Exquisite Indian Restaurant in Wiltshire For Sale

Situated in a parade, main road trading position, residential and commercial area, WILTSHIRE

Turnover £ 1,750
Price £85,000

Features

Exquisite Specialist Sri Lankan and South Indian Restaurant - Recently Reopened


4 DAYS OPENING

2 A.M. LICENCE

SINGLE FRONTED PREMISES, in the region of 400 ft², laminate flooring, plasterboard ceiling with pendant and wall lights.

Tables and Chairs seating 30 people.

Bar - Electric cash register, upright fridge for beer and wines, glass washer, 6 draft beer pumps, wash hand basin, display chiller and glass fronted hot cabinet.

Two customer cloakrooms (one with disabled access) with toilet and wash hand basin.

SEPARATE KITCHEN- Stainless steel extractor, 8 burner hob, grill, pizza oven (electric), plate warmer, microwave, stainless steel fridge, stainless steel preparation table, double sink and drainer, etc.

REAR PREPERATION AREA / STORAGE - Large fridge, upright freezer, dishwasher, double sink and drainer, 2 stainless steel preparation tables, shelving, etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. - £2,000 p.w. with a Gross profit of 65% approx.

In addition with the accommodation let the vendor receives an additional income of £720 p.a.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

4 Day week
THURSDAY - SUNDAY 5.30pm - 10.30pm
We are advised the premises is licence to open until 2am.

There is potential and demand for longer opening hours.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the right of the shop to Flat above;

First floor.

Kitchen

Bathroon with bath, toilet and wash hand basin.

2 double bedrooms.

Second Floor

Large double bedroom

At present let on a room by room basis providing a rental income of £1,600 per month

Outside

Yard with bin store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2019 with reviews every 3 years (next review 2028) at a current rent of £18,480 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote