INDIAN RESTAURANT WITH ACCOM IN HORNCHURCH ESSEX Reference No: E7555J

Price: £ 110,000
Description

LOCATION:  In a parade of multiples and local shops on busy main road and is close to station. The restaurant is surrounded by densely populated residential area and there are several bus routes pass the restaurant.

DESCRIPTION: Mid parade premises has single frontage. Internally the restaurant measures approximately 1,000 sq ft overall comprising main restaurant with 42 seating, drinks bar area, ladies/gents toilets/washroom. Fully fitted kitchen is located at the rear with large stock room. There is a rear access leading to the 570 sq ft yard accommodation parking space for 3-4 vehicles. There is a scope to extend at the rear to create more seating to boost the current taking.

BUSINESS:  Business has been in same hands for 11 years and owner now wishes to retire. The restaurant is run by owner and staff, taking £4,500/£4,000 per week (evening trade only)

HOURS:  Mon – Sun 5.00 pm – midnight.

EQUIPMENT:  The restaurant is fully equipped including 9-burner cooker, Tandoori oven, double hot cabinet, large stainless steel preparation table, various fridges & freezers, etc.

ACCOM:  There is a self contained accommodation above arranged on 1st and 2nd floor level. On the 1st floor there is a kitchen, lounge and on the 2nd floor there are 3 bedrooms and bathroom/toilet. The flat is fully double glazed and has gas central heating.

TENURE: LEASEHOLD – 25 year renewable lease from from 1998 with 5 yearly rent reviews at the current rent of £18,000 per annum less income of £12,000 pa from flat.

RATES: Business rates payable £300 per annum

VIEWINGS/NEGOTIATIONS:  Strictly through PEGASUS BUSINESS SALES on 0207 935 3939

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