Thriving India Restaurant With Living Accommodation | | Bexhill on Sea East Sussex | | Phoenix Business Agents are delighted to place onto the market this busy Restaurant which has been established since 2008. The business has been in the hands of the current owner since inception and he now wishes to sell due to other businesses. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67237
ADVERT IMPRESSIONS : 6,191 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Indian Restaurants | | SALE: | Agent Sale | ASKING PRICE: | £195000 | LEASEHOLD: | £195000 | ANNUAL RENT: | £22000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the busy area of Little Common in Bexhill-On-Sea.
- Prominent location on main arterial road.
- Part of a parade of shops which is part of the local shopping centre.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked by both road and rail.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £300,000 pa with a high net profit (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides an Indian Restaurant and Take away service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy Restaurant which has been established since 2008. The business has been in the hands of the current owner since inception and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides an Indian Restaurant and Take away service.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in local papers web sites and has a website.
Competition
There is no local competition.
Market
The client base consists of locals and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product range.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and part of a parade of shops. The front is branded with an attractive glass front. The main customer service area has wooden flooring. It is very well presented and is very conveniently laid out and has been refurbished to a very high standard. The restaurant has 70 covers a Bar area and customer toilets. To the rear is a store room, staff facilities and a fully fitted kitchen.
First Floor
On the first floor is a 1 bedroom and 2 bedroom flat, both flats consist of living room, kitchen, bathroom, double glazing and full central heating. They both have separate access so could yield a good rental income.
External
To the rear is small garden area and large store room.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £60,000.
Financial Details
The present annual turnover is £300,000.The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £500,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Sunday 12noon - 11pm
Tenure
The original length of the lease was 20 years with 20 years remaining. The rent is £22,000 pa with a review in 5 years. The rates are £6,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £195,000
Ref: 2273
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2273 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
