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BUSINESS REFERENCE : 10050 / RightBiz LEASEHOLD INDIAN RESTAURANT FOR SALE IN STAFFORDSHIRE | | | | | | Indian Restaurant Staffordshire T/O: £299,000 GP: 65% Highly regarded business. Prime trading location. Excellent levels of repeat custom. Well appointed premises. Excellent opportunity. | | | BUSINESS LOCATION: | Undisclosed Staffordshire UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £145000 | ANNUAL RENT: | £20000 | | | | | | | | | | | BUSINESS DETAILS: | Location
This exceptionally well presented Indian restaurant occupies a prime, highly visible trading location in Staffordshire. The restaurant is situated within a busy parade, on a main through road, close to the centre. The business benefits from having many neighbouring retailers and commercial businesses, which attract shoppers and visitors to the area throughout the year. This area is a highly desirable business and residential location due to its excellent central shopping facilities, fine housing, good schools and beautiful surrounding countryside. It also benefits from having excellent road access via the A38 & A511 roads, making visiting and commuting very easy.
Business History
Bag A Business is delighted to offer for sale this very successful Indian cuisine restaurant, which was first established by our client in 2005. It is only now being placed on the market due to his strong desire to retire. The business, which is run and managed by our client with the assistance of staff, achieves a very respectable weekly turnover of £5,750, derived from offering excellent food and dining facilities. The restaurant has been exceptionally well decorated to a high standard, with all fixtures and fittings being less than 3 years old. This is one of the best presented restaurants in the area, which enjoys excellent levels of repeat trade, as well as obtaining new customers regularly from word of mouth recommendations. We feel that this opportunity offers a new owner an excellent base to build upon and we urge early viewing of this thriving restaurant.
PROPERTY DETAILS
3 storey, mid parade restaurant with 90 covers, full alcohol licence and possible living accommodation, briefly comprising:
GROUND FLOOR
Glass fronted building
Secure front entrance
Open plan dining area with 35 covers
Bar
Reception/payment area
Glass storage and drinks display
Ladies', gents' and disabled W/Cs
Fully fitted, stainless steel commercial kitchen
FIRST FLOOR
Open plan dining area
55 covers
Side serving area
Ladies and gents W/Cs
Secure dry storage room
SECOND FLOOR
Main room currently used for storage
Sectioned area (currently used as a prayer room)
OPENING HOURS
Mon - Thu: 5.30pm - 11.30pm
Fri & Sat: 5.30pm - 12.30am
FINANCIAL DETAIL
W/T: £5,750 approx
GP: 65%
TENURE
Leasehold
Original length: 21 years
Remaining length: 19 years
Rent: £20,000 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10050 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
