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8799WR INDIAN RESTAURANT L/H £199,950

Asking Price: GBP 199950
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Business Location: United Kingdom » Worcestershire » WORCESTERSHIRE 
Category: Food » Cafes & Restaurants
Description:
Advent Business Sales is pleased to have been instructed to offer for sale this extremely popular destination restaurant with excellent further potential.

The business has been owned by the vendors for over 3 years and is only now being reluctantly offered to the market as he wishes to find a restaurant nearer to his home to avoid the travelling.

The restaurant offers a large varied range of authentic Indian and Bangladeshi dishes plus a range of alcoholic beverages as they benefit from a full alcohol licence.

The premises are decorated to an exceptionally high standard with up to 70 covers in the air conditioned restaurant and bar area plus a comfortable waiting area with seating for up to eight.

The restaurant, which has recently been totally refurbished, employs 10 full time staff and 2 part timers who work approximately 12 hours per week each and it achieves an excellent weekly turnover of approximately £6,500.
In fact, the restaurant is so busy on Friday’s and Saturday’s that they will only take telephone bookings because of the very high demand.

The business asks all customers to complete a satisfaction questionnaire with ratings for food quality, service etc. Most rate the food and service as excellent and that they come to the restaurant because of personal recommendation.

The restaurant only uses fresh produce, which ensures quality standards are maintained at all, times.

Its large commercial kitchen includes:
• Tandoor oven
• 2 industrial microwaves
• 4 chest freezers
• 1 gas and 1 electric hot cupboard
• 12 ring gas cooker with ovens under
• Walk in fridge/cold room
• Stainless sink and a range of stainless tables

This is a quite an exceptional restaurant, which can only be fully appreciated with a viewing.
The premises include 5 en suite letting rooms, 2 of which are used by staff, with the other 3 permanently let out. The rooms have their own independent access, which does not impinge on the restaurant in any way.

TRADING HOURS
Mon – Sun: 5.30pm – 11.30pm
BUSINESS PREMISES
Accessed from a busy dual carriageway into the restaurant’s own approximate 36 space car park.

Rear access into the letting area on the first floor with 5 en suite rooms, rear kitchen and also rear restaurant access into lobby corridor with ladies and gents w/c, into main restaurant with central bar with waiting area in front.

8 comfortable seats and a coffee table, walkway around bar and entrance has a good laminate floor, the dining area being carpeted.

The restaurant is fully air conditioned with 3 units, ensuring a comfortable environment at all times.

The ceiling has dimmer soft lights throughout, which maintains the good ambience that prevails.
They also have a basement, which is used primarily for storage, and it houses the ice making machine.

Side kitchen with full range of units, cookers etc.

TENURE: Leasehold
Original lease: 25 years
Remaining lease: 19 years
Review every: 5 years
Rent: £20,000 per annum

We are advised that the annual business rates are currently: £4000
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 338000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: This very popular restaurant occupies substantial detached premises on a very busy main road with good volumes of passing traffic. It is situated on the edge of a village in a very affluent area of Worcestershire with excellent transport links with access via the M5 motorway. There are excellent parking facilities with the restaurant having its own car park with marked out bay for approximately 36 vehicles.
Year Established: 2005
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Market competition and expansion:
 The restaurant has grown at a phenomenal rate and is still growing and to such an extent that unless pre booked, you will be unable to dine on Friday and Saturday evenings. There is still excellent scope to increase turnover and profits further by: 1. Offering to deliver takeaways, they do no home deliveries at the present time 2. Having some form of entertainment on the quieter nights of trading 3. Opening at lunchtimes, especially at the weekends 4. Have a conservatory built over the rear decked area.
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