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Reference R5306

Indian and Chinese Fusion Restaurant in Maldon For Sale

Register to see map and to make an appointment Excellent main road trading position, sought after town, ESSEX MALDON

Turnover 6,000
Price 120,000

Features

Spacious Detached Licensed Restaurant

Outstanding opportunity to acquire a spacious fully fitted Licence Restaurant at present Fusion, Indian & Chinese cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine including Turkish cuisine, if desired.

CAR PARK FOR APPROXIMATELY 12 CARS & with the advantage of a PUBLIC CAR PARK for 80 cars situated approximately 50 yards from the restaurant (Pay & Display daytime, however we understand free parking in the evening)

GRADE II LISTED BUILDING

2 entrances to SPACIOUS MOST ATTRACTIVE RESTAURANT with partly beamed ceiling & beamed uprights, ceiling with inset lighting. 4 air conditioning units. Quality tables & chairs providing seating for 80/100 persons. ATTRACTIVE SOLID WOOD BAR, 1 hand pump, 2 glass fronted double door counter fridges, electronic cash register, mirror-backed shelving.

Ladies' cloakroom with tiled floor, 2 w.c's, 2 wash hand bowls, large mirror
Gentlemen's cloakroom with tiled floor, 3 urinals, 2 wash bowls, large mirror

LEVEL KITCHEN with quarry tiled floor. Well equipped including stainless steel extractor system, 8-burner Chester gas oven, Tandoori oven, 7-burner Chinese cooker, stainless steel hot cupboard, deep fryer, stainless steel table, upright stainless steel fridge, additional fridge, double sink & drainer

Storeroom with 2 chest deep freezers plus upright fridge

Turnover

WE ARE INFORMED the turnover currently averages 6,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further development in the right hands.

Staff

At present operated under management. Staff employed - restaurant area 3 waiters plus 1 part time waiter plus 1 part time staff for deliveries. Kitchen area 2 full time chefs plus 2 kitchen staff. It will be appreciated upon inspection that with more active owners, the wage bill could be reduced.

Trading Hours

Evenings only -
Monday - Thursday inclusive - 5.30 p.m. - 11 p.m.
Friday & Saturday - 5.30 p.m. - 11.30 p.m.

Accommodation

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING is at present used by staff & comprises:

4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin

Outside

From the restaurant there is access to an attractive Courtyard area, ideal for tables & chairs (weather permitting).

To the rear of the restaurant is car parking for approximately 12 cars

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of 26,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 9,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 or near offer 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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