Indian Resaurant & Take Away Reduced For Sale

Business description

Advent Business Sales are pleased to have been instructed to offer to the market this 32 cover Indian restaurant, which has been established for the last 4 years.

This popular venue has been in the hands of the current owner for over 1 year and is only now being offered for sale to allow him time to concentrate on his other business in Somerset.

The restaurant offers a large varied range of authentic Indian dishes and enjoys an excellent local reputation with many customers returning on a regular basis.

The premises are decorated to an extremely high standard with the whole premises having been totally refurbished recently.

The restaurant has a thriving takeaway and home delivery service, which is free for orders of over £10 within a 7-mile radius. A 10% discount is also given on orders, which are collected.

It’s commercial kitchen includes:
• Tandoor oven
• 6 ring gas cooker with oven under
• Microwave
• 4 ring gas cooker
• Hot plate – 10 stack
• 2 upright freezer,
• Coffee machine
• Warm towel machine
• Stainless steel sink and work tables
• Stainless steel extraction unit
We are advised that stock at cost is approximately £750.
Above the restaurant is a 4 bed apartment, which may be available by separate negotiation with the landlord.
REF: 8918CV
EXPANSION POTENTIAL
The business offers excellent scope to increase both sales and profits further by:
1. Selling alcohol, none is sold presently due to the religious beliefs of the vendor
2. Opening at lunchtimes, especially at the weekends
3. Offering a buffet and outside events service to the local Asian community

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 12 years
Remaining lease: 11 years
Review every: 3 years
Rent: £9,600 P.A.

We are advised that the annual business rates are currently: £900

Living accommodation:

BUSINESS PREMISES Ground floor lock up premises briefly consisting of: Ground Floor • Side entry door into lobby area and then into main 32 cover restaurant with 8 off 4 seater tables, arranged along the 2 main walls with a central walk way • Attractive bar with glass shelving, soft drink chiller, warm towel machine, wc rear of bar • Through to kitchen • Rear shelved store and back exit

Location:

This very popular restaurant is located on a very busy main road with high volumes of passing traffic both to and from the town centre, which is in the heart of Warwickshire.

The parade on which it is situated includes a hairdresser, a pub, a convenience store, a cycle shop, a takeaway and bookmakers.
The towns of Warwick, Stratford, Kenilworth, Rugby and Coventry are nearby.
There are many residential properties nearby with a high student population, as the university is only approx 15 minutes away. The restaurant is a short walk from both the town centre and railway station.
The town has road links via the M40 and the A46 to the surrounding counties. Parking is limited during the day or there is a nearby pay and display.

Other information

Expansion potential:

EXPANSION POTENTIAL
The business offers excellent scope to increase both sales and profits further by:
1. Selling alcohol, none is sold presently due to the religious beliefs of the vendor
2. Opening at lunchtimes, especially at the weekends
3. Offering a buffet and outside events service to the local Asian community

Trading hours:

Sun-Thurs: 5pm – 11pm,Fri – Sat: 5pm – 12pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

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