Licensed Indian Restaurant in Hythe For Sale

Excellent, first floor, trading position, HYTHE, KENT

Turnover £ 4,500
Price £60,000

Features

Licensed Indian Restaurant

6 DAYS OPENING

Trading for the last 8 years as Indian cuisine, which could obviously be continued & in our opinion there is terrific potential for other types of cuisine, if desired.

Entrance to FIRST FLOOR SPACIOUS RESTAURANT with full gas fired central heating, carpet flooting, plasterboard ceiling with pendant lighting.

Tables & chairs providing seating for 55 persons.

BAR with 1 hand pump, electric cash register, 2 under-counter fridges, sink, glasswasher.

Ladies' cloakroom with 2 w.c's, 1 wash hand basin
Gentlemen's cloakroom with 2 urinals, 1 cubicle. w.c. & wash hand basin

FUNCTION ROOM with separate entrance seating for 20 people.

LEVEL KITCHEN - Stainless steel extractor, 12 burner range, double basket deep fat fryer, 2 tandoori ovens, bain marie (5 pot), 2 microwaves, grill, heated cabinet, 2 large commercial fridges, 2 chest freezers, under counter frrerzer, 2 under counter fridges, 3 single doort drinks fridge, fridge/freezer, stainless steel preparation table, double sink and drainer, single sink, etc.

Dry store.

Cupboard for cleaning equipment.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. - £5,000 p.w. with a Gross profit of 60% approx.

We are advised, presently, NO DELIVERIES are undertaken.

Staff

The business is at present operated by the Manager with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY, WEDNESDAY, THURSDAY & FRIDAY 5.30 p.m. - 10 p.m.
SATURDAY & SUNDAY 12 - 4 p.m. THEN 5 p.m. - 11 p.m.
CLOSED TUESDAYS

liCESNSED 11 a.m. - 11.30 p.m.

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 2018 with reviews every 4 years (next review 2028) at a current rent of £12,500 p.a.

Business Rates from April 2025 £1,000 approx. Eligible for exemption for qualifying buyers (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote