Authentic Indian Fine Dining Restaurant based in Croydon

South Croydon, London
REF: R06896

Asking Price:
£80,000
Annual Turnover:
£260,000
Annual Net Profit:
£40,000
REF: R06896

Overview

Tenure:
Leasehold
Established:
2010
  • Well-Established
  • Authentic Indian Food
  • Fantastic Reputation
  • Affluent Location
  • 5-Star Gourmet Society Award Winners

The business for sale is a well-established Indian fine dining restaurant, just south of Croydon. It’s 5-Star Gourmet Society Award reflects the warm atmosphere and authentic food. This is not just a restaurant! The brilliant restaurant occasionally provides dinner and show, hosting evening events which provide 3 course meals and live entertainment.

The up-to-date website is easy to navigate and captures the personality of the restaurant perfectly. You can also order online through their own e-commerce section.

The restaurant can accommodate more than 70 people and serve fresh food every day, produced locally from their neighbouring caterers. Over the years they have acquired world-renowned chefs with 20 years of experience, producing new foods regularly to test the taste buds of the Croydon locals. Perfect for a luxury weekend meal or business dinner, the restaurant caters for all groups of people. They even host cooking classes throughout the year.

The business for sale is on a leasehold basis.

The restaurant operates from a single fronted property last refurbished in 2014. As you walk in there is a bar on the left-hand side, a seating area and an open plan dining area for up to 90 covers. There are 2 WC’s, a fully equipped kitchen, and a staff WC. The equipment in the kitchen has a value of approx. £8k and all the restaurant furniture and fittings equate to around £6k.

There are 3 menus, a la carte, takeaway, party. They also offer a Sunday buffet served between 12-5 pm. The party menus are popular for big functions and the buffet promises fresh food every day. They cater to a variety of different tastes serving a selection of meat, chicken, side dishes, rice, bread, starters, salads, sauces and dips. The restaurant website is well-informed displaying the menus in full detail as well as posting professional food photos in their gallery.

Rajeev’s Indian Fine Dining has a number of initiatives that will fuel further progression. Due to the positioning within a parade of shops, there are also several complementary businesses in the vicinity offering up more custom daily.

This is an unmissable opportunity for a buyer interested in a restaurant with a fantastic reputation and solid branding to boot. The premises are a huge selling point as they were just recently refurbished. They have been presented wonderfully and offer a cosy and enjoyable experience for the customers. This would be the perfect opportunity for a passionate entrepreneur to increase the, already high, sales turnover. The business could benefit from more marketing, developing social media further and expanding outside catering opportunities.

This is a business with very strong foundations and a clear, focused structure of the operation. The owner is willing to discuss a transitional period where the new buyer can familiarise with the business.

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  • Popular residential area
  • Affluent location
  • Complementary businesses nearby
  • Main road
  • Ample parking facilities
Rent
£30,000
Rates
£7,200
Lease Term
20
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
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Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
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Number of Employees
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