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Indian Restaurant And Takeaway In Chester Le Street For Sale

Chester Le Street, County Durham, UK
Asking Price:
£80,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

• High Turnover Restaurant & Takeaway business.
• Trading since 1991.
• 56 cover Restaurant with Bar.
• Separate Takeaway / Collection Area.
• First Floor accommodation above.
• New lease available.
• Leasehold £80,000 plus any stock.

Property Information

Property:

Leasehold

Lease Terms:

The premises will be offered on a new FRI lease at a commencing rent of £22,000 per annum. Details on application.

Leasehold Rent:

£22,000 per annum

Location:

The business is located just to the east of the town centre and on a busy junction with Pelaw Bank and Newcastle Road. The immediate area is a mix of commercial and residential property.

Premises Details:

Memories of India is a very well established and reputable Indian Restaurant which has operated from this site since 1991. The business is being placed on the market as the owner is retiring.

The business operates collection, delivery and full restaurant services and prior to “lockdown”, the deliveries and collections made up around 65% of the weekly sales. Clearly this has changed over the last 12 months and takings have increased significantly in relation to the deliveries but our client anticipates that the restaurant trade will slowly increase as restrictions ease and people return to the town centres in the evenings.

The Restaurant is close to both the main shopping and leisure district so it is ideally located to take advantage when restrictions ease.

Premises

Comprises a semi-detached 2 storey property of traditional brick construction with slate roof over.

Ground Floor
Takeaway Area circa 200 sq.ft. (18 sq.m.)
Bar Area circa 232 sq.ft. (21 sq.m.)
Restaurant circa 600 sq.ft. (55 sq.m.)
Kitchen circa 200 sq.ft. (18 sq.m.)
Stores circa 240 sq.ft. (22 sq.m.)
Ladies Toilets
Gents Toilets

First Floor (possibly suitable for residential use).
3x Rooms
Bathroom

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement sale.

Years established:
Over 30 years.

Contact North East Commercial

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