Vacant Indian Restaurant For Sale

Business description

Advent Business Sales are pleased to offer to the market this vacant Indian restaurant
The current vendor has been in constant ownership since its inception and is reluctantly selling due to other business interests.
The Business stopped trading due to personal commitments.

The business was in two parts: Beautifully fitted out 42 cover front restaurant, a ‘private’ rear family dining area which can be divided for cultural reasons and can sit 24, 66 in total. All of these public areas, including the non alcoholic bar and w/c is fully wheelchair accessible. The front restaurant has soft lighting, wood flooring, neutral walls and ceiling with a large total wall covering bronze effect mirror at the far end.

Both the ‘bar area, front restaurant and ‘family’ room have separate a/c units. The business has two kitchens, a main prep and feeder kitchen which is also used for outside catering cooking and a smaller ‘finishing’ kitchen to the side of the restaurant.

The second part of the business was outside catering. This can accomplish food for any number of people at one time, mainly for weddings and large social gatherings. It caters for 15% of Asian weddings in the local area alone, not counting its UK wide customer base, which stretches from Blackburn, Bolton, Bradford, London & Southampton. Most of the local mosques tender to them for food as well.

The business has an A3 licence but an A4 would be available.

The business has all the health & safety, Pest control and fire & safety contracts in place. They also have an arrangement with the suppliers to provide free delivery.

We are advised that stock at cost is approximately £5,000. Most fresh produce is bought on a daily basis.

The vendor is prepared to help for 1-2 months to teach receipts and methods to a new owner, to ensure continuity.

The landlord would be amenable to sell the freehold to a new business owner at approx £350,000.

There are two flats above, one 3 bed at £550 per month rent, the second one bed at £350 per month rent.

Alcohol could be introduced and increase the restaurant takings dramatically.

Our client has recently decorated the outside of the premises & has a new frontage sign.

One of the yards at the back as also been painted. Patio furniture has been placed outside for customers to enjoy eating al fresco.

REF: 9154LE

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold – landlord would consider selling freehold
Original lease: 12 years
Remaining lease: 11 years
Review every: 3 years
Rent: £1,350 per month

We are advised that the annual business rates are currently: £320 per month for x 10 per annum.

Location:

Our customer’s restaurant and catering business is located on a main road, in a highly residential area on a busy local shopping parade in a major area in Leicestershire.

The area is vibrant, highly multi cultural and very buoyant. It is close to the area’s ring road and the M1 motorway, linking it to the rest of the country. It also has excellent rail links to the capital and is well served by East Midlands Airport.

Premises details:

BUSINESS PREMISES:
The business occupies 2 shops and is a 2 storey corner site with 4 CCTV cameras
and briefly consisting of:

Ground Floor
• Doorway to reception/bar area
• Front restaurant is to the right hand side with the kitchen to the back
• Courtyard /outdoor seating area
• Behind bar area is stairway down to dry cellar and storage area with deep
freezers and Coca Cola dispensing machine – all in excellent condition
• Alarm system wired ready to go to Redcare. The whole building is also wired up to the cellar to add to a server. The CCTV system is also here.
• Also behind bar is passage leading to glass washing area, disabled toilet and ladies and gents toilets
• Courtyard – also an outside storage area and main prep/outside catering kitchen, which is a very substantial area with double doors leading out from the side of the building
• At end of courtyard and next to second kitchen is double doorway to the side street.

Equipment includes:
Restaurant Kitchen:
• 20ft extraction canopy
• Large Tandoor
• Single burner wok cooker (custom made)
• 5 Bar wok cooker (custom made)
• Hot cupboard with wet bain marie
• 2 x open charcoal grill (open flame)
• Microwave
• Wash sink – hand wash
• Fridges
• Rear electric shutters if required

Rear Prep/Outside Catering Kitchen:
• Large double sink – prep sink
• 4 very large single gas burners (big pot cooking)
• Large prep table
• dough mixer machine
• Salad/veg prep/cutter machine
• Fridges and freezers
• Shelves and storage for spices etc

External
• Paved to roadway on 2 sides
• 2 yards, 1 with seating area

Other information

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