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Reference R6808

Indian Restaurant in Upminster For Sale

Register to see map and to make an appointment Situated in a parade, busy road, ESSEX UPMINSTER

Turnover 4,500
Price 120,000

Features

Licensed Indian Restaurant

ATTRACTIVE RESTAURANT with laminated strip floor. Tables & chairs providing seating for 46 persons. BAR with 1 hand pump, upright glass fronted fridge.

Fully tiled ladies' & gentlemen's cloakrooms

FULLY EQUIPPED LEVEL KITCHEN with quality tiled floor, tiled walls, extractor system, Tandoori oven, 10 burner gas cooker.

Storeroom 1 deep fryer

Turnover

WE ARE INFORMED the turnover averages 4,500/5,000 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

At present operated by the vendor's brother (manager) with the assistance of 2 chefs, 1 kitchen porter plus 1 additional kitchen help at weekends. Restaurant area 3 full time waiter plus 2 part time waiters who also undertake deliveries.

Trading Hours

5 p.m. - 11 p.m. seven evenings per week

Accommodation

The SELF CONTAINED accommodation is at present let on a shorthold tenancy & provides a rental income of 866 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen with fitted units

Outside

Small yard

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of 22,000 p.a. exclusive of rates for the next 5 years with rent review at that time and thereafter every 5 years.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (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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