Popular Indian Restaurant in Kent

Ashford, Kent
REF: R07559

Asking Price:
£88,000
Annual Turnover:
£240,000
Annual Net Profit:
TBC
Recently Sold
REF: R07559
Photo of Popular Indian Restaurant in Kent
Photo of Popular Indian Restaurant in Kent
Photo of Popular Indian Restaurant in Kent
Photo of Popular Indian Restaurant in Kent

Overview

Tenure:
Leasehold
Established:
2000
  • Fully licenced
  • Loyal customer base
  • Equipment included
  • Takeaway service with Just Eat
  • Strong supplier relationships

Situated in the heart of the local community, this popular Indian restaurant is now available for immediate purchase.

Serving a wide range of traditional, gluten-free Tandoori and Balti dishes cooked to perfection, the restaurant has built up a returning customer base, earning it an excellent reputation both via word of mouth and online.

The sale of the restaurant comes complete with a fully-equipped premises in a bustling area, which would allow the new owner to easily continue trading immediately.

The restaurant trades from a spacious premises, positioned in a courtyard surrounded by other businesses. On entry, customers immediately step into the dining area which can host up to 50 covers. Towards the rear is a well-stocked bar with a coffee machine in excellent condition and further on is a kitchen containing all essential appliances and equipment to ensure an efficient service. Further on is a storage room and toilet facilities. There is also seating outside for up to 8 people in warmer weather. The lease expires in 2028 and there is a rent review every 5 years, the next is in 2023.
 
Its online presence is strong, with a website and Facebook page in place which displays fantastic testimonials from its loyal customers. The business also has a loyalty scheme in place which is instrumental in enticing customers back.

A perfect acquisition for an individual who is passionate about Indian cuisine and has the drive and determination to push the business forward, a new owner could lead the business to future profitability.

Further advertising through social media and leafletting in the local area would help to reach out to a wider audience and draw in a new wave of customers. Partnering with other food couriers such as Deliveroo would be a great way to increase turnover through online deliveries.

The current owner is happy to stay on for a transitional period of up to 3 months to ensure a smooth handover of business operations.

Features

Online Presence

Location

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  • Nearby car parking
  • Great transport links
  • Residential area
  • High footfall
  • No local competition
  • Plans for redevelopment

Property

Annual Rent
£11,340
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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

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