Indian Restaurant
Location:
United Kingdom
->
Birmingham
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Advent Business Sales are pleased to offer to the market this well established Indian restaurant for sale, which has been trading successfully for the past 3 1/2 years. The current owners have been in ownership for the last 1 1/2 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 decor, 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. Four full time and two part time employees staff the business. 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.
Trading Hours:
Mon-Sat: 5.30pm - 12midnight
Sun: 5.30pm - 11.00pm
Financial Information: We have been advised by the vendor of the following:
Weekly sales: £2,500 - £3,000
Gross Profit: 70%
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2004
Number of Employees: 6 - 9
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Owned
Property: Property For Not Applicable
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70095330
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