Restaurants for sale in Upminster

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Indian Restaurant & Accommodation - Upminster

Upminster, Essex, England

  • Leasehold Price: £99,950  Price Reduced arrow_drop_down
  • Annual Turnover: £134,088
  • Annual Gross Profit: £80,547
Seller Reference: 6425
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Business Description
 
 
 
 
 
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Seller Reference: 6425
Request Details
Business Description
Excellent Trading Location
**Year End Accounts To 30th June 2019**
Annual Turnover £134,088
Gross Profit £80,547
Accounts Available After Viewing
Established 1998
Customer Seating For 54
Beautifully Presented
Large Customer Base
Experienced & Reliable Staff
Self Contained Tenanted 2/3 Bedroom Flat
Rental Income £12,000 Per Annum
EPC - D
REF 6425 – Leasehold Indian Restaurant & Accommodation

Blacks Brokers are pleased to bring to the market this leasehold Indian restaurant with accommodation located in the much sought-after area of Upminster, Greater London.

INTRODUCTION

Cafe Le Raj has been trading on St. Marys Lane since 1998 with our client in ownership since opening. The restaurant has firmly established itself within the local community, gaining a large base of regular customers and a superb reputation offering dine in, takeaway and delivery services.

LOCATION

Located on St, Mary’s Lane in the affluent area of Upminster in Essex, the restaurant occupies an excellent trading position close to a range of other shops and local businesses. Upminster is well linked by the A124, A127 and the M25 with superb public transport links and parking is available close by.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but will soon be 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 ten years with rent reviews every 5. The current lease began in 2015 at a cost of £432 per week – this includes the accommodation within the first floor of this property.

BUILDING LAYOUT AND DESIGN

Cafe Le Raj operates from the ground floor of a spacious, mid terraced property within a busy parade of shops and other local businesses. The business has excellent branding and signage displayed above a fully glazed frontage. Inside, the restaurant is very nicely presented with seating offered for up to 54. This area has classic décor and lighting in place with freestanding tables and chairs and a fully stocked bar to the rear of the space. There is also a store room and both staff and customer toilet facilities. The commercial kitchen is well equipped with air extraction system, tandoori oven, eight-ring gas cooker with two double ovens, stainless steel food preparation areas and much more.


The accommodation is housed within the first floor and comprises of two bedrooms, living room, fitted kitchen and family bathroom. The living room could potentially be used as a third bedroom if desired. The flat has a separate entrance. This generates £12,000 per annum in addition to the business takings.

STAFF

The business is currently operating with eight members of staff in employment – this includes four kitchen staff and four front of house staff. Our client also works on a part time basis overseeing the running of this busy restaurant. Staff are able to continue here if required to ensure a smooth transition for clients and the new owner - giving reassurance that the momentum of success can be continued under new ownership.

FINANCIAL DETAILS

Cafe Le Raj has traded solidly during the last 20+ years. We are advised that the business currently has annual turnover of £134,088 with gross profit of £80,547. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £3,100. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

Upminster is a much sought after area as it’s quite affluent and the restaurant is positioned within a busy location with plenty of evening trade. The additional rental income from the flat is £12,000 per annum. There is plenty of scope to develop the business further with an improved hygiene rating and strong marketing drive. 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:
Air conditioning system

Air extraction system

Double door chiller

Towel warmer

Plate warmer cabinet

8 Ring gas cooker with 2 x double ovens below

Tandoori oven

Microwave oven

Range of stainless steel food prep units

Deep fat fryer

2 x Stainless still upright fridges

2 x Chest freezers
Trading hours:
Mon - 5.30pm - 11pm
Tue - 5.30pm - 11pm
Wed - 5.30pm - 11pm
Thur - 5.30pm - 11pm
Fri - 5.30pm - Midnight
Sat - 5.30pm - Midnight
Sun - 5.30pm - 11pm
Tenure:
Leasehold
Location Details:
Upminster
Leasehold Term:
£432 Per Week
Listed by:
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