Pub And Restaurant With Circa 100 Covers For Sale

Business description

HISTORY

• The vendor founded the restaurant over 2 years ago during which time a regular and loyal customer base has been established

REASON FOR SALE

• The restaurant is only now being reluctantly offered for sale to enable the vendor to concentrate on his other business venture

PRODUCTS

• The business operates as a traditional Indian and Bangladeshi restaurant with a menu consisting of the many popular dishes including:
• Starter savouries
• Appetisers
• Tandoori oven specialities
• Special chef’s dishes and house specialities
• Exotic fish
• Korai, balti and biryani dishes
• Set menus
• Traditional English selection
• Vegetarian dishes
• Salad selection
• Naan breads, rice and roti
• The premises also benefits from a full alcohol license
• The restaurant offers a free home delivery service within a 3 mile radius with delivery charges applying outside of that area
• There is also a 10% discount from the menu price for all takeaways which are collected

CUSTOMERS

• The restaurant has a loyal and regular customer base drawn from the many affluent villages which surround the business
• In addition, it benefits from being situated on a busy main arterial road and so has a lot of ‘drop in’ custom

STRENGTHS

• A good established business which has now been operating successfully for over 2 years
• Extremely well presented restaurant with a new buyer having nothing to do on takeover
• Excellent high visibility location on a very busy arterial road in an affluent area
• Loyal and regular customer database
• Weekly sales which are already averaging circa £5,000










DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

• Leasehold
• Original Lease: 10 years
• Lease Remaining: 8 years
• Rent Review: 3 years
• Rent: £20,000 per annum
• Rates: £7,200 per annum

Leasehold rent:

£20,000 per annum

Living accommodation:

• Ground floor cellar with side exit • Stairs to first floor residential area which includes: • 3 double bedrooms – 2 of which have built in cupboards, boiler room, office, kitchen with range of wall and base units, shower room, separate w.c, loft bedroom with en-suite • The premises have the added advantage of being double glazed and with its own alarm system

Location:

• The restaurant has an excellent high visibility location on a very busy arterial road in an affluent part of the West Midlands
• It also benefits from its own large car park

Premises details:

• Entry from own large car park with circa 40 spaces into the restaurant waiting area with seating for approximately 14
• Attractive open fire place
• Rear male and female w/c’s
• Laminated floor & ceiling spot lights
• Restaurant which is set for 68 covers but can be expanded to take up to 100 covers
• Fantastic bar area with oak counter, 4 under counter refrigeration units and commercial glass washer
• Through from restaurant to desserts and coffee room
• Under stairs cupboard
• Spacious commercial kitchen which comprises:
o Tandoor oven, twin deep fat fryer, 12 ring gas burner with 2 ovens under and extraction over, 2 microwaves, 2 hot cupboards, 3 upright fridges
o Walk in cold room, 3 chest freezers, ice cream freezer, coffee machine, under counter fridge, fly zapper
o Range of stainless steel work benches

Business Operation

Expansion potential:

• The vendor has informed us that there is genuine potential to increase both sales and profits by:
1. Opening at lunch times to attract potential customers from the nearby large industrial estate
2. Add other menu options such as pizza
3. Have a marquee erected during the summer so customers can eat alfresco
4. A new owner could live on the first floor which has 3 double bedrooms and could accommodate quite a large family

Trading hours:

• 5pm – 11.30pm 7 days a week
• However, the restaurant can operate from 10am – 11.30pm 7 days per week

Employees:

• The restaurant has 3 full time staff in the kitchen plus a part timer for 10 hours at the weekends • In addition, it employs 3 full time front of house staff plus a part timer for 10 hours at the weekends • There is also a part time driver through the week and 2 at the weekends

Years established:

2

Other information

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