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Tuk Indian Street Food Restaurant In Nottingham For Sale

Nottingham, Nottinghamshire
Asking Price:
£60,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

*Listening to offers * Staged payments considered * Flexible lease arrangement * Business Partnership is very pleased to offer for sale this recently refurbished Nottingham city centre restaurant which is currently operating as an exciting Indian street food restaurant. The restaurant is set within walking distance of all of Nottingham's major attractions including Nottingham Castle, Market Square, hotels and theatres. The location of the restaurant has a very high footfall and a prominent corner visible position, between Nottingham Central Travel Lodge and Boots Opticians.

The business has been operating for a number of years, under the same family ownership and has always been very profitable. The business would make an ideal investment for a prospective buyer to either continue as an Indian restaurant or change to any other type of cuisine, coffee house, dessert parlour or bar. The business has been trading consistently for many years and it has been kept well maintained with the highest customer service standards and with a 5 star hygiene rating.

The business is currently trading 7 days (evenings) per week but there is massive potential to open all day, for lunch and takeaways.

The restaurant benefits from a large glass frontage, which can slide open for access and ventilation. There is a contemporary modern feel attracting customers from all walks of life. It is very spacious, comfortable and has seating for almost 100 people, with additional outside seating potential as well.

The sale of the business includes all fixtures, fittings and equipment. Any buyer prospective can, if he/she so chooses, continue trading immediately and benefit from the restaurant's well established regular customers.

PLEASE NOTE:- FURTHER INFORMATION WILL BE MADE AVAILABLE ONCE WE HAVE RECEIVED A NON-DISCLOSURE AGREEMENT. THIS CAN BE COMPLETED ON THE BUSINESS PARTNERSHIP WEBSITE VIA THE "CLICK FOR FURTHER INFORMATION" BUTTON BELOW.

*Listening to offers * Staged payments considered * Flexible lease arrangement * Business Partnership is very pleased to offer for sale this recently refurbished Nottingham city centre restaurant which is currently operating as an exciting Indian street food restaurant. The restaurant is set within walking distance of all of Nottingham's major attractions including Nottingham Castle, Market Square, hotels and theatres. The location of the restaurant has a very high footfall and a prominent corner visible position, between Nottingham Central Travel Lodge and Boots Opticians.

The business has been operating for a number of years, under the same family ownership and has always been very profitable. The business would make an ideal investment for a prospective buyer to either continue as an Indian restaurant or change to any other type of cuisine, coffee house, dessert parlour or bar. The business has been trading consistently for many years and it has been kept well maintained with the highest customer service standards and with a 5 star hygiene rating.

The business is currently trading 7 days (evenings) per week but there is massive potential to open all day, for lunch and takeaways.

The restaurant benefits from a large glass frontage, which can slide open for access and ventilation. There is a contemporary modern feel attracting customers from all walks of life. It is very spacious, comfortable and has seating for almost 100 people, with additional outside seating potential as well.

The sale of the business includes all fixtures, fittings and equipment. Any buyer prospective can, if he/she so chooses, continue trading immediately and benefit from the restaurant's well established regular customers.

1

Property information

Property:

Leasehold

Lease Terms:

A 15 year lease was signed in 2006. The lease rent is £40,000 inc VAT per year.

Location:

The premises are situated in the heart of Nottingham town centre close to many hotels, bars and visitor attractions. There is a huge amount of passing trade both on foot and from the main local road network.

Premises Details:

The premises are leased, approximately 98.1m2 in total, and benefit from a very visible corner location.The is a large open kitchen and a second operational kitchen as well with storage.There is a fully functioning bar and three toilets with disabled facilities.

Business Operation

Expansion Potential:

The business has a modern website but little marketing is conducted. There is future scope to partner with Just Eat, Deliveroo, Uber Eat, Hungry House, Taste Card and Gourmet card.

Lunchtime is thought to offer a superb opportunity for quick "on the go" food and a smaller quick service dine in menu.

Competition / Market:

Naturally there will be competition for a city centre restaurant. The vendor feels the business has been trading very well over the years and is confident this will continue. There are plenty of expansion opportunities for a new owner to explore.

Reasons for selling:

The vendor now wishes to plan his retirement having been in the restaurant business for well over 25 years.

Trading hours:

The business currently trades from 5pm till 11.30pm seven days a week.

Employees:
12
Years established:
2003

Other Information

Support & training:

The vendor is happy to provide a full handover in line with a buyer's requirements.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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