Leasehold Indian restaurant in Hythe Kent with seating for over 60 guests available for sale
Hythe, Kent
- Status
FOR SALE
- Advert ID
646861
- Reference
C1240 / Rightbiz
- Call Agent:
- Leasehold: £59,950
- Rent: £12,500 (£1,042 per month)
- Turnover: £234,000 (£4,500 per week)
- Profit: Not Applicable
Business Details
LEASEHOLD LIC. INDIAN RESTAURANT
Location
These immaculately presented premises occupy a prime trading location fronting a busy main road and being just off the High Street of this Historical Town. The business enjoys excellent passing and local trade.
Business
This family run business is well established and specializes in authentic Indian food made with local fresh ingredients and this along with its friendly ambiance has made it one of the top 5 restaurants in Hythe. The premises would however suit themselves for a wide range of alternative styles of cuisine if desired.
Turnover
We are informed the business takes £4,500 - £5,000 PWK @ 65% G.P.
Hours
5.30pm - 10.00pm Mon, Weds & Thurs (Closed Tues)
5.00pm - 11.00pm Fri
12.00pm - 4.00pm & 5.00pm - 11.00pm Sat
12.00pm - 4.00pm & 5.00pm - 10.00pm Sun
Premises
Elegant Main entrance at ground level. Entrance hall and stairs to First Floor: Restaurant Area: Charming contemporary décor featuring high ceiling. 60 covers at quality furniture. Bar counter, till. Sep Ladies and Gents: WC's. Function Room: with a further 20 covers. Kitchen: 8 burner range, tandoori oven, full extractor canopy, prep surfaces, hot cupboard, under counter refrigeration, upright chiller, deep st/stl sink. Store Room: Office/Store Room:
Tenure
10 years remaining on original lease. RENT £12,500 P.A. (5 year reviews)
EPC Rating
TBA
Business Rates
£5,000 P.A. (Payable) - But a new owner can apply to get exempt.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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