For sale £110,000 - General Retail
Long Established Indian Restaurant Leasehold Northampton
Established in 1994 this restaurant quickly established itself, with speciality Balti dishes and family sized Naan it quickly developed a strong eat in and delivery trade. Now with Hungry House and Just Eat listings it it is a thriving Business.
Originally set up by three business partners, retirement now beckons and the families look to pass the business onto new owners.
Located on a busy thoroughfare into Northampton the location is ideal for attracting passing trade, whilst convenient free parking surrounding allows patrons easy access. The restaurant is split over two floors allowing for up to 70 covers.
Access to the first floor is both front and back allowing staff direct access to the kitchen at the rear. All areas have been recently refurbished included customer toilets on both floors. Downstairs there are 3 cosy booths to seat up to 6 as well as traditional tables that can be arranged for larger or smaller parties.
The premises are currently on a long lease with 19 years remaining, the Landlord is open to discuss similar terms for the new owners. Rent is 18,000.00 and rates are currently being re-assessed
The restaurant is staffed by the owners and family members together with up to 14 part time staff. Staffing costs are ca £-3200 per week.
Trading is currently 5pm to 11 pm, Monday to Thursday opening till midnight on Friday and Saturday, open Sunday. Turnover is ca £7-8,000 per week producing net annual profits of ca £150,000.
This is a fantastic opportunity to develop a well established business that generates good profits and yet has potential for the new owners to build and to put their own stamp on the business.
The business is offered with all fixtures and fittings ready to trade (full list available on viewing). Offers are invited for the business to include all assets and goodwill (excluding trading name) on a cash free debt free basis. A full profile is available once a confidentiality & non disclosure agreement has been signed.
All enquiries to:
City Business Brokers
400 Pavilion Drive, Northampton Business Park, Northampton, NN4 7PA
O: 01604 385040
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.