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Indian Restaurant With 5 Bedrooms In Tarporley For Sale

Tarporley, Cheshire
Asking Price:
£155,000 Furniture / Fixtures included
Sales Revenue:
£251,825
Cash Flow:
£42,689

Affluent Trading Location
Latest Accounts To 30 March 2018
Annual Turnover £251,825
Gross Profit £184,383
Accounts Available After Viewing
No Local Competition
5 Bedroom Accommodation
Scope To Introduce Lunch Time Trade
CCTV Fitted Throughout
Customer Car Park For 60
Customer Seating For 120
Free Of Tie
Potential To Introduce Outside Catering
Scope to Introduce Deliveries
Would Suit A Variety Of Cuisines
EPC - C

REF 6335 – Leasehold Indian Restaurant With Accommodation

Blacks Brokers are pleased to bring to the market this leasehold Indian restaurant with accommodation located in the much sought-after area of Tarporley, Cheshire.

INTRODUCTION

The Red Fox Indian Cuisine has been trading on Four Lane Ends in Tarporley since 2008 when our client took ownership from a family member. The business is well known in the local area and has established a large base of regular customers with an excellent reputation – there are numerous excellent reviews published on Facebook, Google and Trip Advisor. Our client has also introduced a comprehensive website with reservation system.

LOCATION

The business is located in the Tarporley area of Cheshire, close to the M56 and M6. This is an affluent area with little local competition. Public transport links are excellent, and the business has a large car park for around sixty cars immediately outside.

REASON FOR SALE

The business is only being offered for sale as our client under estimated the demand for the business and it has now become of a size that would suit a team of people rather than a single hands-on owner operator who is supported by staff.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 21 years and began in 2016 at a cost of £673 per week.

BUILDING LAYOUT AND DESIGN

The Red Fox Indian Cuisine operates from the ground floor of a spacious, detached property with accommodation positioned within the first floor. The business is well branded, with large signage displayed to the front and side of the property. Inside, there is a comfortable waiting area with well equipped bar. This leads to a large, open plan dining area offering seating for 120 – the restaurant is presented very well with a combination of wooden and tiled flooring and traditional open beam ceilings. The décor is neutral with artwork displayed. There are two customer toilets within this main area. To the rear is a large kitchen which is fully equipped with three five-hob burners, a double fryer, Polar fridge and cold room. The kitchen also has stainless steel worktops fitted throughout. There are two store rooms and CCTV is fitted throughout the business.

The first floor of this sizable property comprises of a large, five bedroom accommodation with two family bathrooms, fitted kitchen and living area. There is an enclosed yard to the rear of the property.

STAFF

The business is currently operating with eight full time members of staff in employment – this includes our client working on a full time basis overseeing the day to day running of this very busy restaurant.

FINANCIAL DETAILS

The Red Fox Indian Cuisine has traded solidly since opening. We are advised that the business currently has annual turnover of £251,825 with gross profit of £184,383 and a net profit of £42,689. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £9,600 per annum. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is well established and has a large customer base of regulars and an excellent reputation. The property has the additional benefit of extensive accommodation within the first floor – this may be sub-let if not required by a new business owner. There is plenty of scope to develop the business further with the introduction of a delivery service, and lunchtime opening. There is also space for functions and private parties, and this could suit a variety of cuisines – for example Chinese as there are no Chinese restaurants for over twelve miles. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sat - 5pm - 11pm
Sun - 2pm - 10.30pm

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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