Catering Kitchen Specialising In Indian Food For Weddings For Sale

Business description

SUMMARY:
• PRICE (LEASEHOLD) £30,000
• SIZE 95(M²) / 1,022.6(Ft²)

• 6 DAYS OPENING
• GROSS PROFIT 60%
• TURNOVER £1,500/£1,700 p.w. on local deliveries

DESCRIPTION:
SINGLE FRONTED, plasterboard ceiling with fluorescent lighting, ceramic tiled floor.

• Seating area with Sofas.
• Kitchen (Open plan), ceramic tiled floor, Tandoori oven, Cooker (Gas 10-burner), stainless steel extractor unit, 3 preparation tables (stainless steel), double sink and drainer, microwave oven (commercial), 2 chest freezers, 2 fridges, fryer, hot cupboard, etc..

• Toilet with w.c. and wash hand basin. (Staff). Shower room.
• Staff room carpet, EPOS scanning system with 1 till + computer

Property information

Property:

Leasehold

Lease terms:

We have not had sight of the lease but WE UNDERSTAND FROM THE VENDOR that the premises are held on a SECURE RENEWABLE lease from the private landlord:
• Lease granted for 15 years in 2010 (renewable under 1954 act)
• Reviews every 5 years (next review 2013 when the rent rises to £4,900)
• RENT £4,500 p.a. in addition we understand there is a further charge by the landlord of £500 for water, ground maintenance and building insurance per annum. (will be paid from 6th July 2012 so you would not have to pay this 6th July 2013)

THE VENDOR HAS ADVISED THAT:
• BUSINESS RATES from APRIL 2011 payable: £NIL (Please contact local council to confirm)
• WATER RATES £400 (METERED).

Location:

Situated in an Industrial Estate, busy road, commercial area, Essex.

Business Operation

Expansion potential:

We have not had sight of the account but WE ARE INFORMED by the vendor :
• Turnover averages £1,500/£1,700 p.w. on local deliveries
• Gross profit 60% approx.

Reasons for selling:

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £23,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT. N.B. The purchaser is to be responsible for the Landlord solicitors costs.

Trading hours:

6 Day week (Tuesday - Thursday, and Sunday) 5 pm - 10pm
Friday and Saturday 5 pm - 10.30 pm

Employees:

The business is at present operated by the vendor • 3 full time staff employed. • 1 part time staff employed. • We are informed the wage bill averages £750p.w. approx.

Other information

Financing available:

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