An excellent opportunity to acquire a well-established and fully fitted licensed Indian restaurant in Southampton, occupying a prominent trading position within a busy residential, office and commercial area.
The restaurant is approximately 895 sq ft and is attractively presented throughout, with comfortable seating for approximately 45 customers. The premises benefit from air conditioning, a fitted bar area, EPOS till system and CCTV.
A comprehensive commercial kitchen is included with the sale and is equipped with stainless-steel extraction, tandoori oven, double oven, 9-burner gas cooker, refrigerated preparation counter, fridge, freezer, dishwasher, hot cupboard, plate warmer, dosa plate, dough maker and other catering equipment.
The business currently trades six days per week and has reported average weekly turnover of approximately £8,000, with gross profit of approximately 65%.
The restaurant is currently operated with an experienced team including two chefs together with full-time and part-time staff, making this an attractive opportunity for either an owner-operator or an experienced restaurant group looking to expand.
Additional benefits include a rear yard, storage facilities and an established renewable lease.
The business is offered as a share sale, allowing the purchaser to acquire the existing company as a whole. As the company remains the existing tenant, there may be no requirement to assign the lease, potentially avoiding lease-assignment and associated landlord solicitor fees.
The reason for the sale is due to the owner's other business interests.
