Pub And Restaurant With Circa 100 Covers | | Undisclosed West Midlands | | WEST MIDLANDS PUB AND RESTAURANT WITH CIRCA 100 COVERS well presentedwith new buyer having to do nothing on takeover high visibility location on busy arterial road A/T: £260,000 Scope for either Italian or traditional english L/H £150,000 +SAV REF: 111 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65440
ADVERT IMPRESSIONS : 16,435 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Indian Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £150000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The restaurant has an excellent high visibility location on a very busy arterial road in an affluent part of the West Midlands
It also benefits from its own large car park
HISTORY
The vendor founded the restaurant over 2 years ago during which time a regular and loyal customer base has been established
REASON FOR SALE
The restaurant is only now being reluctantly offered for sale to enable the vendor to concentrate on his other business venture
PRODUCTS
The business operates as a traditional Indian and Bangladeshi restaurant with a menu consisting of the many popular dishes including:
Starter savouries
Appetisers
Tandoori oven specialities
Special chefs dishes and house specialities
Exotic fish
Korai, balti and biryani dishes
Set menus
Traditional English selection
Vegetarian dishes
Salad selection
Naan breads, rice and roti
The premises also benefits from a full alcohol license
The restaurant offers a free home delivery service within a 3 mile radius with delivery charges applying outside of that area
There is also a 10% discount from the menu price for all takeaways which are collected
CUSTOMERS
The restaurant has a loyal and regular customer base drawn from the many affluent villages which surround the business
In addition, it benefits from being situated on a busy main arterial road and so has a lot of drop in custom
STAFF
The restaurant has 3 full time staff in the kitchen plus a part timer for 10 hours at the weekends
In addition, it employs 3 full time front of house staff plus a part timer for 10 hours at the weekends
There is also a part time driver through the week and 2 at the weekends
TRADING HOURS
5pm 11.30pm 7 days a week
However, the restaurant can operate from 10am 11.30pm 7 days per week
FINANCIALS
The vendor has informed us that gross margins are approximately 56% and that total monthly sales are as follows:
Sales £5,000 per week
Stock holding £18,000
STRENGTHS
A good established business which has now been operating successfully for over 2 years
Extremely well presented restaurant with a new buyer having nothing to do on takeover
Excellent high visibility location on a very busy arterial road in an affluent area
Loyal and regular customer database
Weekly sales which are already averaging circa £5,000
PREMISES
Business Premises:
Entry from own large car park with circa 40 spaces into the restaurant waiting area with seating for approximately 14
Attractive open fire place
Rear male and female w/cs
Laminated floor & ceiling spot lights
Restaurant which is set for 68 covers but can be expanded to take up to 100 covers
Fantastic bar area with oak counter, 4 under counter refrigeration units and commercial glass washer
Through from restaurant to desserts and coffee room
Under stairs cupboard
Spacious commercial kitchen which comprises:
o Tandoor oven, twin deep fat fryer, 12 ring gas burner with 2 ovens under and extraction over, 2 microwaves, 2 hot cupboards, 3 upright fridges
o Walk in cold room, 3 chest freezers, ice cream freezer, coffee machine, under counter fridge, fly zapper
o Range of stainless steel work benches
Living Accommodation:
Ground floor cellar with side exit
Stairs to first floor residential area which includes:
3 double bedrooms 2 of which have built in cupboards, boiler room, office, kitchen with range of wall and base units, shower room, separate w.c, loft bedroom with en-suite
The premises have the added advantage of being double glazed and with its own alarm system
SCOPE
The vendor has informed us that there is genuine potential to increase both sales and profits by:
1. Opening at lunch times to attract potential customers from the nearby large industrial estate
2. Add other menu options such as pizza
3. Have a marquee erected during the summer so customers can eat alfresco
4. A new owner could live on the first floor which has 3 double bedrooms and could accommodate quite a large family
5. Can be changed to an Italian or traditional English restaurant
TENURE
Leasehold
Original Lease: 10 years
Lease Remaining: 8 years
Rent Review: 3 years
Rent: £20,000 per annum
Rates: £7,200 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1111B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
