Business Summary

Description :-

ORE are delighted to offer this Indian Restaurant and delivery business located in a densely populated area and has been established for over 12 years. We have been advised by the vendors that the business is currently taking in the region of £4,000 per week. Vendor is looking for a premium in the region of £65,000 – £99,000 for leasehold interests, business goodwill and associated accommodation.

In addition to the business, the property benefits from a four bedroom flat accommodation which is currently let under AST for £24,000pa. A must see.

Property Description :-

The property consists of front retail area decorated to a high standard with 50-seater capacity and very well designed licensed bar. This is then followed by customer WC, storage, and kitchen and preparation area.

The property also benefits from a four bedroom demise which is currently let on an AST at £24,000pa.

Location & Surroundings :-

The property is located close to the A12 which benefits from transport links via public and private transport. The business is close to Maryland Overground station.

The surrounding areas are densely built up with residential property which results in a high demand for local trade. The takeaway is situated on a long high street with is surrounded by local businesses including solicitors, estate agents, post offices, and local pubs.

Business Description & Takings :-

The business currently caters for Indian cuisine and delivery and boasts from a strong residential following within the local community.

The business benefits from overhead flues, large cooker range, tandoori oven, fridge and freezer units, dough mixer, and other ancillary kitchen utensils and necessities. The business also comes with an alcohol license with a fully serviced bar.

Oakville Real Estates have been advised that the current taking of the business is currently around £4,000pw (unverified).

Opening Times & Staffing :-

Currently the business is open 56 hours per week from Monday to Sunday. The business is currently being facilitated by 6 members of staff. Tenure & Lease Terms.

Lease terms to be confirmed depending on interest.

Premium :-

Owner is seeking offers of £65,000 for the sub-lease of the ground floor premises and business goodwill or £99,000 for the entire premises, including accommodation, and lease assignment.

Legal Costs :-

Tenant to pay a contribution towards the landlord’s solicitor’s costs.

Property Details