Leasehold Restaurant / Takeaway
Location England
Asking Price Range < $250K
Gross Revenues $312000
Net Profit / Cash Flow $218400
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1993
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Description LEASEHOLD RESTAURANT / TAKEAWAY BUSINESS FOR SALE. ASKING FOR GBP 170,000. The business occupies a large ground floor premises divided into 2 separate sectors, one side being an extremely well decorated 60 cover restaurant with the other consisting of a takeaway with 40 seat eating area.
The business is extremely well equipped with a cooking area and servery within the takeaway plus an industrial kitchen to the rear to serve the restaurant and preparation for the takeaway and has a range of high quality commercial kitchen equipment consisting of:
In the main takeaway area: A tandoor grill. Double fryer. Double kebab machine. 4 pot bain marie. Large double pizza oven. 2 display chillers and refrigerator. Main kitchen area: 6 ring gas burner. Stainless steel tables. Tandoor. Stainless steel sinks. Hot pot & 3 freezers. Oven. A range of goods are offered including balti dishes and curries, kebabs, pizza's, chicken dishes etc.
BUSINESS PREMISES - A large double fronted premise with the added security of CCTV system and alarm and consisting of the following: Ground Floor: Glass frontage with 2 separate entrances, first entrance leading into takeway area with a L-shaped servery, counter plus 40 seater eating area. Stairs leading to first floor (staff only). Disabled access to front doors. Doors leading through into industrial kitchen with fire exit door into rear car park. Second entrance to front of premises leading into main restaurant area with 60 covers. Bar area to rear. Small storage cupboard. Separate area to rear with x2 w/c's (disabled access). Access door leading to rear car park. First Floor: 2 storage areas. 2 w/c's. Planning permission for bar lounge area to first floor.
TENURE - Leasehold. Original lease - 12 years. Remaining lease - 9 years. Review every - 3 years. Rent - GBP 16,000 per annum. We are advised that the annual business rates are currently: GBP 3,500.
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