For Sale

Upmarket Indian Restaurant With An Excellent Reputation

Dundee, Angus

£29,950 +SAV

Ref: B04432

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe welcomes to the market an exciting opportunity to acquire, on a Leasehold basis, an exceptionally well run and performing, 60 cover Tandoori restaurant and takeaway.

Shehzad has been under the careful ownership of our client for many years growing the business to an impressive level with an excellent local reputation.

The business has been placed on the open market as it’s our clients desire to leave the industry after many successful years of trading.

The business is run as a contemporary Indian restaurant. This is an upmarket restaurant that offers a range of delicious dishes. Some of the foods available are: Tandoori, Bengal Biryani, tikka masala, bhuna, madras and much more.

The restaurant further benefits from having an alcohol licence in place and serves a selection of beers, wines & spirits for diners, along with a healthy amount of business generated via Just Eat for online ordering & delivery service.

There is further scope to increase turnover by undertaking in a robust localised marketing campaign via local press & social media, while there is scope to update the dedicated website that is in place.

Revised opening hours could also be considered so they could potentially catch some lunchtime trade due to the busy location of the business, along with the possible introduction of a buffet serviced at various times of the day and evening.

Our client would be willing to offer a handover period to the purchaser, this will help the transaction run smoothly. This restaurant has very little competition around and would be a great opportunity for any purchaser with experience in the trade.

Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised that tenure is offered on a Leasehold basis

Lease – 10 years with 6 years remaining

Rent - £833 PCM

Hours

The business currently operates:

Monday – Thursday 4.00 pm – 10.00 pm

Friday – Saturday 4.00 pm - 11.00 pm

Sunday – 4.00 om - 10.00 pm

Staff

The business is run & managed by the owner & 6 staff members

Financial Profile

The business reported a turnover of £2000 Per Week. No accounts were seen at the time of booking

Location

Shehzad Tandoori Restaurant & takeaway occupies substantial first floor premises ideally located within the city of Dundee.

The business is situated on the busy Dura Street and is surrounded by a wealth of complimentary shops and businesses; therefore, benefiting from a high volume of footfall and passing trade.

Dundee is a coastal city on the Firth of Tay estuary in eastern Scotland.

Dundee is also known as the City of Discovery and has undergone transformation over the past decade and major investment continues in the shape of revitalisation of the Waterfront, spearheaded by the V and A Museum, the Slessor Gardens and civic amenities including hotels, shops and leisure facilities.

Renowned for its universities and training hospital at Ninewells, Dundee is also renowned for its cutting-edge design technology within the computer games industry among others.

The city is very well serviced in terms of local amenities and transport links to all other parts of the UK via rail, road and with direct flights to London City via Dundee airport

Premises

The first-floor premises are approximately 80 m² (860 sq ft) and can be found in true turn key condition.

The business is entered via street level, where a bright stairway leads to a beautifully presented restaurant fitted out at considerable cost to create an upmarket and inviting dining experience.

The seating area is made up of high quality tables and chairs.

The restaurant is a generous size with potential for 60+ covers. To the left of the main entrance there is a bespoke bar area with chilled storage, wash hand basin, electronic till point & online ordering equipment.

To the rear of the premises a generously sized and comprehensively equipped catering kitchen can be found with full extraction system and staff toilet facilities.

Equipment includes:

• 5 x Ring burners with gas oven
• Tandoor oven
• Stainless steel upright fridge
• Chest freezer
• Microwave x 4
• Twin fryer
• Perimeter shelving
• Stainless steel preparation tables
• Hand wash basin
• Twin stainless steel sink and drainer with useful storage beneath

There is also a dry goods store, which is fully fitted with shelving and has further chilled storage.

The business is immaculately presented with clear attractive signage and custom designed graphic.

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