Freehold Indian Restaurant For Sale

Business description

Advent Business Sales are pleased to offer to the market this well established Indian restaurant, which has been trading successfully for the past 3½ years.

The current owners have been in ownership for the last 1½ years. The owners are reluctantly selling due to other major business interests, which have recently matured.

Due to a requirement for a quick sale, we must point out that the freehold is being sold at £49,000 below valuation and if sold as leasehold, this is some £23,500 below valuation.

The restaurant offers both Indian and Bangladeshi cuisine to eat in or take away. A delivery service is also available.

The client base is local and to a 5 mile radius.

The décor, lighting, fixtures and fittings are to a very high standard, with the colourings and hung pictures being purposely designed to induce a relaxed and homely state of mind, making the eating experience total.

The restaurant is designed on a split level basis and has a comfortable 52 covers. In the evening, car parking can be up to 10 to 15 cars on the front and 100 on the nearby supermarket.

The restaurant is steel shuttered and fully alarmed.

We are advised that stock at cost is approximately £3,000.

The restaurant is very close to one of the university complexes and there is a large complex of student flats across the road
This is a first class freehold restaurant at a knock down price, which will sell quickly, it could easily be not only Indian but with small kitchen alterations Chinese or indeed Thai.

There are no restaurants in the area of this kind.
REF: 9000B
Leasehold is available at £95,000+SAV.

Property information

Property:

Freehold

Lease terms:

TENURE: Freehold or Leasehold
Original lease: TBN
Remaining lease: TBN
Review every: TBN
Rent: £20,000 P.A. restaurant and flat

We are advised that the annual business rates are currently: £800

Living accommodation:

The restaurant is double fronted. It is fully equipped for wheelchair access with ramp from the front car park to the central doorway. Within the doorway is a small reception and waiting area with a well equipped and beautifully presented bar. Railings separate this area with the main restaurant, which has both split level ceiling with spot lighting as well as split level dining. Central throughway goes to the rear of the restaurant. Ladies and gents w/c’s both are wheelchair friendly Fully equipped kitchen in stainless steel, double sink and drainer, microwave, bench, tandoor, 8 burner stove with two double ovens, fryer, all with overhead extraction plus hand wash. Mid prep area with shelf, hot cupboard, large double fridge. There is a rear doorway leading to a shared passageway between the restaurant and the next door business. First Floor Stairs up to bathroom/wc, cupboard and dry store room with 3 deep freezers, lounge, kitchen and 3 bedrooms External • Very deep paved car park area • Footpath to the roadway

Location:

Our client’s restaurant is conveniently located on a major arterial road out of Birmingham. It is positioned on a shopping precinct close to a major discount supermarket in a very highly built up residential area. The area itself is a thriving community.

Birmingham is blessed with some of the best shopping outside London and is connected to the capital by both high speed rail links and the M6/M40 motorways.

It also has its own international airport, as well as being the home of the National Exhibition Centre, which now is of international renown.

Other information

Trading hours:

Mon-Sat: 5.30pm – 12,Sun: 5.30pm – 11pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

• 
• Document

• 
• Document