Business Summary

PREMISES:
The main dining area is attractively presented, and complimented by authentic exposed wooden beams and curios and ornaments from the subcontinent.
The main dining area measures approximately 550 sq ft and the bar area approximately 190 sq ft. To the rear is a good sized commercial kitchen with a full complement of equipment included in the asking price.
Stairs lead up to a storage area, staff WC, a gent’s toilet with three urinals and a female toilet with three cubicles. The third floor is currently used for storage but could comfortably be converted for use for private parties with room for an additional twenty diners.
There is a back door entrance for deliveries.

BUSINESS
Established for fifteen years and in the present owner’s hands since December 2008 the business is located in heart of St. Albans. The restaurant serves authentic dishes, prepared by an Indian chef. The listed building was built in the 14th century and boasts a relaxed and enjoyable
ambiance for friends and families to enjoy.
It has a capacity for sixty-seventy diners.
The business has an impressive website with an online booking facility and a commanding web
presence. Emails of patrons are stored and promotions and offers can be easily emailed to
customers. Customers are encouraged to fill out feed back forms and the owner has painstakingly
kept these forms, whether good or bad, for reference.
The business also has an average of 4/5 on Trip Advisor and has been awarded a Certificate of
Excellence from Trip Advisor.

IMPORTANT - This is a confidential sale
PLEASE DO NOT APPROACH BUSINESS WITHOUT AN APPOINTMENT THROUGH THE AGENT

The business has a full restaurant license

TRADING HOURS
Friday, Saturday: 5 pm to Midnight Sunday - Thursday: 5 pm to 11:30 pm

TURNOVER
Current average takings are in the region of £4,000 per week (£800 from deliveries), with highs of over £5,000 per week and lows of £3,500 in quieter times.

STAFF
In addition to the working owner the business employs three front of house and three chefs plus additional help at weekends.

TENURE
We are advised that the property is currently held on a fifteen year lease which was granted in December 2008 with a rental of £26,000 per annum.
Business Rates are currently £10,000 P/A.

REASON FOR SALE.
The owner lives a distance from the restaurant and has decided to start a business closer to his home town.

COMMENTS/ POTENTIAL

This is a solid, established business suitable for a working owner. More could be done with regards to promotion using flyers and by taking advantage of the extensive data base.
The vendor is happy to provide full handover support.

IMPORTANT - This is a confidential sale
PLEASE DO NOT APPROACH BUSINESS WITHOUT AN APPOINTMENT THROUGH THE AGENT

PRICE
The Vendor is seeking offers of £45,000 to include lease, equipment, fixtures and fittings and goodwill.

Property Details