For Sale
Well established Indian Restaurant with living accommodation for sale
Maidstone, Kent
- Asking Price: £169,995 +SAV
-
Turnover:
We are advised that the business generates a turnover in the region of £350,000. Full financials can be made available upon further request.
Please quote reference B06699
- Tenure: Leasehold
Please quote reference B06699
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Zarda Cottage which is a well-established restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
The business was founded approximately 10 years ago and has been run as Zarda cottage by the current owner for the last 5 years or so and has flourished under his ownership accruing an impressive number of regular customers and a burgeoning reputation. Alas this great little business is now being sold , albeit reluctantly and with a heavy heart only due to the need to concentrate on other business interests
The vendor is keen to see his beloved restaurant pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Zarda Cottage serves an impressive range of food, freshly prepared on the premises using local produce wherever possible. The business offers a selection of the finest Indian cuisine with a range of dishes that capture the most authentic and tantalising flavours and aromas. Specially ground spices from the Indian sub-continent are combined with the freshest ingredients ensuring both traditional taste and exquisite flavours.
The comprehensive menu includes:
- Starters
- Tandoori Platters
- Traditional Dishes
- Curries
- Balti’s
- House Specials
- Vegetarian Dishes
- Biryani Dishes
- Special Set Meals
- Rice and Naans
The business benefits from impressive reviews such as -
- “Lovely food, good service and friendly staff”
- “Always really tasty, super quick delivery and lovely staff service“
- “Love this restaurant, cozy and good atmosphere…book early!“
- Well established business with an enviable reputation and many existing customers
- Prime trading position in the centre of the village
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
- All fixtures and fittings included making this a real Turnkey business opportunity
- Includes generous potential living accommodation.
This lovely little business is likely to attract considerable interest.
We are advised that the business is owner run and managed, with the help of 8 full-time and 3 part-time members of staff.
The business hours are -
Monday – 12:00 – 14:30 & 17:00 – 23:00
Tuesday – 12:00 – 14:30 & 17:00 – 23:00
Wednesday – 12:00 – 14:30 & 17:00 – 23:00
Thursday – 12:00 – 14:30 & 17:00 – 23:00
Friday – 12:00 – 14:30 & 17:00 – 23:00
Saturday – 12:00 – 14:30 & 17:00 – 23:00
Sunday – 12:00 – 14:30 & 17:00 – 23:00
Zarda Cottage is located in Yalding.
Yalding is a village and civil parish in the Borough of Maidstone in Kent. The village is situated 6 miles south west of Maidstone. At the 2001 census, the parish which includes the villages of Benover and Laddingford, had a population of 2418.
Yalding village and environs are primarily served by Nu-Venture buses 23 and 26.
Yalding railway station lies on the Medway Valley Line which links Stroud, Maidstone West, Yalding, Paddick Wood and Tonbridge.
Zarda Cottage occupies a prominent position in the centre of the village and is nicely presented and maintained with clear visible signage.
There is free on-street parking in the roads and streets surrounding the premises along with an inexpensive public car park close by.
The business occupies the ground floor of an attractive period property and briefly comprises -
Restaurant - Window to front creating a light, airy and inviting interior, the restaurant retains many original features and is presented to the highest standards with a pleasing upmarket feel. Beautiful looking wood flooring complimented by feature beamed ceilings and wall timbers, u-shaped bar area with under counter fridges and glass fronted drinks chillers, EPOS till system, pendant and wall lighting, nice quality tables and chairs giving ample seating space, interesting triangular seating booth, air conditioning, feature fire place, utility area with a coffee machine and grinder, tiled walls and two larder type fridges.
Kitchen - There is a generous and comprehensively equipped catering with tiled walls and non-slip vinyl flooring, fluorescent lighting, full extraction system with stainless steel canopy, 9 burner range cooker, 10 pot wall mounted toppings bar, deep double stainless steel sink and drainers, wall mounted utensil storage, stainless steel preparation tables, 2 x microwave ovens.
Customer Cloakrooms - Recently refurbished with close coupled toilet and hand wash basin and mosaic tiling to walls and floor.
There are a further two floors above the restaurant and which offer potential for owners or staff accommodation or Airbnb possibilities with a little upgrading.
First floor - 3 good size rooms, store and a roof terrace
Second floor - 2 generous bedrooms and a family bathroom.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 9 years remaining on the 14 year lease. The fixed rent is £27,000 per annum for the remaining of the 9 years.
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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.
