Restaurant

A superbly presented, fully equipped licensed Indian restaurant and takeaway in a prominent main road location, offering an incoming owner-operator an excellent opportunity to build on an already loyal customer base. With a stylish fit-out, built-in bar, well-equipped kitchen and the benefit of additional letting room income upstairs, the business also lends itself well to conversion to another cuisine concept, or to a bar/lounge operation, given its prominent glazed frontage, built-in bar and versatile layout. A genuine opportunity offering significant scope for growth

Location

A well-established restaurant occupying a prominent position on this busy main road (A13, London Road), surrounded by a dense parade of other well-patronised retail, eating and drinking establishments. The premises benefit from a large glazed double-fronted frontage, excellent passing trade and footfall, and sit within a densely populated residential catchment area with good on-street and lay-by parking nearby.

The Premises

A terraced ground and first floor property with a large glazed frontage and fascia board. The glazed entrance leads into a welcoming reception/waiting area with staircase to the first floor, and through to the main RESTAURANT providing comfortable seating attractively decorated throughout with ceiling-mounted air conditioning. BAR AREA fitted with a built-in bar with wooden top, back-bar optics and bottle display, draught beer dispense (Cobra), wine and spirit storage, glass racking and service area. TRADE KITCHEN fitted with commercial extraction canopy, gas cooking range/burners, twin-basket fryer, stainless steel preparation tables and spice/masala station, wash-hand basin and service pass through to the restaurant. FURTHER PREPARATION & COLD STORE with upright stainless steel fridges/freezers, additional preparation surfaces, and dry goods storage, tiled flooring throughout. SEPARATE CUSTOMER TOILETS, external bin storage, and rear access.

First Floor

accommodation currently arranged and let as letting rooms, generating additional income (see Tenure/Income below). But was previously overflow seating for the restaurant.

The Business

● STYLISHLY PRESENTED throughout with a contemporary, high-quality fit-out ● 45 COMFORTABLE COVERS across a well laid-out ground floor restaurant ● BUILT-IN FEATURE BAR serving draught and bottled beers, wines and spirits ● GENUINE REASON FOR SALE and offering excellent scope for a hands-on owner-operator to grow turnover further Currently trading successfully as a licensed Indian restaurant and takeaway, the business is presented to a high standard with rich, characterful decor including exposed brick feature walls, statement pendant lighting, banquette and leather tub-chair seating, and eye-catching Indian-inspired styling. The layout and fit-out are versatile and would equally suit an incoming owner wishing to continue trading as an Indian restaurant, or to re-concept the space for another cuisine, or as a stylish bar/lounge given the existing built-in bar, glazed frontage and prominent road position.

Staff

The business is currently run by an owner-operator, supported by a chef and 4 part-time front of house staff, keeping overheads lean and offering a straightforward handover for an incoming hands-on owner.

Trading Hours

Currently trading evenings, with flexibility for an incoming owner to extend hours/days and introduce lunchtime trade. Monday - Closed Tuesday - Thursday 5.30pm - 10pm Friday - Saturday 5.30pm - 11pm Sunday 1pm - 9pm

Turnover

We are advised takings average approximately £3,000 per week, working to the usual high gross profit margins associated with the trade. ADDITIONAL INCOME - FIRST FLOOR LETTING ROOMS In addition to restaurant trade, the vendor currently achieves further income of approximately £500 per calendar month from each from 4 lettings rooms on the first floor with a combined additional income of £2,000 per month - a valuable additional revenue stream with scope to develop further.

Tenure

Licence to assign with approximately 6 years remaining at a current passing rent of £23,000 per annum.

Business Rates

We are advised that current business rates payable are approximately £599 per calendar month.

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction, plus (where applicable) landlord's costs as per lease terms.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.