Property Information
Address:
East Sussex For Sale With Nationwide Businesses
, East Susse
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH449788
Property Ref/Agent: R5241-Business for Sale
*Please use the agent ref when calling the agent directly.
Property description
Spacious Licensed Indian Restaurant
ATTRACTIVE
SPACIOUS DOUBLE FRONTED RESTAURANT with woodstrip floor, wall and ceiling lighting.
Tables and chairs providing seating for 60 persons.
(We understand planning permission has been granted to extend the property at rear, which if undertaken would increase the seating capacity of the restaurant to approx. 100 persons).
3 EPOS computer touch screen system which is connected wireless to front and kitchen, printer.
It has the whole dining-in and takeaway menu on it.
Elecronic computer operated cash unit.
4 telephones connercted to computer which shows customers details with caller ID.
Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin
Large level kitchen with non-slip floor.
The equipment includes Tandoori oven, 1 8-burner gas cooker with ovens, 2 4-burner gas cookers each with oven, 4 stainless steel tables, 1 stainless steel fridge, 1 large additional fridge, 2 small fridges, 2 chest deep freezes, double sink and drainer etc.
Turnover
WE ARE INFORMED the turnover averages 8,000 - 10,000 p.w. in our opinion offering further potential to increase in the right hands.
Staff
The Restaurant is at present operated by the vendor plus 5 staff in the restaurant area.
Kitchen area - 6 staff employed.
In addition there are 3 delivery drivers.
Trading Hours
12 noon - 2 p.m.
5.30 p.m. - 11.30 p.m. seven days per week
Accommodation
The SPACIOUS SELF CONTAINDED living accommodation comprises:
4 Double Bedrooms
Shower room with shower, w.c. and wash hand basin
Outside
Yard at rear
Tenure
We understand the premises are held on a secure renewable lease, having approximately 17 years unexpired at a rental of 26,000 p.a. exclusive of rates.
We understand that the rent was due for rent review in September, 2013, however, the vendor has not received any request for an increase in the rent to date.
We further understand that the next rent review is in September, 2017.
Uniform Business Rates:
5,600 p.a. approx.
WE UNDERSTAND THE RESTAURANT HAS BEEN INDIAN CUISINE FOR APPROXIMATELY 40 YEARS AND HAS BEEN IN THE PRESENT HANDS FOR APPROXIMATELY 12 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES
FITTINGS 200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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