Established Indian Restaurant & Takeaway in Cornwall

Penzance, Cornwall
REF: R08074

Asking Price:
£126,000
Annual Turnover:
£266,436
Annual Net Profit:
£61,392
REF: R08074
Photo of Established Indian Restaurant & Takeaway in Cornwall
Photo of Established Indian Restaurant & Takeaway in Cornwall
Photo of Established Indian Restaurant & Takeaway in Cornwall
Photo of Established Indian Restaurant & Takeaway in Cornwall

Overview

Tenure:
Leasehold
Established:
1984
  • Excellent reputation and loyal customer base
  • Spacious and well-equipped premises
  • Events hosted
  • Low overhead costs
  • Locally sourced produce

The business for sale is an established Indian restaurant and takeaway in Cornwall. This long-running company was originally established in 1984 and was taken over by the current owners in 2019. The restaurant has been green growing steadily since its creation and has gained an excellent reputation and a loyal customer base in the local community.

For this Indian restaurant, it’s not merely about great tasting food, but also its opulent tradition and history. The business prioritises staffing the restaurant with an award-winning chef and fantastic kitchen team, that aim to create exciting, new dishes, using the very best locally sourced produce. The friendly, professional team is currently made up of 6 full-time and 2 part-time members of staff.

The spacious and well-equipped premises are set in an aesthetically pleasing environment, which infuses Cornwall with an exciting taste of the East. All events are run by the company’s highly experienced event manager and service team, who provide a professional, polite, and efficient service.

The restaurant covers 50 people, has an alcohol licence, a 5-star hygiene rating, and even offers delivery and external catering services. With low overhead costs, this fantastic business would be the perfect opportunity for an operator within the catering industry.

The restaurant has an excellent, high-street location in the Cornish town of Penzance, with nearby car parking and proximity to other local businesses. Most importantly, there is a high rate of passing footfall and no local competition, which should ensure a steady flow of trade for the new owner.

All the equipment is worth an estimated £20,000 and will transfer over with the business sale, including chairs, tables, the till, the bar, beautiful artwork, and a fully equipped kitchen.

The restaurant covers 50 people, has an alcohol licence, a 5-star hygiene rating, and even offers delivery and external catering services. With low overhead costs, this fantastic business would be the perfect opportunity for an operator within the catering industry. A 3 bedroom apartment is included in the lease alongside two storage rooms. The accommodation must be used by the owners or staff, it cannot be sublet. There is plenty of street parking nearby.

This would be the ideal opportunity for an operator within the catering sector.

There is huge potential for growth with this business, as there is a massive opportunity to grow the marketing efforts of the company, by increasing advertising and developing the social media presence. Introducing a loyalty discount could also be another great way, to attract further trade.

Features

Online Presence

Website: tajmahalonline.co.uk

Location

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  • Nearby car parking
  • High footfall
  • No local competition
  • Close to local businesses
  • High-street location

Property

Annual Rent
£19,500
Annual Rates
TBC
Lease Term (Years)
15
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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