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Business for sale in United Kingdom - Ac252-award winning licensed indian restaurant with 110 covers and takeaway service-manchester
| Asking Price: | 250,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 1 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 1995 | ||||||||||
| Employees: | 6FT, 3PT | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business description
this is an excellent opportunity to acquire a well established award winning indian restaurant in a highly desirable busy location on the east side of manchester. The restaurant has featured on a number of occasions in the top 100 curry restaurants in the uk and has won numerous other local awards for their fine food, service and restaurant ambience. The restaurant serves freshly prepared indian food with a number of highly acclaimed traditional specialities including chicken and lamb tikka badami and a selection of tandoori dishes cooked in their authentic clay tandoori oven. The restaurant is beautifully decorated with a light and welcoming atmosphere to it, full air conditioning and seating for 110 covers. At the rear of the restaurant there is a customer car park with a cctv surveillance security system in place. They are open every day from 12 noon until 11.00pm and have a fully licensed bar serving a selection of draught beers and lagers with an extensive wine list. Over the years the restaurant has earned itself a first class name and reputation and has built up a loyal and regular clientele. New owners can only benefit from the sound foundations that the owner and his staff have laid and take the business forward over the coming years. Equipment: all of the fixtures, fittings and kitchen equipment necessary in the running of a 110 cover indian restaurant are included in the sale of the business. Included are two traditional tandoori oven and an eight ring grill. A full inventory of equipment is available to all genuinely interested parties. Customer service: the restaurant has built up over the years a loyal and regular all year round clientele. They have a well run website and have a full menu brochure for takeaways. Adverts from other local businesses are included in the brochure helping to subsidise the cost of the print run. To help the restaurant to keep up their high standards and continually improve, a customer questionnaire is now.
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | The owners would be happy to help with a smooth transfer of the restaurant in any way possible. |
| Reasons for selling: | They are now nearing retirement age and believe this is the perfect time for new owners to take the restaurant forward to the next level. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | The restaurant, buildings and car park has been valued at £900,000 and the vendor is prepared to listen to offers to purchase the freehold or is prepared to negotiate a long term lease with rental of £40,000 per annum with a renewable valuation every three years. |
| Location: | The vendor of the business is also the owner of the premises. He is prepared to either sell the property or to negotiate a long lease period with prospective buyers with an option to purchase the property at a later date. The restaurant has a reception area with an attractive bar. The restaurant is divided into two with the main part seating circa sixty five and there is a second seating area in the conservatory seating thirty five. The conservatory opens out to an outside seating/smoking area which adjoins the fully secured customer car park. Also downstairs is a full commercial kitchen with full extractor system, a storage area and full stainless steel preparation area. There are also newly refurbished men’s and ladies toilets. The building has a smoke detector system throughout with air conditioning and CCTV both inside and outside the building. Above the restaurant there is an upstairs room which is used as a laundry room, storage and office. The restaurant, buildings and car park has been valued at £900,000 and the vendor is prepared to listen to offers to purchase the freehold or is prepared to negotiate a long term lease with rental of £40,000 per annum with a renewable valuation every three years. |
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