Old Established Indian Takeaway & Delivery For Sale

Business description

Owned by the present owner for the past 8 years, in our opinion having tremendous potential as the vendor has recently obtained planning permission to extend the property into the yard and stockroom at rear. Relocating the kitchen area to the rear of the premises would provide space for a Restaurant area for up to 70 persons.

We are further advised that the Restaurant has A3 use to trade from 12 noon - 12 midnight seven days per week.

The DOUBLE FRONTED MEDIUM SIZED PREMISES at present operate as an Indian Takeaway. The customer's area has a laminated strip floor, counter.

Level kitchen at rear, fully equipped including Tandoori oven, 8-burner gas cooker, 1 small fridge, 1 additional fridge, 2 deep freezes, sink etc.

Stockroom at rear
Staff w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £1,400 p.a. approx. (after small business relief)

OUTSTANDING OPPORTUNITY TO ACQUIRE A NEW LEASE IN RESPECT OF A CATERING PREMISES, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR DEVELOPMENT INTO A RESTAURANT IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Location:

Situated in a parade, residential area, GLOUCESTERSHIRE

Other information

Expansion potential:

The business is at present operated on a low key basis and we are informed the turnover is in the region of £1,000 p.w. In our opinion, there is tremendous potential to develop the Takeaway & Delivery service.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY (Ground Floor only), GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 5 p.m. - 11 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.