Restaurants for sale in Northampton

View the "Well-Established Restaurant & Takeaway in Duston, Northamptonshire For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
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Leasehold Price: £109,950 Price Reduced Turnover: £338,000 Gross Profit: £202,800
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular restaurant and takeaway business in Duston, Northamptonshire. The business was established by our client in 2011 and is only now being offered to the market due to our client`s family commitments. The business operates 7 days per week and generates a turnover in the region of £340,000 per annum, with a gross profit of approximately 60%.

Our client offers a wide selection of India`s finest cuisine, with a range of dishes that capture the most authentic flavours and aromas. The business has built up an enviable reputation within the area for the high quality of the food and service offered, which has resulted in a very loyal client base with a vast amount of repeat trade and word of mouth referrals. The restaurant offers a very spacious dining area with 100 covers, which is over a split level and is superbly fitted with a themed lighting system, as well as a full commercial kitchen. The restaurant has excellent reviews on the website Trip Advisor.

Although the restaurant currently offers Indian dishes, it could be adapted to any type of cuisine or operate as a pub.  We feel there is scope to increase the turnover by extending the opening hours of the business, perhaps by opening at lunchtimes. A new owner could embark on a marketing campaign to highlight the business and services offered. There is already has an excellent website in place to promote the business and food offered, with online ordering facilities. This is an excellent opportunity for a new owner to take this thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Investment opportunities available.

LOCATION
Wild Ginger occupies substantial two-storey premises, ideally located within the village of Duston, Northamptonshire. The business is surrounded by a wealth of complimentary shops and businesses, therefore benefitting from a high volume of footfall and passing trade. The business further benefits from free car parking facilities within the area. The property is surrounded by densely populated residential areas, from which the business derives much of its trade.

Duston is a village in the borough of Northampton and there has been a settlement here since at least the Roman times. The area is near the Sixfields leisure site, which includes a cinema, football stadium, supermarket and several restaurants and public houses.

The area is served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is just over 3 miles away in Northampton. The area is also well served by the A-roads, with the A4500 being within easy driving distance. Kettering is approximately 18½ miles away and Rugby is 18 miles away.

PREMISES
Substantial detached two-storey premises in a prominent trading location, briefly comprising:

Ground floor with:

Entrance from rear of property leads to the bar area with seating.

Bar with 2 x two door drink chiller units, sink unit, ice machine, electronic cash register and 3 x points of dispense.

Ladies, gents and disabled WCs with sensor timed lighting.

Service area with coffee machine, hot towel machine, plate warmer/hot cupboard, upright desert freezer, service counter and dumb waiter to first floor.

Large under stairs storage cupboard.

Rear of restaurant with:

Cloak cupboard.

Staff WC with wash hand basin.

Rear entrance/exit door.

Laundry cupboard.

Stairs leading to first floor.

First floor with:

Fully equipped stainless steel commercial kitchen with:

12 x burner custom built range with triple oven and spice shelving.

Tandoori oven.

Hot cupboard.

Stainless steel preparation table with shelving.

Full extraction system.

Two door commercial stainless steel refrigerator.

5 x stainless steel preparation tables.

Double bowl commercial sink unit.

Microwave oven.

Hot water boiler.

Hand wash basin.

Upright freezer.

Dumb waiter.

Store room with 3 x chest freezers and racking/shelving.

Staff WC with wash hand basin.

Passageway leading to:

Small office with 4 x camera CCTV monitor.

Ladies and gents WCs with sensor timed lighting.

External with:

Beer store with separate external access.

Bin storage area.

Ample free parking.

Alarm system

Overnight security patrol within area.

TENURE
We are advised leasehold:

Original lease length: 25 years

Remaining lease length: 21 years

Review every: 5 years

Rent: £25,000 per annum

HOURS
The business is open:

Monday – Saturday: 5.00pm – 11.00pm

Sunday: 12.00pm – 10.30pm

STAFF
The business is owner run and managed with 8 x full time and 2 x part time staff members.

FINANCIAL PROFILE
The business operates 7 days per week and generates a turnover in the region of £340,000 per annum, with a gross profit of approximately 60%.



Tenure: Leasehold

Listed by: Hilton Smythe
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