Well Established Indian Restaurant for Sale in Derby
Property ID: RPS-23114
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
Popular & well established Indian Restaurant for Sale
Consistent net turnover of over £1.2 million in the last 3 years
Potential to increase turnover by introducing breakfast & weekdays lunch
Fully fitted restaurant, bar and open plan kitchen
Circa 3390 sq. ft. with approximately 100 covers
Benefits with outdoor seating for up to 5o covers
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
6 month’s rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Ending Jan 2028 (Inside the Act of 1954)
Option of new 10 years lease
Current Rent: £52,500 + VAT
Rent review: Every 5 years with next review due in Jan 2028
Premium: 495,000 (Business, Lease & fixtures and fittings)
THE PREMISES
Circa 3390 sq. ft spread over one level
100 covers restaurant with bar & open plan kitchen
Benefits from outdoor seating for up to 50 covers
Gas, extraction & alcohol licence in place
New Rateable Value: 45,000
Payable rates: Circa £17,190/annum (please confirm with local council)
THE BUSINESS
Net turnover: 2024: £1.3 million & 2025: £1.2 million
Well established & popular Indian restaurant
Our client manages the business with 11 full-time and 5 part-time staff members
Selling business due to other businesses
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements.
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
