9000B INDIAN RESTAURANT F/H £290,000 L/H £69,950
Asking Price: GBP
290000
|
|
|
| Description: |
|
Advent Business Sales are pleased to offer to the market this well established Indian restaurant, which has been trading successfully for the past 3½ years.
The current owners have been in ownership for the last 1½ years. The owners are reluctantly selling due to other major business interests, which have recently matured.
Due to a requirement for a quick sale, we must point out that the freehold is being sold at £49,000 below valuation and if sold as leasehold, this is some £23,500 below valuation.
The restaurant offers both Indian and Bangladeshi cuisine to eat in or take away. A delivery service is also available.
The client base is local and to a 5 mile radius.
The décor, lighting, fixtures and fittings are to a very high standard, with the colourings and hung pictures being purposely designed to induce a relaxed and homely state of mind, making the eating experience total.
The restaurant is designed on a split level basis and has a comfortable 52 covers. In the evening, car parking can be up to 10 to 15 cars on the front and 100 on the nearby supermarket.
The restaurant is steel shuttered and fully alarmed.
Four full time and two part time employees staff the business.
We are advised that stock at cost is approximately £3,000.
The restaurant is very close to one of the university complexes and there is a large complex of student flats across the road.
This is a first class freehold restaurant at a knock down price, which will sell quickly, it could easily be not only Indian but with small kitchen alterations Chinese or indeed Thai.
There are no restaurants in the area of this kind.
REF: 9000B
TRADING HOURS
Mon-Sat: 5.30pm – 12midnight
Sun: 5.30pm – 11.00pm
BUSINESS PREMISES
This double fronted restaurant is fully equipped for wheelchair access with ramp from the front car park to the central doorway.
Within the doorway is a small reception and waiting area with a well equipped and beautifully presented bar.
Railings separate this area with the main restaurant, which has both split level ceiling with spot lighting as well as split level dining.
Central throughway goes to the rear of the restaurant.
Ladies and gents w/c’s both are wheelchair friendly
Fully equipped stainless steel kitchen with double sink and drainer, microwave, bench, tandoor, 8 burner stove with two double ovens, fryer, all with overhead extraction plus hand wash. Mid prep area with shelf, hot cupboard, large double fridge.
There is a rear doorway leading to a shared passageway between the restaurant and the next door business.
First Floor
Stairs up to bathroom/w/c, cupboard and dry store room with 3 deep freezers, lounge, kitchen and 3 bedrooms
External
• Very deep paved car park area
• Footpath to the roadway
TENURE: Freehold/Leasehold
Original lease: TBN
Remaining lease: TBN
Review every: TBN
Rent: £20,000 P.A. restaurant and flat
We are advised that the annual business rates are currently: £800 |
|
|
|
| Financial Information: |
|
|
|
| Annual gross sales: (GBP) |
N/A |
|
|
Yearly Revenue: (GBP)
Total yearly sales revenue |
130000 |
|
|
Net Profit: (GBP)
Total profit before taxes |
N/A |
|
|
| General Information: |
|
|
|
| Business Area: |
Our client’s restaurant is conveniently located on a major arterial road out of Birmingham. It is positioned on a shopping precinct close to a major discount supermarket in a very highly built up residential area. The area itself is a thriving community. |
|
|
| Year Established: |
2006 |
|
|
Is Relocatable?:
|
No |
|
|
| Business closed or an asset sale : |
No |
|
|
| Is Home based business?: |
No |
|
|
| Real estate status: |
Yes |
|
|
| Number of Employees: |
4FT 2PT |
|
|
|
|
| |
|
 |
|
 |
|
 |
Featured businesses
for sale |
|
|
| |
|
 |
|
|
|
|
