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Reference R6872

Indian Restaurant in Eastbourne For Sale

Indian Restaurant in Eastbourne For Sale
Buy a Indian Restaurant in Eastbourne For Sale Sell a Indian Restaurant in Eastbourne For Sale

Register to see map and to make an appointment Sought after Waterfront position, overlooking yachting basin, sought after residential area, EAST SUSSEX EASTBOURNE

Turnover 9,000
Price 95,000

Features

Attractive well Equipped Licensed Restaurant

Established for approximately 9 years 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, if desired.

Patio area with tables & chairs for 12 persons

IMPRESSIVE & SPACIOUS RESTAURANT, woodstrip floor, attractive ceiling & wall lighting. 2 air conditioning/heating units. Tables & chairs providing seating for 94 persons (can be increased to accommodate 110 persons, if desired). BAR with 2 hand pumps, 1 3-door glass fronted counter fridge, computerised till, sink, glasswasher, 1 stainless steel deep freezer for ice cream, 2 glass fronted wine fridges.

LEVEL KITCHEN with non-slip floor. Well equipped including 2 Tandoori ovens, 1 double deep fryer, 1 12-burner gas cooker with ovens, 1 commercial plus 3 domestic microwave ovens, 2 3-door stainless steel counter fridges, 1 walk-in coldroom, double sink & drainer, wash hand basin etc.

Ground floor store area with 1 upright double door stainless steel fridge, 1 single door stainless steel chiller etc.

Fully tiled ladies' cloakroom with w.c. wash hand basin, electric hand dryer
Fully tiled gentlemen's/disabled cloakroom with w.c. wash hand basin, electric hand dryer

Turnover

WE ARE INFORMED the turnover averages in the region of 9,000/9,500 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The Restaurant is operated by 1 of the partners. Staff employed restaurant area 3 full time waiters plus 3 part time waitresses. Kitchen area 3 chefs plus 1 full time kitchen porter.

Trading Hours

Winter i.e. October - February
Monday - Saturday inclusive - 11.30 a.m. - 2.30 p.m. & 5.30 p.m. - 10.30 p.m.
Sunday opening - 12 noon - 10.30 p.m.

Summer months
Sunday - Thursday inclusive - 11.30 a.m. - 10.30 p.m.
Friday & Saturday - 11.30 a.m. - 12 midnight
(It should be noted the restaurant offers a buffet Sunday lunch time)

Tenure

We understand the premises are held on a secure renewable lease for a period of 25 years from 2010 at a current rental of 25,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years. In addition we understand there is a service charge currently of 13,000 p.a.

Uniform Business Rates: 4,400 p.a. approx.

Price

TO INCLUDE THE VALUABLE LEASE, GOODWILL, FIXTURES & FITTINGS 95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 47,500 (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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