Licensed Indian Restaurant in Surrey For Sale

In a parade, busy road close to Railway Station, sought after residential area, SURREY.

Turnover £ 5,000
Price £120,000

Features

Licensed Indian Resturant and Takeaway with Flat

6 DAYS OPENING
4 STAR HYGIENE RATING

SINGLE FRONTED AIR CONDITIONED PREMISES WITH ELECTRIC SHUTTERS, Laminate flooring(wood effect), plaster board ceiling with spot and pendant lighting.

Customer waiting area.

Tables and chairs seating 38 people.

Bar, electric cash register, 2 under counter fridges, wash hand basin.

Kitchen - Stainless steel extractor, 9 burner cooker, tandoori oven, hot plate, microwave, commercial blender, mixer, 2 double door fridges, single door fridge, 3 chest freezers, double sink and drainer, stainless steel preparation table, etc.

Ladies cloakroom with toilet with wash hand basin.

Gentleman's cloakroom with toilet with wash hand basin.

Stairs to Basement, used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor on a part time basis and 4 full time staff employed.

Trading Hours

6 Day week
TUESDAY - SUNDAY 5 pm - 10 pm
CLOSED MONDAYS

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to Flat above comprising;

5 Bedrooms (2 large doubles, 2 standard doubles and 1 single bedroom)
Bathroom with bath, wash hand basin and toilet.
Shower room with shower, sink and toilet.
Fitted Kitchen

At present let on a tenancy providing a rental income of £2,000 per month. If require vacant possession will be granted.

Outside

Yard with parking for 2 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the Landlord will grant, to an approved applicant, a NEWSECURE RENEWABLE lease for 15 years with reviews every 5 years at an initial rent of £42,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1993, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNER'S ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE 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