Renowned Licensed Indian Restaurant in Farnham For Sale

Occupying a corner position, excellent trading position, residential and commercial area, FARNHAM, Surrey.

Turnover £ 6,000
Price £130,000

Features

Renowned Licensed, Air-conditioned, Indian Restaurant

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, in the region of 1,075 ft², Carpet flooring, plaster ceiling with spot lights.

Tables and chairs providing seating for 52 People.

BAR - Electric cash register, One beer pump, fridge, wash hand basin.

Ladies cloakroom with toilet and wash hand basin.
Gentleman's cloakroom with toilet and wash hand basin.

SEPARATE KITCHEN - Stainless steel extractor, 11 burner cooker, Tandoori oven, hot plate, microwave, 2 chest freezers, 2 full height fridges, double sink and drainers, stainless steel cladded walls, stailess steel preparation tables, etc.

Store room.

Staff cloakroom with toilet and wash hand basin.

Stairs to BASEMENT, in the region of 215 ft², used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx. - no delivery or platforms.

Staff

The business is at present operated by the vendor with 6 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 5.30 p.m. - 11 p.m.
SUNDAY 5.30 p.m. - 10.30 p.m.

Accommodation

THE ACCOMMODATION, rooms above, access via the business, with Gas Fired Central Heating used by staff. Council tax Band 'D' The accommodation comprises:

First Floor.

3 Bedrooms (2 double, 1 Single).
Bathroom with bath, w.c. and wash hand basin.

We are informed the council tax payable last year was £2,200 p.a. approx.

Outside

Parking space for 1 car.

Tenure

The vendor owns the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease with rent reviews every 4 years at an initial rental of £35,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1983, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 65,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote