Prime Location Successful Indian Restaurant In Affluent Area For Sale

RESTAURANT LEASEHOLD FOR SALE

PRIME LOCATION WITH HUGE PROFIT POTENTIAL

Located in the affluent area of High Wych, Sawbridgeworth (CM21). The restaurant is situated in a Grade II listed building which was previously a Public House. The premises was fully refurbished in 2013 with a new extension added and has since been trading as an Indian restaurant. It is located next to the Manor of Groves hotel which provides a significant amount of custom. Customers also travel in in from villages and towns in the surrounding areas.

There is development happening in the area which will introduce 8,500 new homes in nine villages with the restaurant being in immediate surrounding area.

The restaurant has currently 74 plus covers with potential to extend dining areas into the rear courtyard.

The property also benefits from four bedroom and one bathroom large apartment directly above the restaurant which is currently used by the staff.

In addition, there are two self contained studio apartments which can be let on a standard AST or alternatively on a more lucrative B&B style let.

Outside as mentioned the corner position creates great visual awareness and to the rear there is onsite car parking for 11 vehicles and ample casual parking along the lane.

The restaurant would suit different types of cuisine as well as Indian due to the location of the property. It is centrally located to serve a large geographical area such as High Wych, Gilston, Sawbridgeworth, Harlow, Church Langley, Much Hadham, Hatfield Heath, Hunsdon and Bishops Stortford.

The businesses current revenue is £400,000 -£450,000 per annum without full-time management and was previously taking £550,000+ per annum with full time management.

The decision to sell is due to a change in family circumstances.

Selling the rights to surrender current lease and buyer to create a new lease with the currently landlord for a premium of £150,000.

Rent £40,000 pa next review 2020

EPC Band F

Business Rateable Value £25,250