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Freehold Most Attractive And Spacious Licensed Restaurant

Undisclosed Hampshire
Excellent main road trading position, sought after residential area, HAMPSHIRE.

ADVERT NUMBER : 63310
ADVERT IMPRESSIONS : 14,104 TIME(S)

 
BUSINESS SECTOR: Catering
TRADE TYPE: Fast Food
SALE: Agent Sale

FREEHOLD:

£750000
 

BUSINESS DETAILS:

Features : No parking problems. On street parking - free evenings. Weekdays plus Saturday restricted to 1 hour.

Impressive Restaurant trading as Indian cuisine for the past 11 years, which could obviously be continued and in opinion in view of the excellent catchment area, there is potential for other types of cuisine, if desired.

Entrance to SPACIOUS RESTAURANT. Full Air Conditioning. Bar area with ceramic tiled floor. Bar, wash hand basin, 1 hand pump, optics, 1 sliding double door counter fridge, ice machine. Spacious Restaurant with quality tables and chairs providing seating for 64 persons (can be increased to 70 persons, if desired).

Rear servery area plus additional bar with 2 group coffee machine.

Fully tiled ladies'/disabled cloakroom with w.c. 3 wash hand basins
Fully tiled gentlemen's cloakroom with w.c. and wash hand basin

Large level kitchen with tiled floor, fully equipped including stainless steel extractor unit, Tandoori oven, 9-burner gas cooker with double oven, stainless steel tables, stainless steel fridge, ice cream deep freeze, walk-in coldroom, double sink and drainer etc.

Location : Excellent main road trading position, sought after residential area, HAMPSHIRE.

Opening Hours : 12 noon - 2.30 p.m. & 6 p.m. - 11 p.m. seven days per week.

Turnover : WE ARE INFORMED the turnover averages in the region of £10,000 p.w. (including some takeaway, however, no deliveries are undertaken) in our opinion the business offers tremendous potential for further development in the right hands. Gross profit 65% approx.

Tenure : Uniform Business Rates: £8,000 p.a. approx.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price : OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £750,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Accommodation : The SPACIOUS SELF CONTAINED accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

4 Bedrooms (3 doubles, 1 single)
Bathoom with bath, w.c. and wash hand basin
Kitchen with fitted units (part used for stock at present)

Outside : To the rear of the property is an enclosed yard with store shed having 2 chest deep freezes plus 1 upright deep freeze.

Staff : The restaurant is at present operated by 2 partners with the assistance of 3 full time chefs plus 2 full time and 1 part time kitchen staff, whilst in the restaurant area there are 5 full time plus 1 part time staff.
   
  SOLD or WITHDRAWN FROM MARKET
 
 
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