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Established Restaurant & Takeaway - Lutterworth For Sale

Lutterworth, Leicestershire, UK
Asking Price:
£120,000 Furniture / Fixtures included
Turnover:
£104,409
Net Profit:
Available on request

Prominent Town Centre Location
Accounts Available Year End 30th September 2020
Annual Turnover £104,409
Gross Profit £64,962
Accounts Available After Viewing
Established 2017
High Street Position
Seating For 65 Customers
Fantastic Online Reviews
Could Accommodate Any Cuisine
Potential To Offer Delivery Service
Scope For Marketing Drive
EPC - C

REF 7760 – Leasehold Established Restaurant & Takeaway

Blacks Brokers are pleased to bring to the market this leasehold established restaurant & takeaway located in Lutterworth, Leicestershire.

INTRODUCTION

Himalayan Zest was established by our client in this affluent area of Lutterworth in 2017. The business offers a range of authentic and contemporary Nepalese food. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor and Trust Pilot. Himalayan Zest has a comprehensive website in place.

LOCATION

Himalayan Zest occupies a high street trading position within a busy town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Waitrose and Morrisons. There are also a number of local amenities nearby including a medical centre, school and park. The area is well linked by the M1 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2017 at a cost of £442 per week.

STAFF

The business operates with our client working on a full time basis with three to four family members supporting as required.

FINANCIAL DETAILS

Himalayan Zest has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 30th September 2020 show that the business has an annual turnover of £104,409 and a gross profit of £64,962. Full financial information is available upon request.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well established business occupies an enviable trading position in a highly sought after area of Lutterworth. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new delivery services and longer opening hours. A new owner may also look to create a new social media presence and introduce a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON: CLOSED
TUE - THU: 17:00 - 22:30
FRI & SAT: 17:00 - 23:00
SUN: 17:00 - 23:00

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