Indian Restaurant in Gloucestershire For Sale

Situated in a parade, residential area GLOUCESTERSHIRE

Price £80,000

Features

Established Indian Restaurant

Established approximately 2009 as Indian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine including Turkish, Chinese if desired.

LARGE CAR PARK FOR APPROXIMATELY 100 CARS FOR THE PARADE

SPACIOUS RESTAURANT in the region of 2,350 ft² with Karndean floor. 2 air conditioning units. Tables & chairs providing seating for 70 persons. BAR with 1 hand pump, 2 glass fronted counter fridges, sink.

Disabled cloakroom with w.c. & wash hand basin
Ladies' cloakroom with 2 w.c's, 1 wash hand basin
Gentlemen's cloakroom with urinal, w.c. & wash hand basin

LARGE LEVEL KITCHEN with tiled floor & tiled walls, Tandoori oven, 1 9-burner gas cooker with oven, 1 5-burner gas cooker with oven, 2 double door stainless steel fridges, 1 single door stainless steel fridge, 2 deep freezers, 2 stainless steel tables, 2 double sinks with drainers, 2 single sinks with drainers etc.

Turnover

We are advised by the vendor the business enjoys a lucrative turnover, full details will be discussed upon inspection.

Staff

At present operated by the vendor with the assistance of 5 full time & 3 part time staff.

Trading Hours

6 Days per week
5 p.m. - 11 p.m.
CLOSED TUESDAY

Outside

Parking at rear for approximately 7 cars

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15/20 years lease, 5 yearly reviews, at a rent of £17,500 p.a.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009 AND THERE ARE GENUINE REASONS FOR SALE

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote