Indian Restaurant For Sale

Business description

Advent Business Sales have been instructed to offer for sale this popular destination restaurant with excellent further potential.

Established by the vendors, the business is now reluctantly offered for sale due to the vendor’s family commitments.

The business is currently well staffed by 5 kitchen staff and 5-6 front of house employees with minimal day to day input from the vendors.

The restaurant offers an exciting range of authentic Indian cuisine plus a range of alcoholic beverages benefiting from a full alcohol licence and has won numerous awards recognising the quality of food available and the excellent levels of friendly service. Entertainment is also organised regularly and has proved extremely popular.

The premises is decorated to a very high standard with up to 90 cover air conditioned restaurant and bar area plus comfortable waiting area.

The premises currently has a small conservatory extension to the front of the premises which has been agreed will be reduced in size slightly with planning permission to extend the restaurant area further to the side and rear of the premises, with full planning permission in place.

There is also an unused area to the first floor which can easily be developed as living accommodation with minimal investment.
ref:8430WS

Property information

Lease terms:

TENURE: Leasehold
Original lease term: 15 years
Remaining term: 11 years
Review every: 3 years
Rent: £35,000 pa

We are advised that the annual business rates are currently: £4,800 after small business rent relief.

Living accommodation:

BUSINESS PREMISES Substantial detached premises, decorated to a very high standard with the added security of alarm and external CCTV cameras, and consisting of the following: Ground Floor - Entrance with vestibule leading into; - Main restaurant area with hardwood floor, suspended ceiling and fire exits, 90 covers. - Modern bar area, customer waiting area with leather sofas, - Ladies & Gents W/Cs decorated to a very high standard - Cooking and preparation area with separate entrance to rear. First Floor - Unused rooms, previously living accommodation including bathroom & w/c External - Customer car park with space for 40 vehicles. Security post at entrance - Landscaped and lawned area to rear of car park.

Location:

This popular award winning restaurant occupies substantial, detached premises on a main road with good volumes of passing traffic.
The area surrounding is perhaps the most affluent area of the West Midlands with excellent transport links with access to the M6 & M6 Toll and the M42.
There are excellent parking facilities with the restaurant having its own car park with marked out bays for approximately 40 vehicles.

Other information

Expansion potential:

This established business offers excellent potential for growth including a takeaway & delivery service for which there is high demand locally. As previously mentioned the business currently has only minimal front of house input from the owners, offering further increased profits for an owner operator/ chef.

Trading hours:

7 Days a Week

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

• 
• Document