Licensed Indo/Chinese Street food Restaurant in Middlesex For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 6,000
Price £115,000

Features

Staff Run Licensed Vegetarian Indo / Chinese Streetfood Restaurant & Takeaway and Asian Confectionary

5 STAR HYGIENE RATING

Tier 2 Sponsorship license to sponsor foreign worker.

SINGLE FRONTED PREMISES in the region of 1,200 ft² with ELECTRIC SHUTTERS & AWNING. CCTV (8 cameras). Tiled floor, suspended celining with LED light panels and spot lights. Tables and chairs seating 50 persons. TOLD VENDOR screen menus, tablet ordering system and printer. Sales counter, touch screen tills, coffee machine, fridge for beer and soft drinks.

KITCHEN. Stainless steel extractor with canopy, custom made gas pizza oven 1.5m sq, 6 burner hob, tandoori oven, pizza topping station with bins and marble counter, dough mixer, dough roller, ice cream machine, ice cream display freezer, chest freezer with stainless steel top, conveyor toaster, dishwasher, double sink and drainer, milkshake machine, blender, waffle machine, 2 stainless steel preparation tables.

Walk-in freezer
Walk-in fridge

Cloakroom with disabled access, toilet, sink and mirror

Staffroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx. (90% eat in, 10% delivery)

Staff

The business is at present COMPLETELY STAFF RUN operated by the duty manager, 4 full time staff. We are informed the wage bill averages £2,500 p.w. approx.

The business has a Tier 2 Sponsorship license to sponsor foreign worker.

Trading Hours

7 Day week
MONDAY - FRIDAY 11 a.m - 11 p.m
SATURDAY & SUNDAY 8.30 a.m. - 11 p.m.

We understand the premises has a 2 a.m licence, not utilised at present

Tenure

New 15 years lease will be granted on completion, at a starting rent of £35,000 p.a., with 3 yearly rent reviews

Business Rates from April 2024 £1,500 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 57,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote