Busy Indian Restaurant In Warwick For Sale

Business description

Preferred Commercial is pleased to offer for sale this modern and profitable Indian Restaurant, which was established by our client in 2004 and which is only now being placed on the market due to ill health.

The business generates a turnover in the region of £104,000 per annum with a gross profit of 90%.

The restaurant currently trades 6 days per week and at a pace to suit our client.

The restaurant comes with a full licence and the seating area offers 52 covers, and provides a takeaway and delivery service.

The business currently has a website in place, which provides information on facilities, location and contact details. We feel that turnover could be increased by extending the opening hours and by introducing a lunch time menu.

We are advised that an initial 3 month rent free period will be offered to a new owner.

This is an ideal opportunity to acquire a very profitable business, which is well-equipped and in a 'walk-in-and-trade' condition.

Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
New lease to be negotiated
Rent: £22,500 per annum

Leasehold rent:

£22,500 per annum

Location:

The Raj occupies an enviable mid-parade premises located on a busy high street, in a densely populated area, in the popular town of Warwick in Warwickshire. The restaurant is surrounded by complementary shops and businesses, and benefits from ample on-street parking in the vicinity. Warwick is a historic town, home to the famous Warwick Castle and many other historic tourist attractions. There are many reputable schools in the area and Warwick Hospital is less than 1 mile away. There are regular buses running through the area and Warwick Railway Station is within easy walking distance, which ensures heavy footfall. The business boasts easy access to the local A-road network and the M40 motorway is less than 3 miles away.

Premises details:

Well-presented restaurant, which has recently been refurbished throughout including new frontage, situated in a prime location. Briefly comprising:

Ground Floor
• Restaurant with modern fitments, wooden flooring, and recessed ceiling spotlights, tables and chairs for 52 covers
• Bar and counter area with 2 points of dispence, electronic cash register, optics display and chiller.
• Ladies and gents WCs
• Storeroom
• Commercial kitchen with non-slip flooring, double stainless steel sink, double fryer, stainless steel preparation tables and extraction, 6-burner hob and oven, 4-burner hob and oven and double stainless steel refrigerator.

External
• Rear enclosed patio area with storage shed containing 2 x refrigerators
• Staff WC facilities

Business Operation

Trading hours:

Mon - Thurs: 6.00pm - 10.00pm
Fri - Sat: 6.00pm - 12.30am
Sun: Closed