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Business for sale in United Kingdom - 8897cv warwickshire lh 175000 indian restaurant

| Asking Price: | 175,000 £ | |
Real Estate: | Lease | |||||||
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| Sales Revenue: | 1 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 2002 | ||||||||||
| Employees: | 6FT, 2PT | ||||||||||
| # of family members employed: | 2FT | ||||||||||
| Location criteria: |
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Business types:
Accommodation & Food services
Business categories:
Restaurants
Business description

THE BUSINESS Advent Business Sales is pleased to have been instructed to offer to the market this very well established Indian restaurant with excellent future potential. Founded by our vendors 5 years ago the business is now being offered for sale to enable them to pursue an unrelated business venture. The restaurant offers a large and varied menu of Indian and Bangladeshi dishes and is also able to offer a full range of alcoholic drinks. This exceptional restaurant has been tastefully decorated to a very high standard and has an excellent ambience throughout. The restaurant achieves an excellent 6 7,000 per week gross turnover. The large kitchen includes: 12 burner gas cooker with 2 ovens under and extraction over 1 burner stockpot cooker 2 industrial microwaves 2 hot plates Tandoor oven Coffee machine Large combined walk in fridge/freezer Various stainless steel prep tables A grill Single chip fryer Chest freezer Glass washer Ice maker This is quite an exceptional restaurant, which must be viewed to be fully appreciated. REF 8897B STAFF DETAILS The restaurant employs 8 full time staff including the 2 vendors and 2 part timers, who work only Friday an Saturday s when it is recommended that diners should always book a table, as they are so busy. TRADING HOURS Mon-Thurs: 5.30pm 11.30pm Fri Sat: 5.30pm - 12midnight Sun: 5.30pm 11.30pm EXPANSION POTENTIAL There is plenty of scope to increase sales and profits further by: 1. Opening at lunchtimes, especially at the weekend 2. Putting a large sign on the main road to advise that open 3. Advertise more as very little is done presently FINANCIAL INFORMATION We have been advised by the vendor of the following: Weekly sales: 6,500 Gross Profit: 70% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES A large single storey premises with approximately 100 covers and briefly consisting of: Ground Floor Side entry into reception area with coffee table and leather sofas, attractive bar with stools Main restaurant with raised seating by all the window tables and all with padded chairs Central dining area Tiled floor throughout, sunken spot lights, very well decorated and with a good ambience Rear of restaurant, w/c s, disabled w/c Good commercial kitchen with comprehensive range of units, large walk in fridge/freezer 2 stock rooms Office Staff room with w/c Rear exit to large container unit for dry storage 50 space car park The premises are fully double glazed, are alarmed and has CCTV with 4 cameras
Additional information

| Additional information: | download |
|---|---|
| Support & training: | Not Disclosed |
| Reasons for selling: | to pursue an unrelated business venture. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | no |
|---|---|
| Lease: | yes |
| Lease terms: | Leasehold Original lease: 25 years Remaining lease: 20 years Review every: 5 years Rent: £7,623 per annum We are advised that the annual business rates are currently: £24,000 |
| Location: | LOCATION The restaurant has a very good location as it is centrally situated between the densely populated towns of Nuneaton, Bedworth, Coventry and Hinckley. The M6 and M69 motorways are both nearby and give excellent road links to the surrounding counties. The restaurant has its own very large car park, which can accommodate up to approximately 50 vehicles. |
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