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Two Award-Winning Indian Vegetarian Restaurants For Sale

Greater Manchester, UK
Asking Price:
£500,000 Furniture / Fixtures included
Turnover:
£884,000
Net Profit:
On request

There are 2 restaurants in 2 different cities for sale.

The first one is a well-established restaurant situated in the heart of a major northwestern UK city’s bustling Business District. This 56-cover venue has been successfully trading since 2016 in its current format and boasts a rich history as a restaurant for over 20 years, showcasing its sustainability and enduring appeal.

Located in a prime position, this restaurant benefits from a steady stream of corporate clientele, tourists and local diners. With average weekly sales in the region of £15,000, the business has built a strong reputation and solid foundation for its next owner. There is significant potential to increase revenue by expanding the limited evening trade hours or capitalizing on the vibrant lunchtime market, which is currently underutilized.

The restaurant is proud of its recognition as one of the best dining experiences in the UK, a testament to its quality and innovation. The business also boasts diverse revenue streams, including walk-ins, online orders through Just Eat, Deliveroo and Uber Eats and an engaged mailing list of over 7,500 loyal customers. Its strong social media presence on Facebook further enhances its visibility and marketing potential.

We are advised that the business gross turnover is expected to be circa £780,000 per annum. Full financial disclosure will be made available after a successful viewing.

The second well-established restaurant is situated in a prominent position in a major northwestern UK city. This 75-cover venue has built a strong local following and reputation for quality, showcasing its sustainability and enduring appeal.

Located in a prime position, this restaurant benefits from a steady stream of local diners and regular custom. With average weekly sales in the region of £17,000, the business has built a strong reputation and solid foundation for its next owner. There is significant potential to increase revenue by expanding the limited evening trade hours or capitalizing on the vibrant lunchtime market, which is currently underutilized.

The restaurant has received numerous awards and accolades, full details of which are showcased on the business’ website, a testament to its quality and innovation. The business also boasts diverse revenue streams, including walk-ins, online orders through Just Eat, Deliveroo and Uber Eats, and an engaged mailing list of over 7,000 loyal customers.

The business is highly rated online with thousands of positive reviews, alongside a strong social media presence which further enhances its visibility and marketing potential.

We are advised that the business gross turnover is expected to be circa £884,000 per annum. Full financial disclosure will be made available after a successful viewing.

This is a rare opportunity to acquire a thriving business in a sought-after location. The sale comes as the current owner wishes to focus on other business ventures, providing a chance for an ambitious entrepreneur or seasoned operator to take this already successful business to the next level.

Property Information

Property:

Leasehold

Lease Terms:

The lease for restaurant 1 is on a 15-year term for £1,430.00 per month / £17,160 per year, beginning in 2015. The lease is subject to rent reviews every 3 years. 1500 sq. feet is the area of this restaurant.

The lease for restaurant 2 has an end date of August 2035, at a yearly rent of £31,240.00. The lease is subject to rent reviews every 3 years. 2100 sq. feet is the area of this restaurant.

Leasehold Rent:

£48,400 per annum

Living Accommodation:

Not applicable

Location:

Restaurant 1 is a well-established restaurant situated in the heart of a major northwestern UK city’s bustling Business District. It has been successfully trading since 2016 in its current format and boasts a rich history as a restaurant for over 20 years. The venue has built a strong local following and reputation for quality, showcasing its sustainability and enduring appeal.

Premises Details:

Located in a prime position, restaurant 1 benefits from a steady stream of corporate clientele, tourists and local diners. With average weekly sales in the region of £15,000, the business has built a strong reputation and solid foundation for its next owner.

Located in a prime position, restaurant 2 benefits from a steady stream of local diners and regular custom. With average weekly sales in the region of £17,000, the business has built a strong reputation and solid foundation for its next owner.

Size in square feet:
1500 sq. feet is the area of restaurant 1 and 2100 sq. feet is the area of restaurant 2.
Planning Consent:

A3 already secured in the beginning before opening the restaurant, so there was no need later on to get a planning consent.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

For restaurant 1, with average weekly sales in the region of

£15,000, the business has built a strong reputation and solid foundation for its next owner. There is significant potential to increase revenue by expanding the limited evening trade hours or capitalizing on the vibrant lunchtime market, which is currently underutilized. The business also boasts diverse revenue streams, including walk-ins, online orders through JustEat, Deliveroo and UberEats and an engaged mailing list of over 7,500 loyal customers. Its strong social media presence on Facebook further enhances its visibility and marketing potential.

For restaurant 2, with average weekly sales in the region of

£17,000, the business has built a strong reputation and solid foundation for its next owner. There is significant potential to increase revenue by expanding the limited evening trade hours or capitalizing on the vibrant lunchtime market, which is currently underutilized. The business also boasts diverse revenue streams, including walk-ins, online orders through JustEat, Deliveroo and UberEats, and an engaged mailing list of over 7,000 loyal customers. The business is highly rated online, currently holding a 4.7 star rating from approximately 2,750 Google reviews, alongside a strong social media presence which further enhances its visibility and marketing potential.

Competition / Market:

Restaurant 1 is proud of its recognition as one of the 7 best dining experiences in the UK in 2019, a testament to its quality and innovation. Not much of exactly same type of Indian pure veg. restaurants nearby.

Restaurant 2 is proud of its recognition as it has received numerous awards
and accolades, a testament to its quality and innovation. Not much of exactly same type of Indian pure veg. restaurants nearby.

Reasons for selling:

Owner is wanting to retire.

Trading hours:

Monday: Closed; Tuesday to Friday: 17:00 to 22:00; Saturday: 13:00 to 22:00; Sunday: 13:00 to 21:00

Employees:
There are 10 staff members in total, including 4 full time chefs in restaurant 1 and there are 12 staff members in total, including 4 full time chefs in restaurant 2
Years established:
2013

Other Information

Support & training:

Yes, support and training will be provided on a comprehensive basis for all aspects of management.

Financing available:

Not applicable

Inventory / Stock value:
£10,000