Asian Restaurant Takeaway Dorset For Sale

Business description

L/h Asian Restaurant & Take-away – Dorset -
Fully licensed –
Ideal for other styles of food -
Immaculate - major refurbishment recently undertaken –
Covers for approximately 75 –
5-bed flat above – separate access -
Open 7 days a week -

BUSINESS:
The fully licensed restaurant offers a wide selection of traditional Asian dishes, including Specialities and Chef’s Recommendations.

There are approximately 75 covers and parties can be catered for.

The menu is well set out with items clearly shown as being Vegetarian or containing Nuts.
Options on the menu include :

• A set meal of two courses with ice cream or coffee
• A Wednesday night special
• A Sunday buffet, operating from midday until 10.00pm, offers 15 items and “all you can eat”.
• The kitchen offers to prepare any dish not on the menu.

A 10% discount is offered on all take-aways.

Currently serving contemporary Asian cuisine, the restaurant would be suitable for other styles of food.

Separate staircase adjacent to main restaurant entrance. Extensive accommodation in the roof space, where the staff currently live.

Accommodation consists of :
5 Bedrooms Sitting Room
Bathroom Separate WC
Office/Store

The Agents have not had sight of / access to the Flat.

LOCATION:
Centre of Dorset town.

TENURE:
Leasehold. The premises are held under a 25-year lease which commenced in 1995, which are subject to 5- yearly reviews. The current rent is £23,000 per annum. The next review is in 2010.

EMPLOYEES:
The vendor, who only works evenings, is assisted by five members of staff.

TRADING HOURS:
Monday - Saturday 12.00pm - 2.00pm & 5.30pm - 11.30pm / Sunday 12.00pm - 10.00pm

SALES REVENUE:
The vendor has informed us that the monthly turnover is between £12,000 and £14,000.

The agents have not had sight of accounting information.





OPPORTUNITIES:
The business premises are extremely well presented, following the recent refurbishment, and offer new owners an exceptional opportunity to build on the solid foundations laid by the vendor, either continuing as an Indian restaurant or alternatively changing to another theme/style.

GUIDE PRICE:
PRICE REDUCTION - The vendor is seeking serious O.I.R.O. £130,000 plus stock at valuation, for the lease, business goodwill, fixtures, fittings and equipment, subject to inventory.

SUPPORT & TRAINING:
If required appropriate training will be provided by the vendors after Exchange of Contracts has taken place.

Property information

Property:

Leasehold

Lease terms:

Leasehold. The premises are held under a 25-year lease which commenced in 1995, which are subject to 5- yearly reviews. The current rent is £23,000 per annum. The next review is in 2010.

Living accommodation:

Accommodation consists of : 5 Bedrooms Sitting Room Bathroom Separate WC Office/Store The Agents have not had sight of / access to the Flat.

Location:

Centre of Dorset town.

Other information

Expansion potential:

The business premises are extremely well presented, following the recent refurbishment, and offer new owners an exceptional opportunity to build on the solid foundations laid by the vendor, either continuing as an Indian restaurant or alternatively changing to another theme/style.

Trading hours:

Monday - Saturday 12.00pm - 2.00pm & 5.30pm - 11.30pm / Sunday 12.00pm - 10.00pm

Contact the seller