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High End South Indian Restaurant, Prime City Centre Location

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
213472
Reference
18012-96307 / Rightbiz
Leasehold Price: £115,000
Annual Turnover: £300,000
Annual Net Profit: £300,000

This successful and profitable business, provides an extensive high quality range of specialty South Indian cuisine for city centre dining, takeaway and delivery market. Trip Advisor and Google show excellent customer ratings for this restaurant.
This city centre restaurant, is situated in a prime location in LS1, surrounded by bars, clubs, theatres, Leeds Arena, shops, businesses and residential apartments. The restaurant has recently (September 2017) started a take away service, which is proving to be very successful so far, and is rated highly with Deliveroo.

The restaurant opening hours are 12.00 – 2.30, and 5-11pm Tuesday to Sunday. There is a significant opportunity for the new owner, to increase turnover and profitability further, by extending the opening hours, and opening 7 days per week.

The restaurant, is licensed, has 50 covers, and its’ main dining area is on the ground floor. The restaurant and bar are attractively furnished.

• The restaurant was established in 2016 by the current owner, has high repeat business due to its’ excellent reputation with the local clientele and visitors, for serving high quality South Indian cuisine.

There is a high footfall in this prime location, and this will increase – there is a development of 350 luxury, 2-bed apartments across the street, which is due for completion in 2018. In addition, planning permission has been granted for the extension of a major shopping and retail complex, in close proximity to the restaurant.

The business turnover in 2017, was around £300,000, is managed by the owner and his wife, assisted by 1 part time staff member.

Business Details
• Staff overheads are low.
• The business premises are leased. The lease has 6 years left to run, and 3 years break clause if tenant wishes
• Rent is £26,000 per annum
• Business Rates are £8,000 per annum
• Awaiting EPC Certificate
The restaurant has developed a fine reputation for its' unique South Indian Cuisine. It has a growing clientele - from the local city centre dwelling population, to the theatres and Leeds Arena concert population.

Key Financial Information

Turnover projection for 2018
£330,000

Adjusted Net Profit projection for 2017
£50,000

There is a significant grow potential for the new owner, in expanding the opening hours and days to 7 days per week, as well as expanding the takeaway/delivery service - though this service only started in November 2017, takings were already £3,000 in January 2018.

Further development of 350 luxury 2-bedroom apartments, located directly across the street, and due to be completed in 2018, will bring in an extra customer base of around 1,000 people...

This successful and profitable business, provides an extensive high quality range of specialty South Indian cuisine for city centre dining, takeaway and delivery market. Trip Advisor and Google show excellent customer ratings for this restaurant.
This city centre restaurant, is situated in a prime location in LS1, surrounded by bars, clubs, theatres, Leeds Arena, shops, businesses and residential apartments. The restaurant has recently (September 2017) started a take away service, which is proving to be very successful so far, and is rated highly with Deliveroo.

The restaurant opening hours are 12.00 – 2.30, and 5-11pm Tuesday to Sunday. There is a significant opportunity for the new owner, to increase turnover and profitability further, by extending the opening hours, and opening 7 days per week.

The restaurant, is licensed, has 50 covers, and its’ main dining area is on the ground floor. The restaurant and bar are attractively furnished.

• The restaurant was established in 2016 by the current owner, has high repeat business due to its’ excellent reputation with the local clientele and visitors, for serving high quality South Indian cuisine.

There is a high footfall in this prime location, and this will increase – there is a development of 350 luxury, 2-bed apartments across the street, which is due for completion in 2018. In addition, planning permission has been granted for the extension of a major shopping and retail complex, in close proximity to the restaurant.

The business turnover in 2017, was around £300,000, is managed by the owner and his wife, assisted by 1 part time staff member.
Please call Peter Parfaniuk, Transworld Business Advisors on 07808 716052 to make an appointment to view this thriving business

Business Details
• Staff overheads are low.
• The business premises are leased. The lease has 6 years left to run, and 3 years break clause if tenant wishes
• Rent is £26,000 per annum
• Business Rates are £8,000 per annum
• Awaiting EPC Certificate
The restaurant has developed a fine reputation for its' unique South Indian Cuisine. It has a growing clientele - from the local city centre dwelling population, to the theatres and Leeds Arena concert population.
Please call Peter Parfaniuk, from Transworld Business Advisors, to make an appointment to view

Key Financial Information

Turnover projection for 2018
£330,000

Adjusted Net Profit projection for 2017
£50,000

There is a significant grow potential for the new owner, in expanding the opening hours and days to 7 days per week, as well as expanding the takeaway/delivery service - though this service only started in November 2017, takings were already £3,000 in January 2018.
Further development of 350 luxury 2-bedroom apartments, located directly across the street, and due to be completed in 2018, will bring in an extra customer base of around 1,000 people...
Call Peter Parfaniuk of Transworld Buiness Advisors on 07808 716052 to view this thriving business

Listing Details
Location: Undisclosed, Undisclosed
Sector: Indian Restaurants, Restaurants
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Advert Reference: 18012-96307 / Rightbiz

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