Indian Restaurant in Gloucestershire For Sale

Detached property, excellent trading position, residential, office and commercial area, Gloucestershire.

Turnover £ 4,000
Price £112,500 / £575,000

Features

Restaurant & Takeaway

6 DAYS OPENING
5 STAR HYGIENE RATING
Tremendous scope with adding alcohol.

PREMISES in the region of 1,335 ft² Kardean flooring, ceiling with spot lights, Air conditioning with hot air. Bar with seating for 15 People, EPOS till, Tables and chairs providing seating for 80 People, etc.

Kitchen with stainless steel extractor unit, Tandoori oven, 9-burner gas Cooker, 3 x fridge, 2 x freezer, 2 x microwave, larger stainless steel preparation table, double sink and drainer, sink, greece trap, etc

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx. The accounts for April 2023 show sales of £165,415 with a Gross Profit £107,153

Staff

The business is at present operated by the 3 partners with 2 full time staff & 1 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 5pm - 10pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. We are informed the council tax payable last year was £1,500 p.a. approx. The accommodation comprises:

Kitchen.
Lounge.
5 Bedrooms (4 double, 1 Single).
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear yard with 3 metal storage sheds with electrric

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a strating rent of £40,000 p.a. (As will be appreciated with the rental income currently of £18,000 p.a. in respect of the self contained accommodation, there is in fact at the present time a rental of £22,000 p.a).

Business Rates from April 2024 £3,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1985, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £112,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £575,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 56,250 (lease) £ 402,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote