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Reference R2168

Licensed Indian Restaurant in Surrey For Sale

Register to see map and to make an appointment Situated in a parade, sought after residential area, wealthy SURREY locality

Turnover 7,750
Price 120,000

Features

Attractive Licensed Restaurant

Established as Indian cuisine for approximately 20 years. This cuisine could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

Service road in front of parade (restricted to 1 hour during the day, however free in the evenings). In addition there is a public car park to the rear of the parade (free for up to 3 hours daytime & free in the evening).

ATTRACTIVE & SPACIOUS DOUBLE FRONTED RESTAURANT ceiling with inset lighting plus hanging lighting, woodstrip floor. Tables & chairs providing seating for 46 persons. BAR with 2 double door glass fronted counter fridges.

To the rear of the restaurant is an additional seating area with tables & chairs for approximately 30 persons, ideal for parties & functions.

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

LEVEL KITCHEN with quarry tiled floor, tiled walls. The equipment includes Tandoori oven, 9-burner Chester cooker with 2 ovens, 1 microwave oven, 1 double door stainless steel fridge, 1 single door stainless steel fridge, 2 chest deep freezers, double sink & drainer etc.

Storeroom

Turnover

WE ARE INFORMED the turnover averages 7,500/8,000 p.w. including takeaway.

Staff

The business is at present operated by the vendor (front of house) with 6 full time and 2 part time staff employed.

We are informed the wage bill averages 3,500p.w. approx.

Trading Hours

7 Day week
MONDAY - THURSDAY 5.30 pm - 10.30 pm
FRIDAY 5.30 pm - 11 pm
SATURDAY 12 NOON - 2 p.m. 5.30 pm - 11 pm
SUNDAY 12 NOON - 2 p.m. 5.30 pm - 10.30 pm

Accommodation

The accommodation at present used by staff comprises:

First Floor
2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Kitchen

Second Floor
3 additional bedrooms (2 doubles, 1 single)

Outside

Yard with car parking for 3 cars

Tenure

We understand the entire premises are held on a secure renewable lease for a period of 20 years from February 2007 at a current rental of 29,000 p.a. exclusive of rates up to February, 2022 with rent to be agreed for the remainder of the lease.

We are advised the Landlord will accept surrender of the existing lease and, to an approved applicant, grant a new lease at terms to be agreed.

Uniform Business Rates: 3,000 p.a. approx. (after small business relief)

THE RESTAURANT HAS BEEN IN THE SAME FAMILY FOR THE PAST 17 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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