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Restaurant And Bar Opportunity In East Kilbride For Sale

East Kilbride, South Lanarkshire, UK
Asking Price:
£75,000
Turnover:
£494,000
Net Profit:
Undisclosed

Punjabi Tadka
3 The Boardwalk, East Kilbride, G75 0YW

  • Long established & award-winning Indian Restaurant
  • Prominent trading position within popular leisure hub, and close to Shopping Centre & South Lanarkshire College
  • Surrounding operators include Di Maggio’s, Black Rooster, Nuffield Health & JD Gym
  • Approx. 100 covers over ground & mezzanine floors, plus bar seating
  • Gross area approx. 428 SqM (4,609 SqFt)
  • Average sales circa £9000-£10,000 per week
  • Large, free customer car park
  • Would suit a variety of restaurant & bar concepts

THE BUSINESS
Our clients established Punjabi Tadka back in 2010 after taking over the Atrium Court Indian restaurant which had traded for many years prior also, so the business is long established as an Indian restaurant, and Punjabi Tadka is an institution in the town.

The business enjoys an excellent reputation for its quality Indian cuisine and excellent service, and this is reflected in their strong online reviews and their various awards.
The business has a loyal and regular clientele for both sit in and delivery/takeaway, and this is derived from the high volume of residents from throughout East Kilbride, as well as from surrounding towns and further afield. The business also benefits from the surrounding health clubs, South Lanarkshire College, nearby Industrial & trading estates, as well as the East Kilbride Shopping Centre, cinema & ice rink etc.

Whilst the business is long established as an Indian restaurant, the premises would easily lend themselves to suit a wide variety of different restaurant & bar concepts, and benefit from a public house style premises licence which permits opening until 1am.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

The subjects are currently held on an original 25-year lease from October 2010; however we have been advised that the landlord would be willing to extend the current term should a new tenant wish. The current passing rental is £41,600 per annum.

Leasehold Rent:

£41,600 per annum

Location:

The subjects occupy a prominent position at The Boardwalk, within the popular and established town of East Kilbride, South Lanarkshire. The premises are situated within an established commercial and leisure destination, benefiting from a mix of surrounding restaurant and leisure operators which attract a strong local customer base.

Surrounding operators include Di Maggio’s, Black Rooster, Richmond Oriental, Nuffield Leisure Centre and JD Gym.

East Kilbride is one of Scotland’s largest towns and offers an extensive range of amenities, with the town centre and East Kilbride Shopping Centre providing a variety of high street retailers, food and beverage operators and leisure facilities. The town benefits from excellent transport links, with regular bus services and rail connections to Glasgow and surrounding areas, whilst the nearby road network provides convenient access to the wider Central Belt.

The location is well suited to restaurant and takeaway operators, benefiting from a substantial residential catchment and an established dining market. The subjects are ideally positioned to serve both local residents and visitors to the town, offering an attractive opportunity for an incoming operator to establish or further develop a presence within this popular South Lanarkshire location.

Premises Details:

DESCRIPTION
The subjects are entered via an attractive entrance vestibule in the corner of the property which leads into the large open plan bar and restaurant area. The subjects have been designed & fitted to a high standard and have been decorated in a bright & vibrant fashion, and benefit from lots of natural light with large window frontage running along one whole side of the property as well as from the atrium roof.

A bar servery is positioned to the front with seating for 8 people for pre & post dinner drinks and takeaway customers.

The restaurant dining areas are laid out over various split levels and there is seating on ground floor for approximately 70 customers by way of loose tables and chairs. A mezzanine level is positioned in the centre of the room and is accessed via an attractive steel, spiral staircase, and this area can comfortably seat 32 customers.

The subjects also benefit from a separate area to the side of the property which has a separate entrance and frontage and could be used as a designated takeaway area or even for a different concept altogether.

ANCILLARY AREAS

  • Large commercial kitchen
  • Separate prep area
  • Walk in chill
  • Male, Female & Disabled toilets
  • Office
  • Staff changing & toilets
  • Various ancillary storage areas
  • External yard & bin storage

Business Operation

Trading hours:

12pm-9:30pm; 7 days

Other Information

Related Documents:
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