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Accommodation & Food services

Restaurants

Established for many years but under the stewardship of the current Owner for the past twelve months or so, this restaurant is ideally placed in an area of Portsmouth well known for its lively nightlife, restaurants, pubs, clubs and kebab houses. Under the current Owner it has become a firm favourite, particularly amongst the large volume of students and club goers attracted by the high quality contemporary Indian cuisine for which this business has established an excellent reputation. Customers visiting this outlet can be assured of exquisitely appetising dishes created by an expert chef and served efficiently and courteously by its team of waiters. All dishes are created using the chef s culinary expertise combining select fresh ingredients, freshly ground herbs and spices with traditional methods of cooking, to create a mouth-watering taste. The care that the chef takes in creating each individual dish means that this business doesn t serve fast food but rather food that is created in the traditional style of an Indian home as passed down through the generations. Approximately 70% of turnover is eat in with the remainder takeaway. Every detail from the dishes to the d cor is overseen with great care and attention to maintain the authenticity and high standards of this popular venue. The wine list is extensive and reasonably priced. The atmosphere is relaxed and informal with fresh, crisp linen tablecloths and napkins. Customers are greeted by charismatic and relaxed waiting staff making dining at this restaurant a special occasion whatever the event. This restaurant occupies the ground and first floors of the premises, in a good position on a street well known for its restaurants, bars, pubs and clubs. The premises are air conditioned, very modern, light and airy and very attractively furnished, holding approximately sixty covers in all with a Bar area to the front of the Ground Floor. The kitchen is of a good size with ample storage space and is well fitted with all the equipment you would expect from a restaurant of this type. There is additional storage space to the First Floor. The premises are currently leased with approximately 25 years remaining on the current Agreement with an annual rent of 14,000 per annum. Rates are 1,200 per annum. With turnover of approximately 150,000 per annum a large proportion of which is cash, this represents an excellent opportunity to acquire a very well established restaurant in a good location generating high levels of footfall. Customer Service: The business has an excellent reputation built mainly by word of mouth for offering excellent, authentic, cuisine combined with a friendly and relaxed service. Staff are always polite and friendly which is one of the main reasons this business has been so successful. Key strengths: If location is the key to success in the restaurant business this outlet can be nothing but successful, located as it is in an area of Portsmouth packed with bars, clubs, pubs and restaurants all combining to draw large volumes of customers to the area, particularly at weekends. The standard of the food, created by an award winning Chef - a former Indian Chef of the Year - combining select fresh local ingredients, freshly ground herbs and spices with traditional methods of cooking has ensured this business has an excellent following of loyal customers. A high proportion of turnover comes from regulars . This business operates from very well appointed premises light, bright and airy with a contemporary feel. Refurbished on opening under the current Owner, everything front of house is new. Built on a reputation for providing a good quality product , the restaurant is in the enviable position of being relatively easy to run. It has an excellent reputation for good quality food at an affordable price and is especially well known for its speciality dishes based on the expertise and experience of the Owner, the Chef and the business s excellent relationships with its high quality suppliers. Key opportunities: There is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for Indian food, combined with a capacity to increase turnover, a new owner contributing fresh ideas and particularly acting as an Owner/Operator will have every advantage of building on an excellent platform. With other business commitments, the current Owner is very much hands off with dedicated management in place, the current Owner estimates turnover could easily increase by a minimum of 50% with an attendant increase in profitability. The business is ideally situated, in an excellent position and the current owner has established a strong base on which to grow. At peak times during the week this business has to turn customers away. With the right staff in place this business could easily extend its opening hours to stay open a little later in the evenings and open occasional lunchtimes, to significantly impact on turnover and profitability. With very few if any Thai restaurants in the area, the restaurant could easily be converted to this form of cuisine to significant effect.

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