Indian Restaurant in Somerset For Sale

Town Centre, excellent trading position, close to new Cinema development, residential, office and commercial area, Somerset.

Turnover £ 7,000
Price £150,000

Features

Modern Licensed Indian Restaurant

4 STAR HYGIENE RATING

Modern double door entrance large premises (in the region of 2,275 ft²), Laminate wood flooring, plasterboard ceiling with spotlights.

Customer reception area.

Tables and Chairs seating 90 people.

Bar - EPOS cash register, coffee machine, under counter fridges, 1 beer pump, ice machine, mirror backed shelving, wash hand basin.

Ladies cloakroom with toilet and wash hand basin.
Gentleman's cloakroom with toilet and wash hand basin.


Professional catering Kitchen - Tile flooring, tube lighting.

Stainless steel canopy, 2 x 5 burner cookers, tandoori oven, microwaves, 2 hot cupboards, plate warmer, fridges, freezers, stainless steel preparation tables, double sink and drainer, etc.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with the assistance of 4 full time and 3 part time staff.

We are informed the wage bill averages £2,500p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 5 pm - 10 pm

Accommodation

THE ACCOMMODATION entrance via the business and independent access to Flat above comprising;

4 bedrooms (2 double, 2 single).
Shower room - Shower, toilet and wash hand basin.
Separate toilet.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2022 at a rental of £24,000 pa with a break clause at the 3 year anniversary with no rent reviews.

Business Rates from April 2024 £1,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote