Well Fitted Indian Restaurant in St Albans For Sale

Situated in a parade, excellent trading position, HERTFORDSHIRE ST ALBANS

Turnover £ 5,000
Price £155,000

Features

Well Fitted Licensed Restaurant

At present Indian cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE SPACIOUS RESTAURANT with quality tiled floor, ceiling with inset lighting. Tables & chairs providing seating for 32 persons. BAR with additional seating for up to 7 persons. The bar has a computerised till, 1 single door & 1 3-door glass fronted counter fridge, shelving for glasses, Nespresso coffee machine.

Stairs to first floor with quality tiled floor. Tables & chairs providing seating for an additional 15 persons.

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

FIRST FLOOR KITCHEN with non-slip floor. The equipment includes stainless steel extractor, Tandoori oven, grill, 6-burner gas cooker with oven, deep fryer, 3-door stainless steel counter fridge, 1 fridge, 1 upright deep freezer etc.

Ground floor walk-in coldroom

Turnover

WE ARE INFORMED the turnover averages £5,000/£6,000 p.w. including takeaway & delivery in our opinion offering tremendous potential for further increase in the right hands.

Staff

At present operated by the vendor's husband with the assistance of a bar manager plus 1 part time staff on Friday & Saturday plus 1 head chef & 2 part time employees in the kitchen.

Trading Hours

CLOSED SUNDAY & MONDAY
Tuesday - evening only - 5.30 p.m. - 11 p.m.
Wednesday, Thursday & Friday - 12 noon - 3 p.m. & 5.30 p.m. - 11 p.m.
Saturday opening - 12 noon - 11 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 6 years unexpired from October, 2021 at a rental of £40,000 p.a. exclusive of rates. We understand the rent increases by £2,500 p.a. every 2 years.

Uniform Business Rates: £6,674 p.a. after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £155,000 plus STOCK TO BE MUTUALLY AGREED.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 77,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote