Licenced Indian Restaurant in Essex For Sale

Situated in a parade, main road trading position, residential areal, ESSEX

Turnover £ 9,000
Price £165,000

Features

Well Fitted Indian Restaurant

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, wood strip floor, spot and wall lighting, Bar, EPOS till, 1 tap, 3 x LED Screens, Tables and chairs providing seating for 40 People, CCTV system (14 cameras).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 6-burner), 2 x 32" Range Cooker, grill, 5 x fridge, freezer, 3 x preparation table, plate warmer, bain marie, 4 sinks, dishwasher, 2 x microwave oven

Walkin coldroom.

2 Toilets with w.c. and wash hand basin.

2 x Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 - £10.000 p.w. with a Gross profit of 65% approx. (30% ONLINE SALES)

Staff

The business is at present operated by 4 chefs and 6 full time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 5pm - 11pm

Outside

Parking space for 1/2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £24,000 p.a.

Business Rates from April 2025 £450 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote