For Sale
Well established Indian Restaurant for sale
Derby, Derbyshire
- Asking Price: £34,995 +SAV
-
Turnover:
We are advised as per the 2020, the business generated a turnover in the region of £70,000. Full financials can be made available upon further request.
Please quote reference B06392
- Tenure: Leasehold
Please quote reference B06392
Hilton Smythe is delighted to welcome to the market this well-established restaurant, which is ideally located within Derby.
The business was originally established in 2010 and has been in our clients’ careful ownership since. Only now is the business being offered to the market due to ill health. The business currently operates 6 days per week and generates a turnover in the region of £70,000 per annum, with a good gross profit.
Well known in the area for their fantastic dishes such as Tandoori dishes, chicken specialities and much more with fantastic reviews- such as ‘Very lovely food didn’t fail to impress, would 100% recommend to anyone. Will definitely be coming back for more lovely!!’
The business has built up an enviable reputation within the area and further afield for the very high quality of the food and service, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business also has excellent website reviews on the very popular travel website Trip Advisor.
The sale of the business includes -
- 5 x freezers
- 1 x Bar counter
- 1 x Deep freezer
- 2 x fridge
- 10 x Tables
- 38 x Chairs
- 1 x Clay oven
- 2 x Cooker
- 1 x Deep fryer
- 1 x Cold room
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
We are advised that the business has 4 part-time members of staff.
The business hours are -
Monday - Closed
Tuesday – 5:00PM – 10:00PM
Wednesday – 5:00PM – 10:00PM
Thursday – 5:00PM – 10:00PM
Friday – 5:00PM – 10:00PM
Saturday – 5:00PM – 10:00PM
Sunday – 5:00PM - 10:00PM
The business is located on Stenson Road providing an abundance of footfall.
The area is surrounded by a wealth of complementary shops and businesses, with free parking within the proximity.
Derby train station is just a short drive away and there are main bus links leading to and from surrounding towns.
The A52 is also a short drive away which leads to the M1 motorway network.
The business is located in a traditional purpose-built commercial premise, that has undergone a recent refurbishment and can now be found in true “turn key” condition.
The premises briefly comprises of;
Bright & welcoming service area and bar, with seating , service counter with order & till area, refrigerated storage, & overhead wine rack
To the rear is the immaculately presented kitchen area with a host of industry standard equipment, ample stainless steel preparation areas with sink, various refrigerated & freezer storage & chiller, along with ample food preparation areas.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 9 years remaining on the 20 year lease. The rent is £1,250 per month.
The landlord will require a 6 month deposit.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
