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8051NG NOTTINGHAM L/H£170000 RESTAURANT/TAKEAWAY

Asking Price: GBP 170000
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Business Location: United Kingdom » Nottingham » NOTTINGHAM 
Category: Food » Cafes & Restaurants
Description:
Advent Business Sales have been
instructed to offer for sale this very
well established and successful
takeaway and restaurant.
Established over 15 years ago by the
vendor, it is now reluctantly offered for
sale due to the vendors other business
commitments, having recently bought
another larger business.
The business occupies a large ground
floor premises divided into 2 separate
sectors, one side being an extremely
well decorated 60 cover restaurant with
the other consisting of a takeaway with
40 seat eating area.
The business is extremely well equipped
with a cooking area and servery within
the takeaway plus an industrial kitchen
to the rear to serve the restaurant and
preparation for the takeaway and has a
range of high quality commercial kitchen
equipment consisting of:
In the main takeaway area:
? A tandoor grill
? Double fryer
? Double kebab machine
? 4 pot bain marie
? Large double pizza oven
? 2 display chillers and refrigerator
Main kitchen area:
? 6 ring gas burner
? Stainless steel tables
? Tandoor
? Stainless steel sinks
? Hot pot & 3 freezers
? Oven
A range of goods are offered including
balti dishes and curries, kebabs, pizza’s,
chicken dishes etc.
STAFF
The business is currently operated by 8
part time members who work further
hours as and when required. The
business can easily be run by a manager.
EXPANSION POTENTIAL
Although a successful business, there is
excellent room for growth and
expansion. Firstly the business does not
currently hold an alcohol licence due to
the owner’s religious beliefs, so there is
excellent potential to increase sales
with an alcohol licence, plus to extend
the range on offer on the menu.
There is also planning permission for a
bar lounge area to the first floor.
TRADING HOURS
Mon – Sat: 5.00pm – 3.00am
Sun: 5.00pm – 2.00am
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Weekly sales: £6,000
Gross Profit: 70%
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business.
BUSINESS PREMISES
A large double fronted premise with the
added security of CCTV system and
alarm and consisting of the following:
Ground Floor
? Glass frontage with 2 separate
entrances, first entrance leading
into takeway area with ‘L’ shaped
servery, counter plus 40 seater
eating area
? Stairs leading to first floor (staff
only)
? Disabled access to front doors
? Doors leading through into industrial
kitchen with fire exit door into rear
car park
? Second entrance to front of
premises leading into main
restaurant area with 60 covers
? Bar area to rear
? Small storage cupboard
? Separate area to rear with x2 w/c’s
(disabled access)
? Access door leading to rear car park
First Floor
? 2 storage areas
? 2 w/c’s
? Planning permission for bar lounge
area to first floor
TENURE: Leasehold
Original lease: 12 years
Remaining lease: 9 years
Review every: 3 years
Rent: £16,000 per
annum
We are advised that the annual business
rates are currently: £3500
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 1993
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 08PT
No of trading hours: Mon – Sat: 5.00pm – 3.00am
Reasons for selling:
 sale due to the vendors other business commitments, having recently bought another larger business.
Market competition and expansion:
 Although a successful business, there is excellent room for growth and expansion. Firstly the business does not currently hold an alcohol licence due to the owner’s religious beliefs, so there is excellent potential to increase sales with an alcohol licence, plus to extend the range on offer on the menu. There is also planning permission for a bar lounge area to the first floor.
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