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Freehold Restaurant For Sale

Undisclosed, London
Freehold:
£314,995
Interested in this business?
THIS BUSINESS IS NOW SOLD OR WITHDRAWN FROM THE MARKET
Further Details
Status
SOLD OR WITHDRAWN FROM MARKET
ReferenceR3694 / RightBiz
Advert ID82364
LocationUndisclosed, London
SectorFast Food Businesses, Restaurants, Indian Restaurants
TenureFreehold
Freehold Price£314,995
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Full Details
Features : The Restaurant has been in the same hands for the past 20 years and is Indian cuisine.

We understand that originally the vendors had a licence for the sale of wines, beers & spirits, however, they terminated the licence approximately 12 years ago for personal reasons. In our opinion the Restaurant would benefit from reintroducing a Restaurant Licence for the sale of wines, beers & spirits.

As stated the Restaurant has been utilized as Indian cuisine for the past 20 years, which could obviously be continued and in our opinion in view of the sought after residential area, there is potential for other types of cuisine, if desired.

ATTRACTIVE DOUBLE FRONTED RESTAURANT with slightly tinted glass windows. Full air conditioning/heating. Laminated strip floor, ceiling with inset lighting. Tables & chairs providing seating for 32 persons. Wooden bar, mirror-backed wall.

LEVEL KITCHEN with quarry tiled floor. 8-burner Chester cooker, upright stainless steel fridge, upright white fridge, 2 stainless steel tables, double sink and drainer, Tandoori oven, microwave oven, stainless steel extractor unit, tiled walls, sink and drainer.

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. and wash hand basin

Location : Situated in a parade, sought after residential area, LONDON, W

Opening Hours : Evenings only - seven evenings per week - 5.30 p.m. - 11 p.m,

Turnover : WE ARE INFORMED the turnover averages £2,500/£3,000 p.w. including takeaway & delivery, in our opinion the Restaurant offers terrific potential for further development, especially with the introduction of a Restaurant Licence for the sale of wines, beers and spirits. Obviously the sale of alcohol is subject to obtaining the Premises & indeed the Personal Licence.

Tenure : Uniform Business Rates: £4,000 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price : TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £314,995 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Outside : Yard at rear

Staff : At present mainly staff operated. Staff employed 1 full time manager, 1 full time chef, 2 kitchen staff, 2 waiters. It will be appreciated upon inspection that with more active owners, the wage bill could be reduced.
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