Advert Ref: RS.0.130.DH

Contemporary Indian Restaurant For Sale

  • Portsmouth, Hampshire, United Kingdom

Price Reduced

Asking price:
£95,000
Sales revenue:
£233,297
Net profit:
< £100k
Years established:
3
Employees:
6 x F/T & 2 x P/T

Photograph of this business for sale

Situated in a busy High Street in a Portsmouth Suburb that boasts an extensive seafront with tourist attractions and a wide variety of retail outlets. 2 Storey mid-terraced lock up premises. This popular and attractive restaurant has built a reputation for it’s menu with customers and gained 3 recent awards to back this up. Attractively laid out and decorated the restaurant also benefits from a unique contemporary menu. 60 covers with max capacity up to 70 occupying the ground and first floors. Winner of 3 recent local awards for cuisine, ambience & service · Potential to open lunch-times · Home delivery service in place · Fully licensed · Potential savings for working partnership · Busy High Street with retail, food and drinking outlets

Property:
Leasehold
Lease terms:
We are advised by the vendor that the 25 year lease commenced in 2003 with 3 yearly rent reviews. The current rent is £ 14000 pa
Location:
Situated in a busy High Street in a Portsmouth Suburb

Reasons for selling:
Other business interests
Trading hours:
5.00pm - midnight 7 days a week
Financing available:
Our recommended broker , an independent broker specialising in business purchases can help you obtain the right finance for your circumstances. Please contact us on 0845-050-4518 and we will connect you to him.
Fixtures value:
Undisclosed
Stock value:
Undisclosed
Related documents:
Other document type icon Document

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