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Reference R3887

Indian Restaurant and Takeaway in Chelmsford For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, ESSEX CHELMSFORD

Turnover 5,000
Price 74,500

Features

Well Established Licensed Indian Restaurant

DOUBLE FRONTED RESTAURANT with woodstrip floor plus partly tiled. Tables & chairs providing seating for 38 persons. BAR, sink, mirror-backed shelving.

Fully tiled disabled cloakroom with w.c. and wash hand basin
Fully tiled ladies' cloakroom with w.c. and wash hand basin
Fully tiled gentlemen's cloakroom with w.c. and wash hand basin

LEVEL KITCHEN with tiled floor. The equipment includes Tandoori oven, 9-burner gas cooker with oven, 4 stainless steel tables, double sink & drainer etc.

Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. including takeaway & delivery, in our opinion offering terrific potential for further increase in the right hands. Gross profit 65% approx.

Staff

At present operated by the vendor with the assistance of 5 full time staff plus 1 part time delivery person.

Trading Hours

Seven evenings per week 5.30 p.m. - 11 p.m.

Accommodation

The accommodation situated on the first floor comprises:

2 Double Bedrooms
Shower room with shower, wash hand basin
In addition on the first floor is a storeroom, which in our opinion could be utilized as a lounge if required.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 16 years unexpired at a rental of 12,500 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 3,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 74,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 37,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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