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Reference R6211

Indian Restaurant and Takeaway in Hornchurch For Sale

Indian Restaurant and Takeaway in Hornchurch For Sale
Buy a Indian Restaurant and Takeaway in Hornchurch For Sale Sell a Indian Restaurant and Takeaway in Hornchurch For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, town centre & close to station, ESSEX. HORNCHURCH

Turnover 3,500
Price 70,000

Features

Well Fitted Licensed Restaurant

At present well established as Indian cuisine which could obviously be continued & in our opinion, in view of the excellent trading position, there is potential for other types of cuisine including tapas, Spanish, Chinese, etc, if desired.

Forecourt with parking for 1 car

To the rear of the parade is a large Public Car Park (free to park after 6 p.m)

ATTRACTIVE SINGLE FRONTED RESTAURANT with laminated strip floor., ceiling lighting. 4 air conditioning/heating units. Quality tables and chairs providing seating for 60 persons. BAR with double door counter fridge, sink.

Disabled/Ladies' Cloakroom with w.c. and wash hand basin.
Gentlemen's Cloakroom with w.c. and wash hand basin.

LARGE KITCHEN with tiled floor and tiled walls. Equipment includes Tandoori oven, 6-burner gas cooker, microwave oven, 2 upright stainless steel fridges, 2 chest deep freezers, double sink and drainer, wash hand basin.

The vendor is going to build a ground floor stockroom

Turnover

WE ARE INFORMED the turnover averages 3,500 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further development in the right hands. Gross profit 60% approx.

Staff

The business is at present operated by the vendor. Staff employed - kitchen area 2 full time chefs plus 1 cook Friday & Saturday. Restaurant area - 1 full time waiter plus 1 part time waiter Friday, Saturday & Sunday plus 1 part time delivery person.

Trading Hours

Sunday & Monday - 5.30 p.m. - 10.30 p.m.
CLOSED ALL DAY TUESDAY
Wednesday & Thursday - 5.30 p.m. - 10.30 p.m.
Friday & Saturday - 5.30 p.m. - 12 midnight

Accommodation

The ACCOMMODATION, situated on the FIRST FLOOR, with FULL GAS FIRED CENTRAL HEATING, comprises:

1 Large front room
1 Additional small room
Shower room with shower, wash hand basin
Separate w.c.

Outside

Small yard

Tenure

The vendor owns the freehold and, subject to satisfactory references, is prepared to grant a new 12 years' full repairing and insuring lease in respect of the restaurant with first floor accommodation at a rental of 22,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. Alternatively should the first floor accommodation not be required, the vendor, subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease in respect of the restaurant only at a rental of 20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates 4,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.

MUST BE SEEN TO BE FULLY APPRECIATED.

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS, 70,000 plus STOCK AT VALUATION.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 35,000 (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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