Indian Takeaways for sale in Moray

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Leasehold of Long Established Indian Takeaway in Cullen

Moray, Scotland

  • Leasehold Price: £29,995  Price Reduced arrow_drop_down
Seller Reference: 16677254
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 16677254
Request Details
Business Description
CCL Property are delighted to bring to market Royal Tiger Indian Restaurant and Takeaway, a long-established Indian Takeaway in the centre of Cullen. The property occupies a prime trading location on Seafield Street which benefits from a high volume of passing trade. This is a well performing business that enjoys a healthy income and profit margins and is offered as a true turnkey opportunity. An early viewing is recommended to appreciate the quality of facilities on offer.

The Business:
The Royal Tiger Indian Restaurant and Takeaway is an easily managed and well ran business. Owner operated, this popular takeaway trades seven days per week with the aid of 2 x flexi-time members of staff. The quality of services provided ensures that the business maintains a steady trade with a strong income and attractive projections for the future. It benefits from year-round trade and enjoys strong repeat business from locals and visitors throughout the year. The annual tourist trade runs from March-September which sees exceptionally large numbers of holidaymakers visit the town.

The premises profits from its position on Seafield Street which is the main through road of town and proximity to the centre of the town and as such reaps the full reward of the strong trade and established demand for takeaways that exists in the area. All equipment, fixtures and fittings pertaining to the business are included in the sale.

This is a versatile property that would suit a range of uses.

The Property:
This ground floor unit is currently utilised as a takeaway with Class 3 consent. Upon entering the property, a c.24 cover seating area with freestanding tables and chairs is presented. To the right, a servery area with fridges, display drinks cabinets, preparation units and storage facilities are located. Access to the well-equipped commercial kitchen is located from this point and with all appliances necessary to operate the business included in the lease.

Addition storage is provided in the form of an access hall and a large designated store room with fire door leading to Seafield Street. From the seating area, access is gained to a large vacant room which would ideally lend itself for use as a private function room or additional seating space. Access to the public WC’s facilities including disabled facilities and fire door exit to the rear of the property are gained from this point. At the rear of the property, the subjects provide an additional storage room with external door leading to the rear enclosed garden space.

Access to the property is via a timber framed door with double glazed windows either side. Flooring throughout the property is of concrete design laid in linoleum, the walls throughout the property are concrete block work design and have been covered to full height in wipe down plastic safety surfaces or paint. A suspended illuminated ceiling provides ample lighting throughout.

SERVICES

The property has mains electricity, water and drainage.

TENURE

The property is offered on the Scottish equivalent of a leasehold.

TRADING FIGURES

This is a steady and profitable business. Full trading information will be provided only after formal viewings have taken place.

RATING ASSESSMENT

The business/property qualifies for 100% rates relief under the small business bonus scheme.

LEGAL COSTS

Each party will be responsible for their own legal costs incurred in the transaction.

VALUE ADDED TAX

All prices, rents and premiums, where quoted, are exclusive of VAT. Prospective purchasers/lessees are advised to satisfy themselves independently as to the incidence of Value Added Tax in respect of this transaction.

LEASE TERM

The subjects are held on full repairing and insuring terms. Also, on flexible terms for a negotiable period.

RENT

£10,400 per annum

PRICE

Offers over £39,995 are sought for the leasehold. Fixtures, fittings and goodwill of the business are included.

SUMMARY

The sale of Royal Tiger Restaurant and Takeaway provides the ideal purchase of a well-established, profitable takeaway business in an excellent trading location.

External:
The subjects comprise a ground floor retail unit, forming part of a larger two and a half storey end terrace property. The main walls are of solid stone construction surmounted by a pitched and slated roof. The unit has a traditional retail frontage with double-glazed display windows and entrance door. There is also a separate delivery door to the rear of the property, accessed via the enclosed garden. The upper floors are not included in this sale. Internally, the property is deceptively large, providing generous storage, preparation, cooking and sales areas. The subjects have the advantage of a hot food takeaway fit-out. Internal finishes include vinyl floor coverings together with lined and painted walls and suspended ceilings.
Tenure:
Leasehold
Location Details:
The property occupies an excellent trading location on the town’s Seafield Street, in the centre of Cullen. The surrounding area contains mainly ground floor retail usage with residential usage on the upper floors. A range of small retailers, newsagents, eateries and accommodation services are on offer in the vicinity. Situated on the main through road the A98, a major coastal road in the north east of Scotland, the town is well serviced with excellent road and public transport networks and off
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