Well Fitted Licensed Indian Restaurant In Cambridgeshire For Sale

Business description

Established by the present owner as Indian cuisine in 2008, obviously the present cuisine could be continued and in our opinion there is potential for other types of cuisine if desired due to it's unopposed position.

ATTRACTIVE DOUBLE FRONTED RESTAURANT occupying a corner position with 2 side windows. The Restaurant is fully carpeted, wall and ceiling lighting. Tables and chairs providing seating for 70 persons (can be increased). BAR with 2 hand pumps, 2 double door glass fronted counter fridges.

LEVEL KITCHEN with non-slip floor, stainless steel extractor unit, Tandoori oven, 9-burner gas cooker, stainless steel tables, 1 large double door stainless steel fridge, 2 deep freezes, double sink and drainer, wash hand basin.

PREPARATION AREA with additional sink

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

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £21,800 p.a. exclusive of rates up to January, 2012, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,600 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises: 5 Bedrooms (4 doubles, 1 single) Bathroom with bath, shower, w.c. and wash hand basin Large Lounge Separate Kitchen

Location:

Residential area, CAMBRIDGESHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 2 p.m. & 5 p.m. 11 p.m. seven days per week

Employees:

The business is at present operated by the vendor with the assistance of 5 full time staff.

Other information

Financing available:

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