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Long Established Indian Restaurant

Derby, Derbyshire
Leasehold Price:
£50,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
245862
Reference
B05382 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market The Mahmaan Indian Restaurant & Takeaway in Derby. This long-established business has been operated by the current owners for over 10 years in which time it has built up an excellent reputation for quality and service and which due to family commitments this very rare and exciting opportunity has now become available.

The site has been refurbished by the current vendor to a very high standard and represents a turn key business opportunity for a new owner to either continue with the current food offering and business model or to put their own spin on the site and take this golden opportunity to the next level. The business currently serves a range of delicious freshly prepared Indian dishes for consumption either on or off-site via a home delivery service.

The venue itself lends itself brilliantly to special occasions with over 70 covers in total spread out over the main trading area and first floor making this space ideal for private parties. The business has built up a strong and loyal customer base with the chef being shortlisted for the 2014 curry awards. The business opportunity would suit either an established operator looking for an additional site in a  busy and sought-after location or an individual or partnership looking for a site with the benefit of an established trading history with further growth potential, the opportunity represents excellent value with very affordable in-going and running costs for a site of this size.

The current owners have developed a website with a new on-line ordering platform and have an active social media presence which could be developed further. 5 Star Hygiene rating, Free delivery service. www.mahaan.co.uk.



Location
Situated along Smalley Drive in the sought-after Oakwood area of Derby City, the site is easily accessible on foot and by all modes of transport just a short drive off the A52 inner ring road with excellent local road network links surrounding the site which has the added benefit of ample customer car parking.



Premises
Two storey premises located in amongst a modern retail development with ample customer and vendor parking to the front and rear of the property. Front entrance through to main trading area (40 covers) with bar servery and service counter, recently purchased tables and chairs, customer sofas.

Fridges & chillers fully fitted kitchen to the rear of the property with multi-ring gas hob with fully stainless-steel surround an extractor over, stainless food preparation units and storage binnacles access out to rear car park. To the first floor is an additional dining area (30 covers) Storage room with walk in cold store, additional storage cupboards, Ladies & Gents WC, fully air conditioned.



Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £23,500 per annum with 12 Years remaining on the current 25 Year lease.



Hours
5.30pm to 11.00pm Seven days a week.



Staff
The business is run and managed by the current vendor with the assistance of 8 x staff members.



Financial Profile
We are advised the business is currently turning over in the region of £156,000 per annum trading evenings only. There are currently no business rates payable.



Seller Details
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Listing Details
Leasehold Price: £50,000
Tenure: Leasehold
Sector: Restaurants, Bars
Financials
Annual Turnover: £156,000
Location Statistics
What's nearbyi:
Volcovape (approx. 0 mile)
Corporate Massage Therapy (approx. 0 mile)
Pick'N'Mix Sound and Light (approx. 0 mile)
Zach's Coffee House (approx. 0 mile)
The Appliance Medic (approx. 0 mile)
Cathedral Quarter Hotel (approx. 0.3 mile)
The Flowerpot (approx. 0.3 mile)
Jurys Inn Derby (approx. 0.3 mile)
Best Western The Stuart Hotel (approx. 0.5 mile)
Coach and Horses (approx. 0.8 mile)
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