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Quality Indian & Bangladeshi Restaurant & Takeaway In Lichfield For Sale

Lichfield, Staffordshire, UK
Asking Price:
£250,000
Sales Revenue:
£520,000
Cash Flow:
£100K - £250K

Indian & Bangladeshi Restaurant & Takeaway established by the current owner in 1987 in Lichfield City centre close to many other bars restaurants and cafes. The licenced business operates from attractive premise comprising restaurant area with gas central heating and air conditioning with seating currently for 72 with bar area quality ladies & gents WC’s rear fully fitted and equipped kitchen cold room with walk in refrigerator staff WC store room and rear door to further store area all secured on a 15 year lease from 2020 with a rent of £21,000 per annum. Gross sales average £520,000 per annum with a gross profit yield in the region of 65% from hours of 5.00pm to 12.00am 7 days. Super location in the heart of Lichfield City centre.

Property Information

Property:

Leasehold

Lease Terms:

15 year lease from 2012

Leasehold Rent:

£21,000 per annum

Location:

Super location in the centre of Lichfield close to many other restaurants bars and pubs

Premises Details:

Attractive premise comprising restaurant area with gas central heating and air conditioning with seating currently for 72 with bar area quality ladies & gents WC’s rear fully fitted and equipped kitchen cold room with walk in refrigerator staff WC store room and rear door to further store area

Planning Consent:

A3 Cafe & Restaurant use

Business Operation

Reasons for selling:

Retirement sale

Trading hours:

5.00pm to 12.00am Monday to Sunday

Employees:
10
Years established:
1987

Other Information

Financing available:

Hurdley & Co can introduce you to various business brokers depending on your circumstances. We have built up a good relationship over many years and have every confidence in them to provide you with a first class professional service please telephone us for contact details.

Contact Hurdley & Co

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