Licenced Indian Restaurant in Hertfordshire For Sale

Situated in a parade, busy road, HERTFORDSHIRE

Turnover £ 4,500
Price £70,000

Features

Licenced Indian Restaurant and Takeaway

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,200 ft² with wood strip floor, suspended ceiling with spot lights, Air conditioning with hot air. Bar, cash register, CCTV system (4 cameras, 1 monitor), 2 x drinks display fridge (glass fronted). Tables and chairs providing seating for 46 People (can be expanded).

Kitchen with stainless steel extractor unit, Tandoori oven, Gas 9-burner Cooker, 2 microwave, 2 hot plate, large stainless steel preparation table, stainless steel preparation table, fridge, 2 x deep freeze, double sink and drainer

Walkin coldroom.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx. (65% ONLINE ORDERS)

Staff

The business is at present operated by the vendor with 4 full time & 1 part time staff.

Trading Hours

7 Day week (LICENCED TILL 12.30AM)
MONDAY - SUNDAY 5.30pm - 11pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2013 with reviews every 5 years (next review 2028) at a current rent of £24,000 p.a.

Business Rates from April 2024 £1,100 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote