Leasehold Indian Restaurant Located In Redditch

Leasehold Indian Restaurant Located In Redditch
Opportunity To Increase Turnover With Alcohol Sales
40 Seater Restaurant
Fully Fitted
Ref 3247

Asking Price £85,000 plus SAV (£2,000)

Location
This established Indian restaurant is located in in Redditch, Worcestershire. Occupying a prominent and highly visible trading position within a large housing estate. Redditch town centre is just (2 miles) away.

Business Description
Veritas Business Sales are delighted to offer to the market this busy Indian Restaurant which is located in Redditch. The restaurant was established in 2010 and has been in the ownership of our client for the 12 months. They are now offering the restaurant for sale due to other overseas business interests requiring their full attention.
Since taking ownership, they have kept the premises in good order and invested in equipment along with fixtures, and fittings. All items are owned outright and included within the sale price, representing a significant benefit to any new purchaser, as no major additional expenditure should be required. The Business is owner managed with the assistance of 5 full time and 4 part time staff members and has an average weekly turnover of circa £7,000. Approximately £2,000 is generated from restaurant sales, with the remaining £5,000 deriving from takeaway. The takeaway split is £2,700 from collection by telephone orders, £1,300 from their own website and the remaining £1,000 from Just Eat & Deliveroo. They serve traditional and diverse Indian dishes, freshly prepared to order, which can be enjoyed in a relaxed and cosy dining environment. Customers may also bring their own alcohol. The current owner is operating without serving alcohol for personal reasons.
We believe there is scope to further increase turnover by introducing alcohol sales and you could covert the side garden into a beer garden. The previous owner served alcohol and enjoyed weekly turnover of circa £9,000. The business has built a strong reputation within the local community and beyond, resulting in a high level of repeat and regular custom. This is an excellent opportunity to acquire a fully fitted restaurant where much of the hard work has already been completed. Early viewing is highly recommended.

Opening Times
Monday – Sunday – 16:30 – 23:00

Leasehold
Term: 5 years (new 10 year lease available)
Remaining: 4 years
Rent: £15,000 pa
Rates: £3,600 pa

Ground Floor
Entrance door leading to serve over counter and delivery collection area with upright drinks fridge and customer seating area.
Restaurant with tables and chairs to cover (40), fire exit, pull down ladders leading to 3 x storage rooms in the loft space.
Kitchen comprising: CCTV monitor (8 camera system), stainless steel hot cupboard (Moffet), 2 x small stainless steel hot cupboards, stainless steel table with pass, 5 burner Indian cooker, 7 burner Indian cooker, 3 x wall mounted stainless steel shelves, extraction canopy, deep fat fryer, tandoori oven (Shaan Tandoori), two door stainless steel fridge (Polar), undercounter freezer (Hoover), upright freezer (Whirlpool) upright freezer (Beko) metal storage unit, undercounter freezer (Bush), 2 x microwaves, wash basin, dual stainless steel sink, 2 x wall mounted metal draining racks, combination boiler (Worcester Bosch).
Dry stores with under counter freezer (Whirlpool), chest freezer, metal shelf, microwave, storage unit.
Hallway with wall mounted hand dryer to service both toilets, rear exit door and storage cupboard.
Ladies toilet with WC, wash basin, wall mounted mirror.
Gents toilet with wash basin.
The property benefits from gas fired central heating

External
Front off road parking for (5). Side garden. There is ample free parking nearby.