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Established Freehold Indian Restaurant, Kent For Sale

Kent, UK
Asking Price:
£725,000
Turnover:
£515,000
Net Profit:
£25,000

Overview

An established fine dining Indian restaurant is offered for sale in Kent, together with its freehold period property, presenting a rare opportunity to acquire both a going concern and a substantial characterful building in a single transaction. The business has traded continuously since reopening under the current owners in 2017, operating from a striking converted barn that provides approximately 64 covers across two floors, supported by a full commercial kitchen and a settled team of around ten staff.

The current owners are entirely hands-off, with day to day operations managed by an experienced site manager who oversees the full running of the restaurant. The business is held within a limited company structure, and the sale offers flexibility in how the transaction is structured, suiting an owner operator, an investor seeking a managed income-producing asset, or a buyer with an interest in acquiring a substantial freehold period property with an established commercial use.

Business Highlights

  • Established fine dining Indian restaurant trading since 2017 with a settled local reputation
  • Headline turnover of approximately £515,000 in the most recent reported period
  • Approximately 64 covers across two floors of a distinctive converted barn with exposed beams and a characterful upper dining area
  • Full commercial kitchen equipped for Indian cuisine, including a tandoor oven and substantial range hob
  • Entirely handsoff ownership model with an experienced site manager in place and outsourced bookkeeping and payroll functions
  • Freehold property included in the sale, comprising the restaurant building and a rear cottage currently used for staff accommodation, with potential to convert to selfcontained residential use
  • Scope for a more active operator to grow profitability and restore turnover through handson management and review of operational costs

Location

This business is located in Kent and benefits from a well-regarded local setting within a conservation area, with pleasant views towards a nearby river adding to the character and appeal of the surroundings. The area enjoys good local footfall and the restaurant has built a strong reputation within the community over a number of years. In keeping with our confidentiality obligations, the precise location is disclosed on receipt of a signed NDA.

Premises & Tenure

The restaurant occupies a converted barn of considerable character, featuring exposed beams throughout and a first floor upper dining area of approximately 24 to 26 covers created during the current owners' refurbishment. To the rear of the main building sits a cottage currently used for staff accommodation, which is estimated to require approximately £20,000 of works to return it to self-contained residential use. The freehold of the entire property is offered as part of the sale, with flexibility available over how the transaction is ultimately structured between the property and the trading business.

Property Information

Property:

Freehold

Lease Terms:

7 year lease

Leasehold Rent:

3500 a month per annum

Business Operation

Reasons for selling:

Non-Related Business Interest

Employees:
Owners are very hands of, booking and payroll is outsourced.10 Staff
Years established:
September 2017