Luxurious Indian Restaurant in Middlesex For Sale

Situated in a Parade, excellent trading position, opposite recreation ground, residential and commercial area, Middx.

Turnover £ 8,500
Price £99,500

Features

Luxurious Licensed Indian Restaurant

Outside seating for 6 customers.

5 STAR HYGIENE RATING.


SINGLE FRONTED PREMISES, in the region of 850 ft², CCTV (2 cameras), Hardwood flooring, plasterboard ceiling with pendant and spotlights.

Luxury tables and chairs seating 48 custiomers ( an additional 35 seats in basement / function room.)

BAR - Ipad cash registers, 2 draft beer pumps, under counter fridge, wash hand basin.

Customer cloakroom with toilet and wash hand basin.

SEPARATE KITCHEN - Stainless steel extractor, New 8 burner hob, oven, single basket deep fat fryer, Tandoori oven, 2 hot plates, microwave, double drawer fridge, chest 2 freezers, double sink and drainer, stainless steel preparation table, etc.

Store room.

Stairs TO BASEMENT

FUNCTION ROOM - Tables and chairs for 35 customers.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a Gross Profit of 60% approx. (approximately 30% delivery)

Staff

The business is at present operated by the vendor with 5 full time, 3 part time staff and 2 drivers.

Trading Hours

7 Day week
MONDAY - SATURDAY 5 pm - 11.30 pm
SUNDAY 12 noon - 11.30 pm

Outside

Bin store to rear.

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 £20,000 p.a.

Business Rates from April 2025 £2,500 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote