 additional fridge etc.

Fully tiled ladies' cloakroom with w.c. wash hand basin, electric hand dryer
Fully tiled gentlemen's cloakroom with w.c. wash hand basin, electric hand dryer

2 Large Basements, ideal for storage purposes

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 23 years unexpired at a rental of £20,000 p.a. exclusive of rates for the next 3 years, with rent rview at that time and thereafter every 5 years.

Uniform Business Rates: £7,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, busy road, approximately 2 minutes walk from the town centre, EAST SUSSEX

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the minimum winter turnover is in the region of £4,000 p.w. increasing during the summer months to a maximum of £8,000 p.w. Gross profit 65% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

5.30 p.m. - 11 p.m. seven evening per week

Employees:

The Restaurant is at present operated by the vendor full time who is a chef, together with the assistance of a second chef, 1 cook plus 1 kitchen porter. In the Restaurant area there are 4 waiters. In addition there is 1 delivery person.

Other information

Financing available:

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