Highly Profitable Oriental Restaurant In Prime Gloucestershire Location For Sale

Business description

Business Summary.

Fantastic opportunity to purchase a desirable restaurant, situated in an affluent market town based in the centre of the Cotswold. The present owner has various other commercial interests, based in Swindon and requires to concentrate on these business ventures and hence reason for sale, the owner would like a quick sale.

The restaurant is open Monday to Saturday, lunchtimes and evenings.

The restaurant caters for 90 covers, the kitchen area is fully equipped, with new kitchen equipment

10 year lease is currently in force at £ 23,000 per annum, with rent review in March 2012, pending.

The restaurant is situated in a central location, with near by car parks and steady footfall, there is limited competition in this market town, therefore an ideal business opportunity.

The present turnover of the business is £ 234,000, per annum.

Current Layout .

Ground Floor: Bar, waiting area, seating for 90 covers, customer toilets, kitchen/food preparation areas and additional storeroom.

First Floor: There are four individual rooms, and separate bathroom. The owner currently uses these rooms for stock. However there is potential to use these rooms as meeting /conference rooms, or convert these rooms to bedsits, due to separate acces

Property information

Property:

Leasehold

Business Operation

Reasons for selling:

The owner wishes to sell to concentrate on other business interests.