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Nepalese/Indian Licensed Restaurant In Hampshire For Sale

Fleet, Hampshire, UK
Asking Price:
£60,000
Sales Revenue:
£164,600
Cash Flow:
Available on request

The Kathmandu-Fleet is a well-established and popular fully licensed restaurant on the main High Street (Fleet Road) of this busy Hampshire town adjacent to the Hart shopping centre, other major shopping outlets, bars, pubs and leisure locations.
The business was established in its current guise in 2015 and enjoys fully licensed status. The restaurant is currently opening in evenings only 6 days a week offering expansion potential and whilst the Kathmandu enjoys an excellent reputation and reviews, the fitout could lend itself to easy conversion to other cuisines. Reviews include Google (4.4*, 187 reviews), TripAdvisor (4*, 180 reviews), Facebook (4.6/5) and Restaurant Guru (4.2, 382 reviews). The business currently trades as a dine in restaurant and also enjoys a lucrative takeaway and delivery trade with its own online ordering system as well as Just Eat and Deliveroo.
The kitchen was refurbished in 2020 and includes a large gas range with up-to-date ventilation/extraction, separate preparation area, walk in refrigerated room and small office/storeroom. The well-furnished and comfortable dining area can accommodate up to 50 covers.
There is no residential accommodation.

Although the restaurant’s takings were as to be expected reduced during 2020 and 2021 due to COVID closures they remained profitable. Turnover was 182K year ending Jan 2020 and 165K in COVID affected year to Jan 2021. Turnover (subject to final accounts) rose to over 215K in year ending Jan 2022.

Property Information

Property:

Leasehold

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