Restaurants for sale in Cardiff

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Beautifully Presented Restaurant In Cardiff

Cardiff, Wales

  • Leasehold Price: £230,000  Price Reduced arrow_drop_down
  • Annual Turnover: £390,218
  • Annual Gross Profit: £249,342
Seller Reference: 6492
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Business Description
 
 
 
 
 
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Seller Reference: 6492
Request Details
Business Description
Affluent Trading Area
Accounts Available 30/03/2019
Annual Turnover £390,218
Gross Profit £249,342
Financial Information Available After Viewing
Run Under Management
Customer Seating For 100 Set Between Two Floors
Stunning Premises
Beautifully Presented Throughout
Established 2000
Substantial Scope For Growth
Scope To Expand Hours
Enviable Reputation & Online Reviews
Would Suit Any Cuisine
Ample Free Parking
EPC - B
REF 6492 – Leasehold Fully Equipped Restaurant

Blacks Brokers are pleased to bring to the market this leasehold restaurant located in a busy and much sought-after area of Roath Park, Cardiff.

INTRODUCTION

Juboraj Lakeside has been trading on Lake Road West since 2000 when our client took ownership. The business was also previously trading as an Indian restaurant from 1993. Our client has secured a large, repeat customer base and has gained an enviable reputation in this area. The business focuses mainly on dine-in customers, however takeaway customer makes up around 20% of takings. Juboraj Lakeside has a website in place and has good reviews noted on Google, Yelp and Trip Advisor.

LOCATION

Located in the affluent area of Roath Park in Cardiff. This area is well linked by the A48 and M4, with excellent public transport links and parking available immediately outside. Roath Park is mainly a residential area with a handful of other local businesses positioned close by.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 25 year and began in 1999. This runs at a cost of £1,015 per week.

BUILDING LAYOUT AND DESIGN

The business occupies a picturesque trading positioned fronted by a pretty common. The building is a large, detached property with signage and branding displayed to the front and side. The main entrance is located at the left hand end of the building which leads into a bar and lounge area with lounge seating for around twenty – this has a highly attractive solid wood flooring throughout. There are toilet facilities positioned within a large corridor to the side. The main dining area is beautifully presented with seating for approximately 100 over two floors. At the back of the ground floor dining area is a Mise En Place (preparation area) followed by the main kitchen, wash up area, and rear store room including a walk in cold room. To the right end of the building there is situated a secure exterior store room of brick construction

STAFF

The business is currently operating with twelve members of staff in employment, this is increased to 14 during peak times. Our client is not involved in the day to day running of this business.

FINANCIAL DETAILS

Juboraj Lakeside has traded solidly during the last twenty years. We are advised that the business currently has annual turnover of £650,000 with 80% of takings generated by dine-in customers. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £13,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is a rare opportunity to acquire a fully equipped and furnished restaurant in stunning and characterful premises in an affluent area of Cardiff. The current cuisine is Indian however the space could be easily changed to accommodate a change of cuisine to Thai, French, Italian or a Bistro/Grill menu. The restaurant currently has a turnover in the region of £650,000 per annum and there remains plenty of scope for growth with increased opening hours to include lunchtimes and a marketing focus on business meetings with buffets lunches. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Fixtures & Fittings

3 x Double door under counter wine/drinks chillers

Glass washer

2 Computerised tills

Ice maker

Upright stainless steel freezer

2 x Hot cupboard units below a stainless steel prep surface

2 x Refrigerated cupboards below a stainless steel prep surface

9 Hob gas cooker with 2 double ovens below

Air extraction system

Deep fat fryer

Tandoor oven

Dish washer

2 x Microwave ovens

Chest freezer

CCTV with 7 cameras

Walk in cold room
Trading hours:
Mon - Closed Tue - 12 till 14.00 & 17.00 till 23.00 Wed - 12 till 14.00 & 17.00 till 23.00 Thus - 12 till 14.00 & 17.00 till 23.00 Fri - Closed & 17.00 till 23.00 Sat - 12 till 14.00 & 17.00 till 23.00 Sun - 12 till 14.00 & 17.00 till 23.00 Tue–Sun: 12–2pm, 5–11pm | Fri: Closed Lunch | Mon: Closed.
Tenure:
Leasehold
Location Details:
Cardiff
Leasehold Term:
£1,015 Per Week
Listed by:
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