Licensed Restaurant in Berkshire For Sale

Situated in a parade, busy road, sought after position, BERKSHIRE.

Turnover £ 5,250
Price £110,000

Features

Licensed Indian Restaurant

5* Hygiene Rating

DOUBLE FRONTED PREMISES, in the region of 1,275 ft², Tiled flooring, suspended ceiling with spotlights.

Tables and chairs seating 70 people.

Bar - Electric cash register, under counter fridges, glass washer, wash hand basin.

Ladies & Gentleman's cloakrooms.

Disabled cloakroom with toilet and sink.

Separate Kitchen - Lino floor, tube lighting.

Stainless steel extractor, 6 burner cooker, oven beneatth, tandoori oven, microwave, single basket deep fat fryer, 4 chest freezers, 4 fridges, double sink and drainer, stainless steel preparation tables, etc.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,250 p.w. with a Gross profit of 60% approx.

Huge scope to increase sales by introducing takeawy and delivery services.

Staff

The business is at present operated by the vendor (chef) with 4 full time and 2 part time staff.
We are informed the wage bill averages £2,000 p.w. approx.

Trading Hours

7 Day week
SUNDAY - THURSDAY 12 noon - 2 pm then 5pm -10 pm
FRIDAY - SATURDAY 12 noon - 2 pm then 5 pm -11 pm

Outside

Yard with bin store.

Secure shed.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £17,000 p.a.

Business Rates from April 2023 £1,640 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote