For sale £25,000 - Restaurants
Located on a busy thoroughfare into the town centre this restaurant offers traditional and innovative Indian cuisine. Boosted by a strong takeaway business (just eat) and together with passing trade and a good group of regular customers trade has been as high as £5,500 per week.
The restaurant was completely refurbished in 2015 and now offers pleasant surroundings to 32 covers. In the restaurant there is a licenced bar, to the rear toilets and a rear access together with the kitchen area. Upstairs there are three bedrooms which can be sub let or used as owner accommodation.
Rent is currently £830 pm for the whole premises and is on a 10 year lease with just under 9 years remaining. The business currently qualifies for full rate relief.
The business trades 5.30 till late 7 days a week, staffed by 5 part time drivers/waiters and a full time chef. The current owner manager works in the business as he can.
Current trading is ca £2500 per week, generating a net profit ca £25 K pa
The business is offered for sale as a successful trading restaurant, all staff are local and able to work with the new owners as necessary.
The business is offered with all fixtures and fittings ready to trade, (full list available on viewing) Offers are invited for the company to include all assets and goodwill on a cash free debt free basis
Location Details: Town centre location
Leasehold Term: 9 years remain on the present lease