Authentic Indian Restaurant in North Lincolnshire

Barton-upon-Humber, North Lincolnshire
REF: R07040

Asking Price:
£310,000
Annual Turnover:
£141,712
Annual Net Profit:
£25,000
REF: R07040

Overview

Tenure:
Freehold
Established:
1991
  • Longstanding in community – excellent reputation
  • Large 2-bed apartment included
  • Change of cuisine
  • Leasehold £80,000
  • Well-presented premises
  • 5* hygiene rating
  • Huge scope for growth

The business for sale is a fashionable Indian restaurant in Barton-upon-Humber, Lincolnshire. Established in 1993, the restaurant is recognised in its area for its varied menu with a modern twist on traditional Indian dishes, on an eat-in or takeout basis.

The sale also includes a large 2 bed apartment that, with some minor cosmetic decoration, could be rented out as an additional revenue source or be used by the new owners as living accommodation.

The business has obtained an excellent reputation and still has huge scope for further growth. The business does not offer a delivery service, if implemented, the financials could be boosted dramatically. The business is now for sale on a freehold basis, with the option to buy the leasehold for £80,000.

The restaurant operates from a single-fronted property in a terraced, high street position. Externally, the business name is listed overhead in warm, red and gold colouring. Through the entrance, customers are greeted to a bar area within the renovated dining area, which accommodates up to 40 diners. Towards the rear of the restaurant, there are customer toilets, a large kitchen and preparation room. On the first floor there is a large 2 bed apartment comprising of the bedrooms, a kitchen and living room area.

All equipment is included within the sale.

The current owner is also willing to stay on for a transitional period, if needed.

Appealing to a current takeaway or restaurant owner specialising in Indian cuisine, the business is extremely expandable if taken on by a committed and driven buyer.

A potential buyer also has the opportunity to change the cuisine and theme of the restaurant – offering other popular continental dishes such as, Chinese, Spanish, Mexican or Italian.

Implementing an effective and thorough marketing campaign would be highly beneficial in bringing in new customers. This could be done by in-print leaflet drops in the local area, as well as setting up an online website and multiple social media platforms through which the business’s new dishes or special offers could be promoted.

Introducing a delivery service either through a website or on Just Eat would also be effective in increasing profit.

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  • Town location
  • High street location
  • High footfall
  • No local competition
  • Car parking nearby
  • Residential area
Rent
N/A
Rates
TBC
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
£235,000
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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