Indian Restaurant in Bury St Edmunds For Sale

Situated end of parade, town centre position & close to bus station BURY ST. EDMUNDS, SUFFOLK

Turnover £ 7,500
Price £120,000

Features

Well Equipped Indian Restaurant

DOUBLE FRONTED RESTAURANT, tiled floor, suspended ceiling with ceiling lighting. Tables & chairs providing seating for 36 persons (can be increased). Counter.

OPEN PLAN KITCHEN with tiled floor, tiled walls, stainless steel extractor system, Tandoori oven, 1 stainless steel fridge, 2 additional fridges, 1 12-burner gas cooker with 2 ovens, 2 stainless steel tables, double sink & drainer etc.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages £7,000/£8,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence.

Staff

The business is at present operated by the vendor with the assistance of 5 full time staff plus 3 additional part time staff at weekends. In addition 2 part time drivers are employed for deliveries.

Trading Hours

5 p.m. - 11 p.m. seven days per week

Accommodation

Available as an OPTIONAL EXTRA at a rental of £475 per month is a FIRST FLOOR STUDIO FLAT, comprising:

Lounge/Kitchen area bedroom
Bathroom with bath, w.c. & wash hand basin

Tenure

We understand the restaurant premises are held on a secure renewable lease, the present lease having approxiately 14 years unexpired at a current rental of £16,700 p.a. exclusive of rates. We understand from the present owner that the rent is fixed with no rent reviews for the term of the lease.

Uniform Business Rates: £2,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 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