Licensed Indian Restaurant in Lincolnshire For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, Lincolnshire.

Turnover £ 3,500
Price £35,000

Features

Licensed Indian Restaurant and Takeaway

6 DAYS OPENING
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 850 ft² with carpet tiled floor, ceiling with hanging lights. Bar, EPOS till. Tables and chairs providing seating for 30 People, CCTV system (5 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Tandoori oven, grill, microwave, oven, fridge, freezer, Gas 6-burner Cooker, preparation table.

Staff Staff Toilet with w.c. and wash hand basin.

First floor Functions room with Tables and chairs providing seating for 50 People.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (including deliveries)

Staff

The business is at present operated by 3 full time staff employed and 2 part time staff.

Trading Hours

6 Day week
WEDNESDAY - MONDAY 5pm - 11pm

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Side Driveway for 2 cars

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £9,600 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote