 | Fully Licensed City Centre Restaurant For Sale Nottingham, Nottinghamshire, United Kingdom Advert ref: N513 FINANCIAL DETAILS | Asking price: £95,000 Sales revenue: < £200k Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale this recently established restaurant, which has been equipped and fitted out to a very high standard.
The restaurant, which currently serves Indian cuisine, has around 95 covers and is licensed for 220 customers. It has a justices full on licence until 2.00 am.
The premises are substantial enabling the business to offer a reception area, full bar facilities in addition to the restaurant seating area.
At the outside to the rear of the restaurant there is a seated area where customers can enjoy a drink or snack in fine weather.
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GENERAL INFORMATION | Years established: 18 months
Employees: The vendors, two, are assisted by three employees.
Trading hours: Monday - Sunday 11.30 am – 3.00 pm & 5.30 pm – 11.30 pm
Property: Leasehold
Lease terms
The 21-year lease commenced in August 2006. The present rent is £13,370 per annum.
Location
The business occupies the ground and first floors of a striking building in the heart of the commercial centre of Nottingham.
The location serves not only people who work nearby but also the increasing number of those who chose to live in the city centre. It is also located less than a 5-minute walk from the centre of Nottingham, which is well served with public transport, both buses and trams, bringing customers into the city each evening.
Support & training
The vendors will ensure a smooth handover.
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The Business Partnership - Derbyshire, Nottinghamshire, Sth Staffs, NW Leics | | | |
