Contemporary Indian Restaurant in Hampshire For Sale

Situated in a Parade, excellent trading position, residential and commercial area, Hampshire.

Turnover £ 4,500
Price £74,500

Features

Contemporary Licensed Indian Restaurant

4 SRAT HYGIENE RATING

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 950 ft² - Cctv (3 cameras), Hardwood flooring, suspended ceiling with LED spotlights.

Customer waiting area.

Tabls and chairs seating 50 people.

Bar - EPOS cash register, 2 beer pumps, coffee machine (2 group), grinder, knock out drawer, under counter fridges, wash hand basin, glass washer, etc

Customer cloakroom with toilet and wash hand basin.

SPERATED KITCHEN - Stainless steel extractor, Clay over, 12 burner cooker, conduction oven, double basket deep fat fryer, bain marie (4 pot), heated cabinet, 2 microwaves, 3 chest freezers, under counter fridge, double sink and drainer, stainless steel preparation tables, etc.

Walkin cold room.

Large store room, shelves, 2 freezers.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. - £5,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with the assistance of 5 full time staff employed.

We are informed the wage bill averages £2,500 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 5 p.m. - 11 p.m.
SUNDAY 7am - 1pm

Outside

Parking for 5 cars.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £21,600 p.a.

Business Rates from April 2025 £2,400 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £74,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote