Est 11 Yrs Indian Restaurant For Sale

Business description

Advent Business Sales are pleased to offer to the market this extremely well established Indian restaurant, which has been trading successfully for the past 11 years.

The current vendor has been in constant ownership since its inception and is reluctantly selling due to other business opportunities and a dispute between partners.

The style of Indian food supplied by the restaurant is both traditional curry, Tandoori as well as Balti but all with the English palette in mind.

As well as a well laid out and decorated 70 cover restaurant, the business also offers takeaway facilities. Most of its customers are either local or evening time revellers.

This good sized restaurant covers two properties and could be altered into two complimentary businesses. From a development point of view, partial refurbishment with possibly fast food takeaway supplemented lunch time curries could be a customer winner, providing part of the site with lunch time turnover which does not occur now.

The front windows, although only glazed at the top half, have frames capable of ceiling to floor glass at minimum expense.

The kitchen is very well equipped and has been under a rigorous cleaning and maintenance ethos, all cooking/extraction units are to the very best standards. All items, even the walls are stainless steel, allowing the highest levels of cleanliness.
REF: 9246NG

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 21 years
Remaining lease: 10 years
Review every: 5 years
Rent: £25,000 + service charge P.A.

We are advised that the annual business rates are currently: £9,100

Location:

Our client’s Indian restaurant is conveniently located amongst the pub and club area in the multi ethnic city of Nottingham. The area is also central to all the main shops and businesses in the city.

Historically Nottingham has always been a major evening entertainment centre and businesses within the city have always done well. Busiest times are always during university term times and the restaurant’s positioning ensures a very high footfall of interested customers.

Premises details:

The restaurant occupies a large double fronted property and consists of:

Ground Floor
• Door on right hand leading to lobby
• Good sized bar with waiting area
• 70 seat restaurant
• Kitchen with equipment as follows: stainless steel worktops, double sink, double drain, hand wash bowl, 2 fridges, microwave, tandoor, double basket fryer, 10 burner stove and large ovens – 1 burner for wok/karai, extensive extraction hood with large motor and stainless steel walls, water / heating boiler is also sited here
• w/c’s
External
• Paved to roadway

Other information

Trading hours:

Sun – Thurs: 6pm – 12pm
Fri – Sat: 6pm – 1pm
Sun: 6pm – 12pm

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