Restaurants for sale in Norwich

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Well Established Indian Restaurant

Norwich, Norfolk, England

  • Leasehold Price: £55,000  Price Reduced arrow_drop_down
  • Turnover: £83,000
Seller Reference: B05326
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05326
Request Details
Business Description
Business
Please quote reference B05326

Hilton Smythe welcomes to the market Taste of Malabar, a licenced, authentic Indian restaurant that specialises in Southern Indian cuisine. Set in a 65 seater restaurant, Taste of Malabar offers an array of authentic Southern Indian dishes plus other dishes from across India.

The business has strong reviews across the board including 4.4/5* from 115 reviewers on Google, 4.5/5 from 198 reviewers on TripAdvisor, 4.5/6* from 98 reviewers on JustEat and 4.8/5* reviews on the company’s own Facebook page. The business is also being sold with the website www.tasteofmalabar.co.uk

There are many reasons to buy Taste of Malabar including:
Strong online reviews
High footfall area


There is scope for development the business by considering:
Further advertising campaign
Opening lunchtimes
Opening Monday evenings


Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Taste of Malabar is located on Magdalen Street, a main road in and out of Norwich City centre close to the cathedral.

Taste of Malabar is undergoing a name change from Café Malabar, all menus and the website are Taste of Malabar, however, the frontage at the time of our instruction says Café Malabar. Taste of Malabar has been in our client’s ownership since 2014 and has been an Indian restaurant for around 20 years. Our client is selling due to retirement.

Premises
Entrance door to the main restaurant with soft seating in the waiting area across sofas. The bar area is located to the front left of the restaurant and has both Cobra and Kingfisher on tap, drinks fridge, storage shelving, till, card machine etc.

The main restaurant seats 65 across many tables, has air conditioning and an internal music speaker system. There is a door to a storage room which has racking and doubles up as the cellar for the on tap beers.

To the rear of the restaurant is a lobby with hanging area for guests coats and access to the toilets. There are separate toilets for male, female and disabled. All were refitted upon our client taking over in 2014 and are fully tiled. Off this lobby way is a further storeroom with shelving. There is also a door that leads to the rear of the kitchen.

To the rear right of the restaurant is access to a further storage room with freezer, fridges, racking and a door to the kitchen.
The kitchen has two 4 burner stoves, gridle. Tandoori oven, double fryer all with industrial extractor fan over. Sinks, preparation tables, Buffalo microwave, DeLonghi microwave, 2 freezers, 2 fridges.


Tenure
We are advised the business is being sold as a leasehold business opportunity with a 15 year lease from 2016 and an annual rent of £17,000.

Our client informs us that they pay business rates at £4,640

Hours
Monday: Closed
Tuesday - Sunday: 5pm – 11pm


 

 

 

Staff
The business is run and managed by our client, with the help of 2 waiting staff and 2 kitchen staff.

Financial Profile
Taste of Malabar generates an advised turnover of circa £83,000
The assets being sold with the business are worth in the region of £20,000
The average stock level is circa £3,000


Please quote reference B05326

Tenure:
Leasehold
Listed by:
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