Indian Restaurant in Cranbrook For Sale

Busy road, sought after residential area near CRANBROOK, KENT

Turnover £ 8,000
Price £85,000

Features

Virtually Detached Licensed Restaurant

At present Indian cuisine which could obviously be continued & in our opinion there is terrific potential for other types of cuisine, including possibly Turkish, Chinese or Pizzas, if desired.

FORECOURT WITH SPACE FOR 2 CARS

SPACIOUS SINGLE FRONTED RESTAURANT carpeted, ceiling with inset spotlighting, hanging lighting plus 1 chandelier. Well appointed including BAR plus seating for customers' waiting. NEWLY FITTED RESTAURANT with quality tables & chairs providing seating for 72 persons.

Fully tiled ladies' cloakroom with w.c. & wash hand basin
Fully tiled gentlemen's cloakroom with urinal, w.c. & wash hand basin

LEVEL KITCHEN with quality tiled floor, Tandoori oven, stainless steel extractor, gas cooker, double sink & drainer, wash hand basin etc.

Stairs to large basement with tiled floor, walk-in coldroom, shelving

Turnover

WE ARE INFORMED the turnover is in the region of £8,000 p.w. including takeaway from vendor's own website, not on Just Eat, in our opinion offering further potential to increase in the right hands.

Staff

The restaurant is at present operated by the owner at weekends with staff employed. Kitchen area 3 chefs plus 2 additional kitchen staff. Restaurant area 5 waiters.

Trading Hours

Sunday - Thursday inclusive - 12 noon - 2 p.m. & 5 p.m. - 10 p.m.
Friday & Saturday - 12 noon - 2 p.m. & 5 p.m. - 11 p.m.

Accommodation

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin (new suite)

There is also a storeroom on the first floor

Stairs to ATTIC.
Additional spacious bedroom plus
Bathroom with bath, w.c. & wash hand basin

Tenure

We understand the premises are held on a secure renewable lease for a period of 25 years from February, 2016 at a rental of £23,000 p.a. exclusive of rates up to February, 2026 with rent review at that time and thereafter every 5 years.

We are advised the Landlord requires a 6 months rent deposit.

Uniform Business Rates: NIL after 100% small business relief.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND OFFERED FOR SALE DUE TO OTHER BUSINESS INTERESTS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

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

The Purchaser is to be resonsible for ALL LEGAL FEES.

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