Substantial Restaurant in Essex For Sale

Detached property, busy road, office and commercial area, Essex.

Turnover £ 5,000
Price £650,000

Features

Substantial Freehold Indian Restaurant

5 STAR HYGIENE RATING

6 DAYS OPENING

PREMISES in the region of 2,870 ft² over 2 floors with Vinyl floors, ceiling with hanging & spot lights, Tables and chairs providing seating for 90 People
Bar.

Disabled Toilet with w.c. and wash hand basin.

First floor

Kitchen with stainless steel extractor unit, 2 dumbwaiters, Tandoori oven, Gas 12-burner Cooker, 3 stainless steel preparation table, 2 hot plates 2 fridge/freezer, double sink and drainer, etc.

Walkin coldroom

Ladies' & gentlemen's with 3 Toilet with w.c. and wash hand basin.

2 Staff Rest Rooms.

Stock room.

Loft used for storages.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (10% ON LINE SALES)

Staff

The business is at present operated by the vendor with 6 full time & 2 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 5.30pm - 10pm

Outside

Parking space for 6/8 car.

Tenure

FREEHOLD

Business Rates from April 2024 £16,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £650,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 455,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote