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Reference R2097
Turnover £ 11,500
Price
£249,950
Features
Licensed Restaurant & Full On Licence Plus Music Licence
5 STAR HYGIENE RATING ~ 6 DAYS OPENING
OUTSIDE AREA WITH COVERED SEATING FOR 44 can be expanded to 60 weather permitting,
Additional Pavment licence for 12/14 people
DOUBLE FRONTED PREMISES in the region of 1,525 ft² Bar with seating for 5 People, EPOS till, dumb waiter. Tables and chairs providing seating for 40 People
2 Toilet with w.c. and wash hand basin.
FIRST FLOOR in the region of 750 ft²
Tables and chairs providing seating for 30 People.
Kitchen with stainless steel extractor unit, 2 x Tandoori oven, Gas 6-burner Cooker. Walkin coldroom, 2 Storage units., fridge, freezer, microwave with rear accress
Preperation area
Staff Toilet with w.c. and wash hand basin..
Turnover
WE ARE INFORMED by the owner the turnover currently averages £11,500 p.w. with a Gross profit of 65% approx. (5% Deliveries)
Staff
The business is at present operated by the 2 partners with 4 full time staff employed. with the assistance of 8 part time staff.
Trading Hours
6 Day week
TUESDAY - WEDNESDAY 6pm - 11pm
THURSDAY & FRIDAY 12pm - 3pm then 6pm -11pm
SATURDAY 12pm - 11pm
SUNDAY 12pm - 9pm
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2013 with reviews every 4 years (next review 2025) at a current rent of £43,200 p.a. In addition we understand there is a Service charge of £4,500 p.a. approx.
Business Rates from April 2023 £4,000 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £249,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 124,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote
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