Ultra Modern Indian Restaurant in Bedfordshire For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, BEDFORDSHIRE

Turnover £ 5,000
Price £69,500

Features

Ultra Modern Indian Restaurant (no Alcohol)

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,000 ft² laminated strip floor, spot and LED lighting, Air conditioning with hot air. Bar with cash register. Tables and chairs providing seating for 50 People.=, can be increased.

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 10-burner), hot cupboard, double sink and drainer, double door fridge, fridge, small deep freeze, wash hand basin, preparation table.

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

Small Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (85% VIA PORTALS)

Staff

The business is at present operated by the vendor plus family support with 3 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - THURSDAY 5.30 p.m. - 10.30 p.m.
FRIDAY & SATURDAY 5.30 p.m. - 11 p.m.
SUNDAY 5.30 p.m. - 10 p.m.

Outside

Rear yard with Parking space for 1 car.

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 2020 with reviews every 5 years (next review 2030) at a current rent of £23,000 p.a. + VAT In addition there is an annual service charge of £2,000 p.a. approx.

Business Rates from April 2025 £4,500 approx. eligible for small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote