Impressive 80 seat Indian Restaurant For Sale - Weston super Mare, Somerset, United Kingdom

Asking price: £145,000

Sales revenue: £250,000

Business description: Well established and impressive fully licensed 80 seat restaurant prominently positioned adjacent to the sea front in this popular seaside town. Serving modern Indian cuisine takings are advised at £4,500 to £5,000 per week on a margin of 65 to 70%. A 2 / 3 bedroom flat is available above the restaurant from the landlord on a separate tenancy agreement. This excellent business is presented to a high standard with wood flooring throughout the restaurant area, quality decor and nice fixtures and fittings. With 80 covers in total there is an area through an archway which can be utilised for private parties up to 40 covers. The restaurant is well known in the town and benefits from a steady all year round trade from the local community and further enjoys a seasonal boost. Also popular is the takeaway and home delivery service. The restaurant also features a pleasant bar servery with comfy sofas and stools in the waiting area. There is also a well equipped catering kitchen, small ground floor cellar for beer keg storage, customer toilets and a mezzanine floor with a walk in cold store (currently unused), additional storage and a staff wc. We are advised that the property is held on a 23 year lease which commenced in 2003 with rent reviews every 5 years. The current rent is £18,000 per annum exclusive and the next review due in 2013. We are further advised that the rates payable are approximately £5,000 per annum. In summary, this is a well established business with a good reputation, prominently positioned in this popular seaside town just a stone's throw from the beach and offering owner accommodation above the premises. Viewing a must.

Years established: 5 years

Property : Leasehold

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