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Reference R3414

Indian Restaurant and Takeaway in Harwich For Sale


Register to see map and to make an appointment Sought after position, near COLCHESTER, ESSEX HARWICH

Turnover 7,000
Price 140,000 / 650,000

Features

Spacious Detached Licensed Restaurant

Previously trading as a Freehouse and now operated as a Licensed Indian Restaurant.

Car Park front & rear for approximately 18 cars

GROUND FLOOR entrance to SPACIOUS RESTAURANT with woodstrip floor plus restaurant partly tiled, wall & ceiling lighting. Tables and chairs providing seating for 89 persons. BAR with 3 hand pumps, 3 counter fridges.

LEVEL KITCHEN with 2 entrances. The equipment includes Tandoori oven, 10-burner gas cooker, 1 microwave oven, double sink and drainer, walk-in coldroom, deep freeze etc.

Fully tiled ladies' cloakroom with 2 w.c's, 2 wash hand basins
Fully tiled gentlemen's cloakroom with w.c. 3 urinals, wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor on a part time basis with 8 full time and 2 part time staff.

Trading Hours

12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m. seven days per week

Accommodation

The SPACIOUS living accommodation comprises:

6 Double Bedrooms
2 Shower rooms each with shower, w.c. and wash hand basin
2 Additional Bathrooms with bath, w.c. and wash hand basin
Large Living Room/Kitchen

It should be noted that 3 of the rooms are at persent let on shorthold tenancies and provide a rental income of 100 p.w. each, however, we understand that vacant possession can be given on completion, if required.

Outside

Car parking for approximately 18 cars

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of 31,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 8,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 650,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 70,000 (lease) 455,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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