Business for Sale Overview:
This busy and well situated licensed Indian restaurant provides a light modern airy interior with a welcoming atmosphere for their regular clientele and for first time diners, offering traditional recipes and an extensive wine list. Established in 1995 and fully re-furbished and re-fitted in 2007 at a cost of £225,000, this is a luxurious and well established air conditioned restaurant with the atmosphere being achieved with high quality tables and seating for 60 covers, combined with superior lighting, both inside and out, much of the interior lighting coming from a large cupola roof, adding to the ambiance.
Food is always of the highest quality and is available for takeaway or to be enjoyed eaten in the well fitted interior. This successful business offers customers an opportunity to spend time enjoying a high quality lunch or evening meal prepared in traditional style to the highest standards and which can be accompanied by the extensive wine list and drought beers that is held in stock. Although prices are always competitive this in no way reduces the standard of service, which is always of the highest standard, indeed this and the quality of the food is one of the main reasons so many customers return so regularly and why the restaurant has grown on almost word of mouth recommendation alone.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Located in a prominent position on a busy main road this is a licensed ground floor, glass fronted restaurant for approximately 60 covers with a basement kitchen. Having been fully refurbished and refitted in 2007 at a cost £225,000, this has been finished to a high standard, offering customers an exceptional dining experience in the modern but light surroundings.
The lease is a 20 year renewable lease with 5 yearly reviews which is about to be renewed. Current rent is £25,000 per annum with rates payable of approximately £6,800 per annum.
Market Competition and Expansion:
The business does not have a much of a web presence and there is no doubt that turnover and profits could increase with a well designed website, alongside a good local advertising campaign. Currently the company does little in the way of advertising preferring to rely on the location and passing trade with their regular and referred client base. This bears strong testimony to the excellent reputation enjoyed by the business since its inception.
Reason for Selling:
the business the owner now wishes to wind down to
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.