Renowned Indian Restaurant in Hertfordshire For Sale

Situated end of parade, close to High Street, sought after HERTFORDSHIRE

Turnover £ 4,750
Price £79,500

Features

Renowned, well Fitted Licensed Indian Restaurant

Trading as Indian cuisine for the past 14 years, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT. Front area with tiled floor. Main restaurant area fully carpeted. Air conditioning unit. Ceiling with spotlighting. Tables & chairs providing seating for 75 persons (including some seating for the takeaway section). BAR with 1 hand pump, double door glass fronted counter fridge, sink.

LEVEL KITCHEN with tiled floor, stainless steel cladding to walls, Tandoori oven, 9-burner gas cooker with 2 ovens, 1 3-burner hob, stainless steel extractor, double door stainless steel larder fridge, double door stainless steel counter fridge, plate warmer, double sink & drainer, microwave oven.

Stockroom with 1 upright deep freezer, 2 chest deep freezers

Ladies' cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with 2 urinals, w.c. & wash hand basin

In addition there is 1 room, shower room with shower, w.c. & wash hand basin. This is used as a staffroom

Turnover

WE ARE INFORMED the turnover averages £4,500 p.w. - £5,000 p.w. including takeaway & delivery, in our opinion offering further potential to increase in the right hands.

Staff

At present operated by the vendor with in the kitchen area 1 chef, 1 assistant chef, 1 Tandoori chef, 1 cook. Restaurant area vendor with the assistance of 3 full time plus 1 part time waiter.

Trading Hours

Sunday - Thursday inclusive - 5.45 p.m. - 11.00 p.m.
Friday & Saturday - 5.45 p.m. - 11.30 p.m.

Outside

Shared yard

Tenure

We understand the premises are held on a secure renewable lease, 12 years lease granted in 2023 at an initial rent of £30,000 with rent reviews every 5 years. The next review is 2028.

Uniform Business Rates 2024 / 2025 £4,500 p.a. approx. after small business relief.

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 39,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote