Indian Restaurant and Bar in West Midlands For Sale

Occupying a prestigious corner position, excellent trading position, residential, office and commercial area, West Midlands.

Turnover £ 7,500
Price £62,000

Features

Freehouse & Indian Restaurant with Takeaway

5 STAR HYGIENE RATING

PROMINENT DOUBLE FRONTED AIR CONDITIONED PREMISES, CCTV (10 cameras), Tiled and carpet flooring, plasterboard ceiling with feature lighting.

2 Bars - EPOS cash register, 10 beer pumps, under counter fridges, ice maker, mirror backed shelving,glass washer, wash hand basin, etc.

Bar stalls, tables and chairs seating 35 customers.


RESTAURANT.

Tables and chairs seating 35 people.

Ladies cloakroom with toilet and wash hand basin.

Gentleman's cloakroom with toilet and wash hand basin.


KITCHEN.

Stainless steel extractor, 6 burner hob, double basket deep fat fryer, single basket deep fat fryer, tandoori oven, 2 microwaves, plate warmer, single door freezer, 1 under counter fridge, 2 single door fridge, display freezer, double sink and drainer, wash hand basin, stainless steel preparation table, etc.

CELLAR used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a Gross profit of 50% approx. (£4,500 Drinks, £3,000 Food)

Staff

The business is at present operated by the vendor with 2 full time staff and 1 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 3 p.m. - 11 p.m.
FRIDAY, SATURDAY & SUNDAY 1 p.m. - 11 p.m.

Accommodation

THE ACCOMMODATION entrance via the business comprising;

4 Bedrooms (3 doubles, 1 single).

Bathroom with bath, toilet and wash hand.

Outside

BEER GARDEN with customer seating.

CAR PARK for 10 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) at a current rent of £19,800 p.a. plus VAT granted for 20 years in 2024 with reviews every 3 years (next review 2027)

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £62,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 31,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote