Licensed Restaurant and Takeaway in Gloucestershire For Sale

Excellent trading position, sought after GLOUCESTERSHIRE TOWN

Turnover £ 4,000
Price £75,000 / £575,000

Features

Attractive Licensed Indian & Bangladeshi Restaurant

Trading as Indian and Bangladeshi cuisine for approximately 18 years, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

RECENTLY REFURBISHED SINGLE FRONTED RESTAURANT with laminated strip floor, wall & ceiling lighting. Tables & chairs providing seating for 50 persons. BAR with 1 hand pump, single door glass fronted counter fridge, sink.

Fully tiled ladies' & gentlemen's cloakrooms

LEVEL KITCHEN with tiled floor & tiled walls. 6-burner gas cooker, Tandoori oven, 3 microwave ovens, 4 chest deep freezers, 1 upright deep freezer, 1 fridge/freezer, double sink & drainer etc.

Turnover

WE ARE INFORMED the turnover averages £4,000 p.w.

Staff

The business is at present operated by a husband & wife team with the assistance of 3 full time staff. Wages paid £1,200 p.w.

Trading Hours

6 DAYS PER WEEK
Monday - Saturday inclusive - 6 p.m. - 10.30 p.m.
CLOSED SUNDAY

Accommodation

The SPACIOUS living accommodation comprises:

5 Double Bedrooms (2 of which have en suite shower room with shower, w.c. & wash hand basin)
In addition there is a bathroom with bath, w.c. & wash hand basin
Kitchen

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

THIS OLD ESTABLISHED RESTAURANT HAS BEEN IN THE SAME HANDS SINCE 2010 AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £575,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) £ 402,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote