For Sale
Well Established Restaurant For Sale
Grantham, Lincolnshire
- Asking Price: £44,999 +SAV
-
Turnover:
Please quote reference B06320
- Tenure: Leasehold
Please quote reference B06320
Hilton Smythe welcomes to the market this fantastic Kerala cuisine restaurant.
The restaurant has been established for over 18 years, offers 90 covers over 2 floors, including 22 outdoor seating, in a premise offering much character.
Leaf restaurant has multi cuisine restaurants & coffee shops with more emphasis on Kerala cuisine.
Also has a very spacious 2 bed flat included in the sale of this business.
The business is only now being added to the market as our client has family commitments.
There is a website that can be found at https://theleafkitchen.uk/index.html
They are also active on social media to include Facebook and have good reviews on Trip Advisor.
Even though this is a busy and successful restaurant, there is still room for improvement moving forward with more advertising, longer hours, particularly to include breakfasts and a modernised website.
The business is currently run by the owners and 4 full-time and 3 part time members of staff.
The business is ran and managed by 4 full time and 3 part time staff members.
The business trading hours are as followed:
Monday - 17:00pm - 23:00pm
Tuesday - Closed
Wednesday to Sunday - 17:00pm - 23:00pm
The restaurant is in an excellent trading location along a main bus route in and out of the area and is easily accessible on foot or by car, with ample on street parking close by and surrounded by residential dwellings as well as shops and businesses in this busy location.
The first floor includes a restaurant area and commercial kitchen.
• Further restaurant area
• Large bar
• Utility
• His and hers WC’s.
You also then have an attractive outdoor seating area.
The restaurant offers a very authentic feel and must be seen to be appreciated.
Tenure
We are advised the business is being sold on a Leasehodl basis with a rolling Lease currently in place, the rent is £800 per month.
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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.
