Hilton Smythe welcomes to the market Royal Eastern, which has been owned by our client, who is looking to retire for 16 years.
Royal Eastern is a traditional Indian Takeaway with delivery or pick up options, located in a highly populated residential area bringing in high footfall and repeat custom.
The shop also comes with a separate 1 bedroom fully refurbished flat, which is currently let on an assured shorthold tenancy generating £650 per calendar month.
Royal Eastern is a member of JustEat and is being sold with the website www.royal-eastern.co.uk
Hilton Smythe highly advise early viewing to avoid disappointment.
Any potential buyer would be expected to cover all of the fees involved in the sale.Location
Royal Eastern is a long standing Indian Takeaway located in the Suffolk County Town of Ipswich, in a highly populated residential area on the eastern side of the town.
There is parking directly outside the premises, which is located on a main roundabout.Premises
Entrance door from the main road to the reception area.
Reception has tiled walls and floor, soft seating waiting area, service counter with inset fish tank.
Service counter has till, storage below, TV and doorway to the kitchen.
The 5* hygiene rated industrial stainless steel kitchen contains:-
8 burner hob
All with industrial extractor fan over
Stainless steel preparation area
Large walk in chiller
To the rear of the kitchen are doors to the staff toilets and door to outside parking area, giving 2 car staff parking spaces.
The flat has a separate entrance door to the side of the shop. On the ground floor there is a storage cupboard, the stairs lead to the first floor flat with lounge, bedroom, re fitted kitchen and re fitted bathroom.
The shop and the flat both have gas central heating via radiators.Tenure
We are advised the business is being sold as a leasehold business opportunity, with a new lease 20 year lease from March 2018, with an annual rent of £18,000, which also includes the fully refurbished flat generating a rental income of £650 per calendar month on an assured shorthold tenancy.Hours
The business opening hours:
Monday - Thursday: 5.30pm – 10pm
Friday - Saturday: 5.15pm – 10.30 pm
Sunday: 5.15pm – 10pm
The shop could be open Saturday & Sunday daytime to increase turnoverStaff
The business is run and managed by our client, with the help of 3 part time and 3 full time members of staff.Financial Profile
Royal Eastern generates an advised turnover of circa £175,000, approximately £3,500 per week.