Licensed Indian Restaurant in Hertfordshire For Sale

Situated in a parade, excellent trading position, HERTFORDSHIRE

Turnover £ 8,000
Price £175,000

Features

Licensed Southern Indian Restaurant

6 DAYS OPENING

LISTED BUILDING

DOUBLE FRONTED PREMISES, in the region of 625 ft², WITH ELECTRIC SHUTTERS, woodstrip floor, beams to ceiling, ceiling & wall lighting. 2 air conditioning/heating units.

Tables & chairs providing seating for 48 persons.

BAR, electric cash register, draft beer pump, glass fronted counter fridges, wash hand basin.


FIRST FLOOR KITCHEN, in the region of 525 ft², with dumb waiter to ground floor restaurant. The kitchen has a non-slip floor and is well equipped including stainless steel extractor, 8-burner gas cooker with 2 ovens, 2 bain maries, griddle, single basket deep fat fryer, 6 deep freezes, dishwasher, double sink plus additional single sink, stainless steel prepartion table, etc.

Walkin fridge.


Stairs to BASEMENT in the region of 700 ft²;

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. and wash hand basin.

Storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. (25 % delivery) with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 5 full time and 3 part time staff employed.

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

Trading Hours

6 Day week
TUESDAY TO SUNDAY 12 noon - 3 p.m. re-opening 6 p.m. - 11 p.m.
CLOSED MONDAY

Accommodation

The accommodation with FULL GAS FIRED CENTRAL HEATING is at present utilized by staff & comprises:

3 Bedrooms (1 doubles, 2 single)
Bathroom with bath, w.c. and wash hand basin

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2026 with reviews every 5 years at a current rent of £25,000 p.a. with ANNUAL INCREASES of £1,000 p.a. until 2031, with reviews every five years thereafter.

Business Rates from April 2025 £3,740 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013 AND OFFERED FOR SAALE DUE MTO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote