Established Indian Restaurant, Stafford Road, Huntington, Cannock, WS12 4NQ

Sale of Established Indian Restaurant

Property details

Type Investment, Land/Development
Tenure Leasehold - The business is available on flexible lease terms at a quoting rent of £18,000 per annum.
Price Leasehold £60,000 plus SAV
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Features
  • Newly refurbished 50 cover restaurant
  • £5,000 PW turnover
  • Excellent scope to increase trade levels
  • Future development opportunity above
  • Leasehold - £60,000 plus SAV
Location
Occupying a prominent position on the Stafford Road, Anujaan Indian Restaurant is located in Huntington, in close proximity to Cannock town centre. Huntington is an established residential area with a range of amenities and schools nearby. Plenty of potential trade passes by on the Stafford Road and transport links are right on the doorstep of the restaurant, with bus routes running directly to Cannock town centre.
Description

A fantastic opportunity to acquire the freehold interest of this successful Indian restaurant business located in Huntington, Cannock. Turning over on average £5,000 per week (21/22), this business is located in a prominent position on Stafford Road, just five minutes from Cannock town centre and with plenty of passing trade. The sale of the freehold comprises a newly refurbished 50 cover restaurant with a contemporary finish, industrial kitchen, his and her WC, and car park to front with space for six cars.

Price
Offers in the region of £60,000 are sought for the goodwill, plus stock at valuation.
VAT
VAT may or may not be applicable, purchasers should satisfy themselves in this regard.
Business Rates
We are informed the building qualifies for small business rate relief, however we do recommend that interested parties make their own enquiries with the local authority.
EPC
Available upon request.
Legal Costs
Each party are to responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
Additional Information
Trading information:
- Accounts will be made available to interested parties following formal viewing appointments

- The company currently employs 6 full-time staff and 4 part-time staff

- Opening hours: Monday - Sunday / 5.30pm - 11.00pm