Stanmore Restaurant For Sale | | Harrow Middlesex | | •ADVISED AVERAGE GROSS WEEKLY SALES £5,000, GP 70% •LOCATED IN BUSY PRIMARY PARADE - 50 COVERS •24 HOURS OPENING PERMIT WITH ALCOHOL LICENCE •SITUATED CLOSE TO EXCELLENT TRANSPORT LINKS •ALL FIXTURES AND FITTINGS INCLUDED IN THE SALE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64219
ADVERT IMPRESSIONS : 4,597 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Indian Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £90,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is situated in an excellent trading position on The Broadway (A4140) in Stanmore. The area benefits from a mix of independent shops on a busy parade with high footfall. There is also numerous bars, restaurants and retail shops. Sainsbury’s, Lloyds bank, Barclays are also within close proximity.
DESCRIPTION
The premises is a highly visible doubled fronted, ground floor unit. The internal area comprises: a full length dining room, bar, storage, kitchen and Ladies and Gents WC. There is also a rear access and car parking space for one. The restaurant consists of 50 internal covers.
THE BUSINESS
Our client established the business 20 years ago and has built up an excellent reputation for high quality Indian cuisine. The premises currently operate under an A3 user class with alcohol license. The opportunity exists for an incoming purchaser to build on this established business and greatly increase the value. The owner has now decided to sell as he wishes to retire.
TRADING INFORMATION
Our client has advised that the business currently generates a gross weekly turnover of £5,000 with 70% GP. Further trading information will be available after a formal viewing has been conducted.
STAFF
The business is currently operated by the owner with the assistance of 7 full time members of staff.
TRADING HOURS
The business currently trades:
Mon-Sun 12:00pm – 2:00pm
then 5.30pm to 10.30pm
Twenty Four (24) hours opening permitted
TERMS & TENURE
We have been advised that the premises is held on a 10 year FRI lease which commenced in 2007. The annual rent passing is £25,000. Formal rent reviews are conducted every 5 years.
BUSINESS RATES
We have been advised by our client that the business rates payable are circa £8,200. This is to be confirmed with the council.
FIXTURES AND FITTINGS
The restaurant is fitted with an extensive range of new fixtures and fittings.
All equipment is owned outright and included in the sale. | | | | | | FOR SALE | | | | | REFERENCE: | BMA559 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
