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.
- Asking Price:
- £250,000
- Sales Revenue:
- £520,000
- Cash Flow:
- £100K - £250K
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.
