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Indian Restaurant & Takeaway For Sale

Ilfracombe, Devon
Asking Price:
£55,000
Sales Revenue:
£100K - £200K
Cash Flow:
Available on request

The premises comprise of a ground floor lock up retail unit, operating as a fully licenced Indian restaurant with a long frontage onto the main High Street and offering approximately 1,200 sq ft of space inside with 62 seats and a licenced bar.
The main restaurant has a front section which is separated off for functions and there are gents and ladies cloakrooms and to the rear a large commercial kitchen. To the lower ground floor there are a number of rooms, two bathroom WCs and access to a rear garden with raised beds for growing herbs etc.
We understand the current trade has a six figure turnover and the restaurant equipment, bar fittings, furniture and kitchen equipment will be included within the sale subject to agreement.
EPC Rating D.

Property information

Property:

Leasehold

Lease Terms:

The premises will be offered on the basis of a lease with the current rent of £16,000 per annum for a term to be agreed.

Leasehold Rent:

£16,000 per annum

Location:

In a prime High Street trading location, close to Barclays Bank, Natwest Bank and adjoining the Scope charity shop on one side and a small café on the other. The premises are located in the centre of Ilfracombe High Street at the junction of Oxford Grove and the main High Street. At the lower part of Oxford Grove is a popular taxi rank and therefore are ideally placed for passing trade during the day and for evening trade. Ilfracombe is recognised as North Devon's leading tourist resort, having a population of approximately 12,000 inhabitants which is boosted during the summer months.

Energy Performance Rating:
D

Business Operation

Trading hours:

The business currently opens Monday - Saturday 6pm-11.30pm and Sundays 6pm- 11am. It also offers a takeaway service.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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