Popular Indian Restaurant in East Yorkshire

Hull, East Yorkshire
REF: R06500

Asking Price:
£50,000
Annual Turnover:
£128,998
Annual Net Profit:
£3,033
REF: R06500

Overview

Tenure:
Leasehold
Established:
2010
  • Well-established and well-regarded in the local community
  • Featured on Just Eat, UberEats, and has their own website/app ordering system
  • Quandoo table booking, managing system and online ordering system with a full delivery service
  • Huge potential to increase turnover, currently no alcohol sales
  • Fully renovated
  • Two-bedroom apartment above restaurant
  • Prime location

This is a superb freehold opportunity perfect for a buyer looking to acquire a successful Indian restaurant and business with an extremely strong brand identity in East Yorkshire.

Established in 2010 and still with the original ownership, this business, open every evening, offers authentic and delicious Indian food including a large selection of regional delicacies, made with the finest fresh ingredients.

Their self-proclaimed mission statement is to provide every single customer with courteous and excellent service, delicious and interesting dishes and all of it to be delivered in relaxing surroundings. They have achieved this with great success. The business was recently renovated to a very high standard and is therefore perfectly equipped for any new ownership. The restaurant is in a bustling, sought-after location close to many amenities and main roads.

The business is for sale on a leasehold basis, with a freehold opportunity also available.

The single-fronted building opens into a beautifully and recently renovated ground floor. The space is decorated to a very high standard and is extremely versatile. There’s excellent brand awareness and identity displayed straight away, and everything is sleek and fresh. The ground floor, comprising of the main dining area, has the ability to cater for 60 covers. This means the site is set up perfectly for all levels of busyness. There’s a large bar area near the main doors which is in-keeping with the style of the restaurant overall.

Towards the rear, there’s a large fully-furnished kitchen with ample appliances and equipment. There are also toilets facilities, towards the rear which are a very high standard, in keeping with the whole restaurant. Upstairs, there’s a two bedroom apartment, whereby the current owners are willing to discuss options allowing the purchaser to sub-let the upstairs as this would generate rental income too.

This is an unmissable opportunity for a buyer interested in a restaurant with a fantastic reputation and solid branding to boot. It would be ideal for an experienced restaurateur who is looking for a business with solid foundations so that they can hit the ground running, made even more possible by the impressive £150,000 refurbishment.

The business has an impeccable online presence, including a sleek website with the possibility of table booking and takeaway ordering. There is also a great Facebook page with many excellent reviews, but the business may benefit from also starting an Instagram that portrays the brand identity to the same standards as its website and Facebook profile. This would provide an ideal platform for social media marketing and advertising to increase brand awareness and attract new customers. At present, the business does not have an alcohol licence. The turnover would increase dramatically if alcohol were to be introduced to the menu.

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  • City centre location
  • Residential area
  • Free car parking
  • Other local businesses nearby
  • High footfall
  • No local competition
Rent
£15,000
Rates
TBC
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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