Indian Restaurant L/h Ł135,000 Bedfordshire 70covers Open To Offers | | Undisclosed Bedfordshire | | BEDFORDSHIRE INDIAN RESTAURANT- Est 5 yrs Highly visible location in affluent town 4 bed accomm to first floor W/S: Ł5,000 GP: 70% takeaways account for 25% of t/o -free delivery 70 covers - Scope for Expansion L/H: Ł135,000 REF: 9426LU Open to offers | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 40989
ADVERT IMPRESSIONS : 25,088 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | Ł135000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The restaurant has an excellent high visibility location on a busy through road of an affluent town in Bedfordshire. The area is principally residential although there is a nearby bed and breakfast, convenience store and estate agents. The towns of Aylesbury, Dunstable and Leighton Buzzard are all nearby.
The restaurant has its own car park which can accommodate up to 14 cars with overflow available on its grassy area or in the nearby streets.
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this very well established Indian restaurant which has been trading successfully for over 5 years.
The current vendors, who founded the business, are only now reluctantly selling to enable them to concentrate on their other restaurants which are nearer to home.
The restaurant has an excellent local reputation and was recently voted the restaurant of the year in the district of Aylesbury by its customers.
The restaurant has a good takeaway business, which accounts for circa 25% of turnover. They offer a 10% discount on takeaways and free home delivery within a 5 mile radius on all orders of Ł18 or more.
The restaurant serves with the British palette in mind, traditional Balti, curry and Tandoori dishes.
The restaurant has 70 covers in its very well presented premises and has a fully equipped kitchen which comprises:
8 ring mains gas burner with double oven under and stainless steel extraction over
Tandoori oven
Microwave
2 hot cupboards
2 stainless steel upright fridges
Coffee and expresso machines
Single glass door drinks chiller
Many stainless steel prep tables
The business employs 6 full time staff including the vendor and are currently achieving weekly sales of circa Ł5,000, which has in the past been as high as Ł10,000 per week.
We are advised that stock at cost is approximately Ł10,000.
REF: 9426LU
TRADING HOURS
Mon-Fri: 6pm 11pm
Sat: 12 2pm & 6pm 11pm
Sun: 12 2pm & 6pm 10.30pm
EXPANSION POTENTIAL
Our clients clearly have an outstanding Indian restaurant. It does however, offer excellent scope to increase both sales and profits in the near future by:
1. Opening at lunch times during the week
2. Convert the at present unused 4 bedrooms on the first floor into letting rooms or as staff accommodation
3. Planning permission exists to convert part of the ground floor to increase the covers available by an extra 30 to make 100 in total
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Weekly sales: Ł5,000
Gross Profit: 70%
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
Large detached converted public house with the restaurant and facilities on the ground floor, unused accommodation on the first floor and briefly comprising of:
Ground Floor
Entry from pavement into a lobby and then into the main body of the restaurant
2 seater comfy leather waiting sofa with coffee table facing bar, servery, real open fire, 2 x 42 plasma tvs
The restaurant has 4 dining rooms, which can be served separately for special functions or meetings varying in size from 10 to 26 people.
Side ladies w/c and side exit to car par
Rear gents w/c
Cellar storage
Kitchen is accessed from the rear of the bar and has a back exit
Stairs to first floor
First Floor
4 bedrooms
Bathroom and separate w/c
The restaurant has the added benefit of being alarmed and also air conditioned.
External
Large rear storage area of approx 20 x 12
Large rear garden with approx 10 garden benches
The restaurant has its own tarmac car park which can accommodate circa 14 cars. Additional parking is available on its own grassed area or free of charge in the nearby streets
TENURE: Leasehold
Original lease: 20 years
Remaining lease: 15 years
Review every: 5 years
Rent: Ł29,000
We are advised that the annual business rates are currently: Ł2,500 | | | | | | FOR SALE | | | | | REFERENCE: | 9426LU / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
