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Business for sale in United Kingdom - Ac276-seven spices restaurant for sale licensed indian restaurant with 80 covers & takeaway service-north cheshire

Asking Price: 159,000 £ Real Estate: Lease
Business for sale – Ac276-seven spices restaurant for sale licensed indian restaurant with 80 covers & takeaway service-north cheshire
Sales Revenue: 311,000 £
Net Profit: 70,000 £
Year Established: 2000
Employees: 4FT, 5PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Cheshire/North Cheshire

Business types:

Accommodation & Food services

Business categories:

Other Accommodation & Food Services ; Restaurants

Business description

this busy and well situated licensed indian restaurant provides a light contemporary interior with a welcoming atmosphere for their regular clientele and for first time diners, offering traditional recipes with a unique twist from the team of 4 highly skilled indian chefs, 3 of which work within the business under permit. Well established and having recently undertaken a full refurbishment programme at significant cost, this is a luxurious and well established air conditioned restaurant. It has a warm and friendly atmosphere , a separate bar area and high quality tables and seating for 80 covers split over two floors. Food is always of the highest quality and is available for takeaway or to be enjoyed eaten in the well fitted interior. The restaurant accounts for circa 85% of revenues with take-away service contributing 15%. The fragrant aroma and subtle blend of the spices expertly used presents customer with a culinary delight to savour time and time again. Every indian region has its own wonderful style and spices for its signature dishes, and the chefs provide the opportunity to sample the full flavours of india. Saffron, nutmeg, mace, cumin are only a few of the ingredients that provide you with the delicacy of indian cuisine at its finest. Fresh vegetables, meat and spices are sourced locally and globally for the restaurant to ensure only the finest indian cuisine is served. Although prices are always competitive this in no way reduces the standard of service, which is always of the highest standard, indeed this and the quality of the food are the main reasons so many customers return so regularly and why the restaurant has grown on almost word of mouth recommendation alone. Located in the centre of an affluent town and close to public transport this restaurant is well positioned and enjoys excellent levels of exposure. With a constant stream of passing traffic this business still has significant scope for growth and an increase in revenues. This can be achieved by the new owner concentrating more fully upon this business with the attendant focus on sales and marketing promotion and by making better use of the opening hours throughout the day and at weekends. Equipment: all equipment, fixture and fittings, which are all of a high quality are included within the sale. This includes fully equipped kitchens with walk in cold rooms, high quality ovens and stove, tandoor, dishwashing machine, glass washer, coffee machine. Customer service: this is a restaurant that truly believes it is customer service with high quality food and competitive pricing that really sets it apart and works very hard to promote this. It offers the best service with trained and regular staff who provide an exceptional dining experience satisfying the needs of the customers each and every time which is reflected in the very high customer retention levels, repeat orders and word of mouth referrals that the business enjoys. This level of satisfaction is fuelled by the highest quality of food and services being provided, backed up by a truly professional yet friendly, level of service. Key strengths: built on strong foundations it is without doubt the food, the surroundings and the service that are the cornerstones of this business which has an excellent reputation for friendly and helpful service and excellent, fresh high quality traditional recipes. The current owner has achieved this by putting in place a highly committed and talented workforce that includes 4 full time chefs and by investing in the business infrastructure. This includes high quality finishes, air conditioning, fully equipped kitchen including tandoor, bar area with granite worktops, high quality coffee machine etc. This investment is reaping rewards and this is reflected by the fact the business is enjoying excellent growth and increased revenues, a trend that is expected to continue in the future. Location is another great strength of the restaurant being perfectly placed within the area it serves with excellent exposure, ample parking and accessibility combined with ease of access. There is limited competion in the area. Growth and expansion: as already mentioned the business is enjoying very impressive growth rates year on year as it becomes more established in the area. There is further room to develop this with further promotion of its offerings, lunchtime openings, functions and more take-away provision. Key opportunities: having achieved impressive growth since it was established the business has built up an excellent reputation within the surrounding area. There is plenty of scope for expansion within the existing market and to build on the existing business services and customer base of this company. With a strong demand for its high quality offering together with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on this well founded restaurant.

Additional information

Additional information: Not Disclosed
Support & training: The current owner will provide all necessary training and handover to ensure a smooth transfer of the business to new owners.
Reasons for selling: Not Available
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The lease is on a 10 year renewable basis. Current rent is circa £21,000 per annum with rates payable of approximately £4,400 per annum.
Location: Located in a prominent position just off the main through road through the town centre and close to the station the restaurant has good frontage and signage. The ground floor comprises a bar area, seating area for 40 covers, kitchens and cold room. Upstairs there are 40 additional covers with a service area, offices, store and customer toilets. The vendors have invested significantly in the business and it has been finished to a high standard. It also has air conditioning. The lease is on a 10 year renewable basis. Current rent is circa £21,000 per annum with rates payable of approximately £4,400 per annum.

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