Licensed Indian Restaurant in Maidstone For Sale

Sought after residential village, YALDING, approx. 4 miles from Paddock Wood and 6 miles from Maidstone, KENT.

Turnover £ 6,250
Price £79,500

Features

Licensed Indian Restaurant

5 STAR HYGIENE RATING

Forecourt to front with parking for 4 vehicles

SINGLE FRONTED PREMISES, in the region of 950 ft². CCTV (6 cameras), Hardwood flooring, plasterboard ceiling with pendant and wall lights.

Customer waiting area.

Tables and chairs seating 40 people.

Bar - EPOS cash register, under counter fridges, ice machine, wash hand basin, mirror backed shelving, etc.

Ladies cloakroom with toilet and wash hand basin
Gentlemen's cloakroom with toilet and wash hand basin (disabled access)

Separate Kitchen - Stainless steel extractor, 9 burner hob, oven, tandoori oven, 2 microwaves, deep fat fryer, 2 plated warmers, heated cabinet, 2 fridges, chest freezer, double sink and drainer, stainless steel preparation table, etc.

Stairs to first floor

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. - £6,500 p.w. (80% deliveries) and a Gross profit of 55% approx.

Staff

The business is at present operated by the vendor with 7 full time staff employed.

We are informed the wage bill averages £2,700p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 2.30 p.m. 5.30 p.m. - 11 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION comprising;

First floor;

3 Bedrooms (2 doubles and 1 single)
Bathroom with bath, toilet and wash hands basin.

Stairs to second floor;

2 double bedooms.
Bathroom with bath, wash hand basin and toilet.

Outside

Roof terrace with shed.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) at a current rent of £28,000 p.a. granted for 25 years in 2005 with 5 years left to run at a current rent of £28,000 p.a.

We are advised the Landlord is prepared to grant, to an approved applicant, a new lease at terms to be agreed.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND OFFERED FOR SALE SOLELY DUE TO OWNER'S RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote