Exquisite Indian Restaurant Shoreham West Sussex | | Shoreham by Sea West Sussex | | Phoenix Business Agents are delighted to place onto the market an exquisite Indian Restaurant which has been established since 1991. The business has been in the hands of the current owners since 1991 and they now wish to sell due to religious reasons. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68875
ADVERT IMPRESSIONS : 5,477 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Indian Restaurants | | SALE: | Agent Sale | ASKING PRICE: | £490000 | FREEHOLD: | £490000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Shoreham area of West Sussex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of community and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A270, A293, A27, and good railway links.
Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £390,000 pa with a net profit of £100,000 (See financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market an exquisite Indian Restaurant which has been established since 1991. The business has been in the hands of the current owners since 1991 and they now wish to sell due to religious reasons.
Services
This very good business opportunity provides Indian food, alcohol and home deliveries
Staffing
The concern employs 10 part-time staff and the wages are £36,400 pa.
Owners Role
The owners role is to manage and overrun the business.
Marketing
The owner markets the business in Businesses For Sale.Com and has a website.
Competition
As far as competition is concerned there is none in the immediate vicinity
Market
The client base consists of local community, business persons, and loyal customers built up over the years 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.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
With an enhanced website.
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 is part of a parade of shops and is approximately 70ft x 20 ft. The front is branded with an attractive glass front. The main customer service area is carpeted with a bar. It is very well presented and is very conveniently laid out.
The restaurant has 70 covers. The customer service point is to the front of the premises. There is an overhead menu. There are customer toilets.
To the rear is a store room. There are a toilet, staff facilities and a fully equipped kitchen.
There is also a 5 bed roomed flat situated above the premises that belongs to the business and planning permission has been obtained 4 months ago which allows premises to be extended if required.
First Floor
On the first floor there is a 5 bedroom flat.
External
To the front there is free parking.
To the rear is a driveway and off street parking.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £120,000.
Financial Details
The present turnover is £390,000 pa with a gross profit of £137,000 and a net profit of £100,000. The wages are £36,400. The present value of the stock is £4,000. The potential turnover of the business within the next 2 years is forecast to reach £460.000 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: 12.00pm 2.30pm and 5.00 11.00pm
Tenure
The business is Freehold and the rates are £3,800.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £490,000
Ref: 2368
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: | 2368 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
