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Well Established Restaurant & Takeaway For Sale

Wolverhampton, West Midlands, UK
Asking Price:
£49,999
Turnover:
£104,000
Net Profit:
Available on request

Business
Please quote reference B06712

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Indian Snax Uk Limited which is a well-established restaurant and takeaway with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area absolutely teeming with customers.

The business was founded in 2020 by the current owners, a husband and wife team, and has flourished under their ownership accruing an impressive number of regular customers and a burgeoning reputation. Alas this great little business is now being sold , albeit reluctantly and with a heavy heart only due to a need to concentrate on other business interests.

The vendors are keen to see their beloved restaurant / takeaway pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Indian Snax serves an impressive range of Indian Street food, freshly prepared on the premises using local ingredients wherever possible. The business ethos has always been to feed the soul as well as the body and offers a world of flavours and spices which all comes together to create a dining experience that transports their customers to another world.

The comprehensive menu includes:
Dahi Bhalla
Gol Gappe
Samosas
Indian Snacks
Mediterranean Rolls
Indian Curries
Indian Sweets
Vegetarian Dishes
Soft Drinks
Baguettes
Wraps
Pasties
Cakes

The business prides itself on the quality of its dishes. The chef prepares all of the authentic dishes to suit anyone’s tastes. Food can be eaten on the premises, taken away or delivered via Deliveroo, UberEats and JustEat.

The sale will include the company website and Facebook page and the business enjoys great visibility on the internet with some lovely reviews such as:
“ Great quality and portions for such less price”

“ Great experience fabulous food!”

“ This place is great to enjoy Indian food “

The business is proud of its five star hygiene rating.

Reasons to Buy

A well established business with an enviable reputation and many existing customers
Prime trading position in with loads of footfall
Ideal owner managed or partnership business
Ideal for franchising
Current owner happy to offer a handover to ensure the continued success
All fixtures, fittings and equipment included making this a real Turnkey business opportunity.

Very rarely do businesses of this calibre come to the open market so early enquiry is highly recommended to avoid disappointment.

Location
Indian Snax UK Limited is located in Wolverhampton.

Wolverhampton is a city, metropolitan borough and administrative centre in the West Midlands. At the 2011 census it had a population of 249,470. The economy of the city is based on engineering, including a large aerospace industry, as well as the service sector.

In recent years, Wolverhampton City Council have embarked on many city improvements and regeneration schemes and major redevelopment of the city is worth around £120 million.

Wolverhampton is close to several motorways, with four being located within seven miles of the city centre. The M6 connects the city with the north west of England (including Manchester and Liverpool), Scotland as well as Birmingham and Coventry to the east , and London via the M1. Together with the M5 which opened in the area in 1970 and links the city with the south west of England, and London via the M40, the two motorways form a north-south bypass for the city.

The M54 motorway forms a norther by bypass to the city and links the city with Telford, Shrewsbury and Wales.

In terms of rail, Wolverhampton is well connected to other parts of England and Wales.

Buses in the city are run commercially by a number of bus operators, the largest provider of services is National Express West Midlands.

Indian Snax UK Limited is ideally located in The Wulfrun Shopping Centre, which is in the heart of Wolverhampton’s city centre, just off Dudley Street, shops include the well-known high street stores such as Primark, Poundland, Iceland, Game, Peacocks and Argos to name just a few.

The business is beautifully presented and maintained with clear visible signage and distinctive livery. The business benefits from really high levels of footfall and passing trade.

There is 570 space NCP car park within easy walking distance of the premises.

Premises
The business occupies generous premises ideally suited to the trade which briefly comprise:
Restaurant

Windows and a glazed door to front creating a light, airy and inviting interior, generously proportioned with wood effect vinyl flooring, suspended ceiling with LED lighting and spotlighting, breakfast bar to front and side with matching high stools, nice quality tables and chairs currently providing approximately 15-20 covers, long bespoke counter with two glass serve over counters, 10 pot Bain Marie, pendant lighting, open drinks chiller, crisp and snacks display, wall mounted TV, feature illuminated menu boards

Kitchen

Well equipped, open plan kitchen, 3 x microwave ovens, large stainless steel fridge with double doors, twin Panini press, four slot toaster, coffee machine, stainless steel kettle, base units with double doors, stainless steel sink and drainer with Monobloc tap, separate stainless steel hand wash basin. 3 compartment counter fridge in stainless steel.

Hallway / Store

Ideal for use as a dry goods store with perimeter shelving and a freestanding shelving unit.

Externally

To the front of the premises is a forecourt with tables and chairs proving approximately 20 covers.

Tenure
We are advised the business is being sold on a Leasehold basis with 3.5 years remaining on the Lease, the rent is £12,000 per annum with rates payable at approximately £10,000.

Hours
The business trading hours are as followed:
Monday to Sunday - 09:00am - 18:30pm

Staff
The business is owner run and managed with the help of 2 part time staff members.

Financial Profile
We are advised the business generated a turnover of circa £100,000, further financial information can be made available upon request.

Please quote reference B06712

Property Information

Property:

Leasehold

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