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Modern Restaurant With Accommodation In Alnwick For Sale

Alnwick, Northumberland, UK
Asking Price:
£55,000 Furniture / Fixtures included
Turnover:
£230,000
Net Profit:
£50K - £100K

A popular and thriving restaurant in Northumberland, is now up for sale. Flat rent generating £900 per month on short let.

• 48 seater restaurant
• Lovely 3-bedroom accommodation included in the price
• Glowing reputation with great potential for expansion

Situated in the world-famous town of Alnwick, Northumberland, this exciting restaurant benefits from a superb location. Millions of people visit the gorgeous coastal town to view Alnwick gardens and the famous Alnwick castle, where they shot J K Rowling's seminal ‘Harry Potter’ films. The restaurant thrives off this great tourism - plus custom from loyal, local regulars and footfall, walk ins.

This popular restaurant serves delicious Indian dishes in a modern, classy setting. The Indian restaurant seats 48 and is beautifully renovated and well operated, with a five-star food hygiene rating. The business prides itself on its high-quality dishes, excellent customer service and fair, competitive prices. Known as the ‘go to’ in the area for delicious food, this Indian restaurant boasts an outstanding reputation.

However, there is great potential to expand this already thriving restaurant if the new owner so wishes. There is the potential to convert it into a middle eastern grill food restaurant and cocktail service, which the town is currently lacking. It is worth noting that this is an area where new licensed restaurant permission is not an easy task, so this is a really rare and unique opportunity to acquire a reputable restaurant in a very desirable area. Furthermore, increasing opening hours and trading over lunch would generate further income.

Not only will the new owner be gaining a successful, esteemed restaurant business, a lovely 3-bedroom flat is included in the price. The flat is fully renovated and earning £900 per month renting only two rooms one small room is still using as private room, so this is an excellent opportunity for the new owner to make it their own. The flat could be used as owner’s accommodation, it is currently rented on short let and generating £900 per month – even more if it is used for Air B&B as there would be high demand in the Summer months.

The business comes to the market, albeit reluctantly and with a heavy heart, as the owner seeks to take a well-earned retirement. The current owner would be thrilled to see their beloved restaurant business go to an enthusiastic and entrepreneurial new owner, who has the ability to take the business to the next level.

With a glowing reputation, a loyal, repeat customer base and great potential for expansion, this is an exciting opportunity to acquire a restaurant business in a highly popular, sought after location.
Now you have an opinion to just the business £55000 or business and flat £79500 or Nearest offer.

For more information about this business, please contact the seller on this page.

Property Information

Property:

Leasehold

Lease Terms:

Open lease, Negotiable - price may increase due to repairs and furnishing of flat

Leasehold Rent:

18 000.00 per annum

Living Accommodation:

A 3 bedroom flat included. The flat is in need of a bit of work so this a great opportunity for the new owner to really make it their own. The flat comprises two separate entrances, 3 beds one room with shower and toilet. One separate shower toilet, one kitchen space. Could earn average £850 per month if rented or could earn more with air B&B. There would be great demand in the Summer for this as it's close to town and Alnwick Castle as well as Alnwick Garden.

Location:

Prime town location in Alnwick Town centre. Northumberland

Premises Details:

48 seater restaurant with 3 bed living accommodation.
Open lease, negotiable. Leasehold rent - £16,000 per annum.

Planning Consent:

Exists

Business Operation

Expansion Potential:

Great potential for expansion e.g by converting it into a middle eastern grill food restaurant which the town is lacking and cocktail service. Plus increasing opening hours and trading over lunch would generate further income.

Competition / Market:

Thriving business with lots of potential to increase

Reasons for selling:

Retirement

Trading hours:

5pm to 11pm
can trade in lunch hours and till 12 midnight

Employees:
6 +
Years established:
2 years

Other Information

Support & training:

Handover happily offered if required, for as long as needed.

Furniture / Fixtures value:
£12,000 - included in the asking price
Inventory / Stock value:
£2,500
Website:
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Relocatable:
This business can be relocated.

Contact Information

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