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Licensed Indian Restaurant In Nottingham For Sale

Nottingham, Nottinghamshire
Asking Price:
£129,000
Turnover:
£440,000
Net Profit:
Available on request

Description:
*Listening to offers* Business Partnership is very pleased to offer for sale this recently refurbished Nottingham city centre restaurant which is currently operating as an exciting Indian street food restaurant. The restaurant is set within walking distance of all of Nottingham's major attractions including Nottingham Castle, Market Square, hotels and theatres. The location of the restaurant has a very high footfall and a prominent corner visible position, between Nottingham Central Travel Lodge and Boots Opticians.

The business has been operating for a number of years, under the same family ownership and has always been very profitable. The business would make an ideal investment for a prospective buyer to either continue as an Indian restaurant or change to any other type of cuisine, coffee house, dessert parlour or bar. The business has been trading consistently for many years and it has been kept well maintained with the highest customer service standards and with a 5 star hygiene rating.

The business is currently trading 7 days (evenings) per week but there is massive potential to open all day, for lunch and takeaways.

The restaurant benefits from a large glass frontage, which can slide open for access and ventilation. There is a contemporary modern feel attracting customers from all walks of life. It is very spacious, comfortable and has seating for almost 100 people, with additional outside seating potential as well.

The sale of the business includes all fixtures, fittings and equipment. Any buyer prospective can, if he/she so chooses, continue trading immediately and benefit from the restaurant's well established regular customers.

Premises Details:
The premises are leased, approximately 98.1m2 in total, and benefit from a very visible corner location.

The is a large open kitchen and a second operational kitchen as well with storage.

There is a fully functioning bar and three toilets with disabled facilities.

Property information

Property:

Leasehold

Lease Terms:

A 15 year lease was signed in 2006. The lease rent is £40,000 inc VAT per year.

Location:

The premises are situated in the heart of Nottingham town centre close to many hotels, bars and visitor attractions. There is a huge amount of passing trade both on foot and from the main local road network.

Business Operation

Reasons for selling:

The vendor now wishes to plan his retirement having been in the restaurant business for well over 25 years.

Years established:
2003

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