For Sale

Beautifully Presented Indian Restaurant

Harrow, Middlesex

£95,000 +SAV

Ref: B05401

Contact sales negotiator

Jessica Aspinall

01204556307

Email Jessica Aspinall

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Description

Hilton Smythe welcomes to the market Lahore Restaurant, which was established in 1993, our client is looking to sell as they feel the new buyer can take the business to the next level. 

Lahore Restaurant is an Indian/Pakistan cuisine restaurant with a strong local presence. The restaurant has a wide and varied menu, cooked by 3 long term established chefs, offering both eat in and take away options. The business has 5/6* reviews on its delivery partners JustEat website from well over 900 reviewers and delivery has a current radius of 2 miles.

Lahore Restaurant is not a licenced premise, this is something that the new owner should seriously consider in generating a greater turnover, however, customers are allowed to bring alcohol on to the premises.

The business is currently a cash only business.

There is call for outside catering, however, our client has not ventured down this route.

Our client is just about to embark on a full leafletting campaign vie Royal Mail and the business has its own Facebook page, which is not used to promote the business as much as it should be. The business is being sold with the website www.lahore-restaurant.com.

There are many reasons to buy Lahore Restaurant including:

  • Extremely high footfall area
  • Harrow Council Civic Centre literally around the corner
  • Harrow Central Mosque & Masood Islamic centre across the road
  • Long established business with repeat clientele
  • Long standing chefs
  • There is scope for development of the restaurant by considering:
  • Lunchtime buffets during the week to attract local workers
  • Applying for an alcohol licence
  • Consider outside catering
  • Use Facebook page to promote the business
  • Continuing with the ongoing promotional campaign by current owner
  • Introduce card payments
Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a leasehold business opportunity with a 20 year lease commencing February 2019.

The rent is £20,000 per annum and rates are currently paid at £7,000 per annum.


Hours

Monday - Thursday: 5pm – 11pm

Friday - Sunday: 12pm – 11pm

The new owners should consider a buffet lunch during the week to attract workers from the Harrow Council Civic Centre and other surrounding businesses.

 

 

 

 

 


Staff

The business is run and managed by our client, with the help of 3 established chefs, 2 front of house and 2 drivers.


Financial Profile

Lahore Restaurant generates an advised turnover of circa £312,000 per annum with an advised net profit of circa 13%.

The assets being sold with the business are worth in the region of £25,000

The average stock value is ion the region of £2,000

Location

Lahore Restaurant is located in Harrow, Middlesex on Station Road, which is a prime location with high footfall as the business is in a highly populated residential area, close to the Harrow Central Mosque and Harrow Council Civic Centre which employs several hundred people.

The business is easily accessible being close to Harrow & Wealdstone underground and being on main bus routes.

There is parking close by in the Harrow Council Civic Centre car park.

Premises

The restaurant is located on a prominent corner position with an entrance door leading to the main restaurant area, which has been refurbished during 2019.

The restaurant area has tiled floor, air conditioning, seating for around 50 guests.

The service counter has till, JustEat machine, storage and shelving for plates, glasses etc.

Behind the service counter is the access to the 5* hygiene rated stainless steel kitchen.

Off the main restaurant is access to the toilets which are fully tiled with initial wash area and access to the separate male and female toilets.

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