Freehold Indian Restaurant Located In Shirley

Freehold Indian Restaurant Located In Shirley
Licensed A3 Consent
Ref 2759

Location
Veritas Business Sales are delighted to offer for sale this established Freehold Indian Restaurant which is located in Shirley, Solihull. Situated within a prominent and highly visible trading position on the main (A34) Stratford Road. Its within the Parkgate development which offers an abundance of large blue chip retailers, Asda Supermarket, bars, restaurants and new housing, all of which bring high levels of footfall to the area.

Asking Price Offers Over £499,950

Business Description
Veritas Business sales are delighted to offer to the market this Freehold Indian Restaurant which is located in Shirley. The business has been in the careful hands of the current owner since 1992 and he is now offering the restaurant for sale so that he can enjoy a well deserved retirement.
Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Oasis Tandoori Restaurant is owner operated with the help of 1 full time and 6 part time members of staff and for year ending 2021 posted an annual turnover of £248,415 with a GP of £153,371 (61.73%). Approximately 80% of trade is served within the restaurant and the remaining 20% comes from deliveries via Just Eat and Uber Eats.
We believe that a new purchaser can increase revenue by expanding the current opening times and by increasing the delivery sales. The cuisine can also be changed should you wish as could the change of use. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a restaurant in a prime and busy location which is a great base to build upon and as such early viewing is highly recommended.


Opening Hours
Monday – Thursday – 5:30pm – 10:30pm
Friday & Saturday – 5:00pm – 11:30pm
Sunday – 5:30pm – 10:30pm

Ground Floor
Entrance door leading to a vestibule.
Restaurant comprising: tables & chairs to cover (52), bar servery with 3 draught beer taps, 2 x glass shelves, upright drinks fridge, stainless steel double sink, glass washer (Class EQ), customer seating area, worktop and cutlery area with base.
Gents W/C with urinal, mirror, wash basin, wall mounted soap dispenser and wall mounted hand dryer.
Ladies with 2 x W/C’s, mirror, wash basin, wall mounted soap dispenser and wall mounted hand dryer.
Staff W/C with wash basin, wall mounted soap dispenser and wall mounted hand dryer.
Kitchen comprising: stainless steel double sink drainer, wall mounted cutlery and plate rack, upright stainless steel freezer, stainless steel hot food cupboard, wall mounted shelves, commercial microwave (Panasonic), commercial microwave (Sharp), combination boiler (Vaillant), stainless steel table, tandoori oven, large gas burner, extraction canopy, dual deep fat fryer (Pitco), 8 burner Indian gas range with double oven (Southbend), stainless steel fridge (Gram), wash basin, wall mounted paper towel dispenser, central stainless steel table, stainless steel table with commercial tin opener and large metal saucepan.
Entrance door leading to the first floor.
The restaurant benefits from air conditioning and the ground floor has gas fired central heating.

First Floor
Dry stores with storage shelves and chest freezer.
Small storeroom with sink drainer (previously a kitchen).
Hallway with 2 x chest freezers and stairs leading to the second floor.
Bathroom with shower cubicle, wash basin and W/C.
Second Floor
Storeroom.

External
Rear yard with secure metal gates and rear parking for (1).

The upper floors benefit from UPVC double glazing and could be converted into a two bedroom flat.