Leasehold South Asian Indian Restaurant & Takeaway Located In Coventry

Leasehold South Asian Indian Restaurant & Takeaway Located In Coventry
Extensive Onsite Customer Parking
Established Business
Unopposed
90 Covers & Licensed
Ref 2815

Location
Veritas Business Sales are delighted to offer for sale this respected South Asian Indian Restaurant & Takeaway which is in Coventry. The restaurant is situated with a prominent and highly visible trading position on Catesby Road with a substantial amount of parking. The immediate area offers plenty of other businesses, retailers and industry along with an abundance of residential houses and ongoing new build projects. All of which bring high levels of footfall to the area. The (A444) and M6 motorway is within easy reach which also makes the venue easily accessible.

Leasehold Asking Price £119,950 plus SAV (£1,000)

Business Description
Veritas Business sales are delighted to offer to the market this Leasehold South Asian Indian Restaurant & Takeaway which is in Coventry. There has been an Indian restaurant trading from these premises since 2019 and has been in the careful hands of the current owner since December 2021. They are now offering the restaurant for sale due to family commitments.
Since ownership they have refurbished, redecorated, and 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. Maharaja Grill is owner operated with the help of 7 full time and 3 part time members of staff and has an average weekly turnover of between £9,000-£10,000 currently as their opening times are 4pm - 11pm Tuesday - Sunday.
We believe that a new purchaser can increase revenue by expanding the current opening times and by increasing the delivery sales. 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 within a fantastic location with an abundance of parking and potential of converting the patio to a shisha seating/outdoor seating. This is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – closed
Tuesday – Sunday – 4:00pm – 11:00pm

Leasehold
New lease to be granted
Term: Minimum 6 years
Rent: £500 per week £26,000 pa
Business Rates: zero

Ground Floor
Restaurant with tables & chairs to cover (90), bar area for drinks/mocktails/desserts and EPOS till system.
Commercial kitchen comprising: 9 burner range, dual deep fat fryer (Pitco), dual deep fat fryer (Ace), tandoori oven, chargrill & griddle, extraction canopy, metal storage racking, small fridge (Budweiser), small freezer (Russell Hobbs), 2 x stainless steel tables, stainless steel table with pass and commercial can opener, stainless steel pass with 2 door cupboard, 2 pot wet bain-marie, 2 x commercial microwaves (Buffalo), pizza oven, chopping board rack, metal storage racking, stainless steel wash basin, wall mounted soap dispenser, wall mounted paper towel dispenser, upright stainless steel fridge (Polar), chest freezer and 2 door stainless steel fridge (Arctica).
Pot wash with stainless steel double sink drainer and directional hose, 3 x stainless steel storage shelves, dishwasher, metal storage racking and numerous pots, pans, saucepans and plates.
The restaurant has its own ladies & gents toilet facilities.
The restaurant benefits from climate controlled air-conditioning/heating.

External
Large car park with ample parking. Potential for Shisha lounge.