Restaurants for sale in Cirencester

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Well Established Indian Restaurant

Cirencester, Gloucestershire, England

  • Leasehold Price: £149,999
  • Turnover: £314,207
  • Gross Profit: £164,455
Seller Reference: B05407
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Business Description
 
 
 
 
 
 
 
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Seller Reference: B05407
Request Details
Business Description
Business
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Indian Rasoi Limited which is a well-established restaurant with a renowned reputation amongst residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

Indian Rasoi was founded by the current owner approximately 10 years ago and the business has been a real labour of love for him and flourished under his ownership accruing an unrivalled reputation and many loyal customers.

Alas this wonderful business is now being sold, albeit reluctantly and with heavy heart only due to the vendors wish to concentrate on other business interests , he is keen to see his beloved restaurant pass to an ambitious and entrepreneurial new owner who can take it to the next level.

Indian Rasoi is the perfect place to experience a mixture of traditional and contemporary Indian food in a relaxed, friendly and warm environment. An utterly characteristic interior

with a welcoming feel is complimented by a constant hum of conversation from happy customers and the bustle of well turned out serving staff, darting from table and table chatting with customers and taking orders.

The business prides itself on being one of Cirencester’s most exciting and exclusive restaurants.

Indian Rasoi offers an extensive menu with meals being freshly prepared on the premises using local ingredients wherever possible and including;


  • Starters.

  • Chefs Specialities.

  • Seafood Dishes.

  • Vegetarian Dishes.

  • Traditional Curry Dishes.

  • Birianies.

  • Tandoori Main Dishes.

  • Sides and Sundries.

  • Hot and cold drinks.

  • Wines, beers and spirits.


India Rasoi also offers a popular and extensive takeaway menu.

The sale will include the company website (www.indianrasoi.org) and Facebook page and the business enjoys great visibility on the internet with great reviews via websites such as www.tripadvisor.co.uk, www.quandoo.co.uk, www.yell.com, www.192.com, www.groupon.co.uk and www.lovingthecotswolds.com etc.

Scope to Improve


  • Advertising and marketing campaign.

  • Maximise the use of social media particularly Twitter and Instagram.

  • Extend the opening hours, perhaps opening as a coffee shop in the mornings.

  • Introduce a customer loyalty card / scheme.

  • Explore online delivery options from the likes of Just Eat and Hungry House.


Reasons to Buy


  • A well-established business with an enviable reputation and many regular customers.

  • Prime trading position in the heart of Cirencester.

  • All fixtures and fittings included making this a real ‘Turn-key’ business.

  • Ideal owner managed or partnership business.

  • A Lifestyle business offering a lucky new owner the opportunity of working in the beautiful town of Cirencester.

  • Current owner happy to offer a handover to ensure the continued success.

  • Little competition locally.

  • Priced to sell.


Hilton Smythe highly advise viewing to avoid disappointment.

This lovely restaurant business is likely to attract considerable interest.

Location
Indian Rasoi is in Cirencester.

Cirencester is a market town in Gloucestershire, 80 miles northwest of London. Cirencester lies on the River Churn, a tributary of the River Thames, and is the largest town in the Cotswolds.

It is the home of the Royal Agricultural University, the oldest agricultural college in the English-speaking world, founded in 1840.

Cirencester has a range of diverse range of diverse shops that will cater for many people’s needs. The town centre has the usual chain stores, but it is the smaller and often independently owned stores that attract many people to shop in Cirencester.

Cirencester is the hub of a road network with routes to Gloucester (A417), Cheltenham (A435), Leamington Spa (A429), Oxford (A40 via the B4425 road), Wantage (A417), Swindon (A419), Chippenham (A429), Bristol, Bath (A433), And Stroud (A419), although only Gloucester, Cheltenham, Stroud and Swindon have bus connections.

Kemble railway station which is 3.7 miles away provides regular services between Swindon and Gloucester, with peak-time direct trains to London Paddington station.

Indian Rasoi is ideally positioned close to the main shopping area of the town and thus benefits from high levels of footfall and passing trade.

The business is beautifully presented and fastidiously maintained with clear visible signage and a real ‘upmarket ‘feel.

There is free parking to the rear of the business as well as several inexpensive, public car parks within easy walking distance.

Premises
Indian Rasoi Limited occupies a beautiful, grade 2 listed period style premises and is presented and maintained to the highest standards with a pleasing upmarket feel. The business briefly comprises;

Ground Floor

Hallway

A grand entrance hall with doors to front and rear, tiled floor, high ceilings with roof light, dado rail and impressive sweeping staircase leading to first floor. Useful under stairs storage cupboard.

Bar / Reception

A stunning room, generously proportioned and retaining many period details, expensive looking tiled floor, beamed ceilings with classy lighting, two windows to the rear creating a light, airy and inviting interior, two bespoke window seats, feature fireplace with wood burning stove, leather sofas with low glass table, bespoke timber bar with marble effect worktop, range of base units, double glass fronted drinks chiller, inset circular basin with Monobloc tap

Restaurant (rear)

Lovely room, which is ideal for intimate dining, nicely proportioned, windows to side, period style beamed ceilings, feature fireplace with wood burner, quality tables and chairs provide approximately 85 covers

Restaurant (front)

Generous restaurant with expensive looking wood flooring, two windows to front (original sashes) built in cupboard, dado rail and another period detailing

WC’s

There are ladies and gents’ toilets and a recently refitted disabled toilet.

Kitchen

Generous and comprehensively equipped catering kitchen, high ceilings with access to roof space, vinyl non slip flooring, walk-in chiller, glass fronted chiller, 9 burner range cooker, single basket fryer, Tandoor oven, hand wash basin, stainless steel preparation tables, Buffalo microwave oven, two stainless steel warming cupboards, stainless steel wall cladding, twin stainless steel sinks, wall mounted plate racking, chest freezer, fridge / freezer, perimeter shelving, door to rear.

First Floor

Restaurant / Function Room

Generous room with feature fireplace (cast iron), dual aspect with windows to front and rear, carpeted flooring, alcove shelving and bespoke cupboards , tables and chairs provide approximately 40 covers but room for more.

Walk in Wine Store

With bespoke shelving

Bar / Freezer Room

Window to side, fluorescent lighting, wine racking, glass storage, double glass fronted drinks chiller, single glass fronted drinks chiller, stainless steel hand wash basin, two chest freezers, floor storage space.

Externally

To the rear of the premises is an open yard with three allocated parking spaces.

There is also an external ‘Dry Goods ‘Store with perimeter shelving and floor storage space.

Tenure
We are advised that Indian Rasoi is being sold as a leasehold business opportunity.

The existing lease is arranged on a monthly, rolling basis currently but we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £36,000 per annum which is reasonable given the size and location of the premises.

We are advised that the business benefits from being exempt from business rates.

Hours
Monday to Friday 10.00 – 11.30, 17.30 – 23.00
Saturday and Sunday 12.00 – 14.00, 17.30 – 23.00


Staff
The business is run and managed by our client with the help of 9 full time members of staff.

Financial Profile
Indian Rasoi generated an advised annual turnover of circa £314,000 as per the 2017 accounts with a gross profit of roughly 58%.

The business continues to grow at an impressive pace.


Tenure:
Leasehold
Listed by:
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