Hilton Smythe welcomes to the market an Indian restaurant. The business was originally established by our client in the 1980’s. The restaurant is well-established in the town and is highly popular with the locals. The owner is now looking to sell due to the desire to take a well-deserved retirement.
The business runs as a traditional Indian restaurant that also offers a takeaway option. They provide a fantastic menu with a range of specialities. They offer classics such as Chicken Tikka Masala, Biryani, Pakura, Samosas and much more. A full menu is available on the business website.
We are advised that the restaurant generates an advised turnover of around £360,000 per annum with a gross profit of around 75%. This is a healthy turnover that’s generated by generous repeat loyal trade.
There are several ways the business could increase turnover. One way would be too extend opening hours. The business is open different times throughout the week. With more steady times the restaurant and takeaway could see more custom.
This is a fantastic business that has an outstanding reputation. This could be due to the fully trained staff that work at the restaurant. The restaurant offers high quality food in a themed premise. The property also includes a 4 bedroomed accommodation which is currently occupied by the staff. The accommodation could be rented out to generate an extra turnover.
The takeaway is a great plus to the business and orders can be placed on the popular site JustEat. This is a great way of generating extra orders.
Hilton Smythe highly advises early viewing in order to avoid disappointment.
This popular Indian restaurant is located in Essex.
The business is situated amongst a plethora of independent retail outlets. In the area there is a kitchen showroom, convenience store, pubs, barbers, fish and chip shop and restaurants. This is a bustling location that is densely populated. The area sees generous amounts of trade from the locals.
The property is well signed and looks highly presentable. There are windows across the front of the property which allow for a bright retail space.
On entrance you are welcomed by a large open plan seating area. This is a themed premise that has been complete to a high standard. There are 70 covers in the restaurant which is perfect for parties. There is a curved bar that is fully equipped, with one point of dispense.
Equipment included in the sale is as follows-
2 x Fujitsu air con units
Counter top glass fronted fridge
Under counter glass fronted chiller
8 x burner cooker and oven
Tandoori clay oven
Extraction fan and canopy
Sliding door food warmer
2 x large stainless steel preparation sinks
1 x Stainless steel preparation bench
Large stainless steel preparation bench
2 x large chest freezers
Double door standing fridge
Single door standing fridge
Ice cream freezer
Selection of cooking utensils and hand held appliances
To the rear is a male and female toilets, kitchen which is fully equipped and there is also a separate staff toilet.
On the first floor are four double bedrooms, bathroom with a shower and a separate toilet. Can accommodate 8 staff if required.
To the rear is a secure courtyard with storage sheds.
We are advised the business is being sold as a leasehold opportunity.
Original lease length: 25 years
Remaining lease length: 9 years as of 2016
Rent: £13,250 per annum
The business is opening hours-
Monday: 12pm – 2pm & 5:30pm – 11:30pm
Wednesday: 5:30pm – 11:30pm
Thursday: 12pm – 2pm & 5:30pm – 11:30pm
Friday: 5:30pm – 12pm
Saturday: 12pm – 2pm & 5:30pm – 12pm
Sunday: 12pm – 2pm & 5:30pm – 11:30pm
The business is run and managed by our client with the help of 7 members of staff.
The business generates a turnover in the region of £360,000 per annum.
Gross profit 75%
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