Well Established Indian Restaurant With Accommodation For Sale

Business description

Established as a takeaway for over 25 years and under the current ownership for the last 5 this particular Fully Licensed Indian restaurant has been maintained to a very high standard of decor. The business is situated on a secondary parade very close to the main high street and directly opposite a large Somerfield supermarket. The business is surrounded by a Boots, Hairdressers, Retail, Doctors surgery and a large Vauxhall dealership is close by. This traditional Indian Restaurant and takeaway also offers deliveries within a 3 mile radius. Along with offering the usual delights such as Masala, Balti, Biriyani, Bhuna, Korma and Jalfrezi they have specialities like Anardana, Murghi, Bemisal and Manzila dishes.

Turnover:
Turnover on accounts ending 30th November 2008 showed £85,359 with a gross profit of approximately 70%
We are informed that the turnover has significantly increased.

Reason for Sale:
The Vendor is selling as he lives in London and the travel is now becoming too much.

Equipment:
3 x small drinks fridge, till, coffee machine, 10 burner cooker with double commercial oven, 2 x hot plate prep stations, microwave, tandoori oven, several fridges and freezers including a drinks fridge and dessert/ice cream freezer.

Stock:
Stock to be purchased separately at valuation, we are informed the stock levels are kept between £2,000 - £3,000

Rates:
Business rates payable of approximately £5,500 per annum.

Legal Fees:
Vendor and purchaser to be responsible for their own legal costs. Purchaser to meet landlords any reasonable cost when establishing a new lease.

Property information

Property:

Leasehold

Location:

Property:
4 large separate display windows with a single door entrance within a recess for a front entrance of the restaurant which houses over 50 covers. Directly opposite the entrance the is an exceptionally presented bar with stools. Colour changing wall lights and a spotlighted ceiling amongst a wood floor throughout. The Restaurant is fully air conditioned and the ladies/gents/disabled toilets are of a very good standard being fully tiled. There is rear access with 2 parking spaces. The property come complete with a self contained 3 bedroom flat which is currently occupied by staff only.

Other information

Trading hours:

Sunday to Thursday 5.30pm - 11.30pm, Friday and Saturday 5.30pm - Midnight.