Financial Details
Asking price: £240,000
Sales revenue: £208,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale
  • Photograph of this business for sale
  • Photograph of this business for sale

Business Description
Advent Business Sales have been instructed to offer for sale this popular destination restaurant which is arguably the finest Oriental cuisine restaurant in the Warwickshire area and could equally challenge for national recognition.

Established by the vendors in early 2007, the business is now reluctantly offered for sale due to the vendor constant needs to concentrate on their other business commitments.

Since acquiring the premises in 2006, our clients have totally transformed the premises to high specification design and execution which is coupled with style and finesse.

The total ground floor area has benefited from an approximate £250,000 renovation to confirm to an exacting premium standard
The fully licence restaurant has a seating capacity of 60 which includes a 20 cover function room.

The restaurant offers an exciting range of Oriental a La Carte menu. The extensive stock of fine wines offered compliment the business.

The food is all freshly prepared on site offering good range of dishes to tingle all tastes.

Customers regularly frequent the restaurant as the standard of food and service is exemplary.

Our clients have developed a website for customers to post their comments which is proving to be very useful for the longevity of the business.

Some advertising is currently undertaken with further advertising avenues currently being explored.
We have been advised that the in the next 18 months, the expected turnover could increase 100%.

There is a large 4 bedroom accommodation to the first and second floor which is currently used for staff quarters.
General Information
Employees:The business employs 3 full time chefs and 2 full time staff front of house, with the vendors working part time.
Trading hours:Mon-Sat 12 noon – 2.30pm, 5.30pm – 11.00pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 19 years Remaining lease: 17 Review every: 4 Rent: £27,850 (including £11,850 for the accommodation) Partially tied to Scottish & Newcastle Brewery. We are advised that the annual business rates are currently: £13,000
Living accomodation:This substantially sized premises decorated and furnished to a high standard with the added security of alarm, external CCTV and fully air conditioned consists of the following: Ground Floor • Entrance with vestibule leading into main 60 cover restaurant area with hardwood flooring and exceptional décor and lighting. • Modern bar area with customer waiting area • W/C • Entrance to fully commercial kitchen and preparation area to the rear • Rear storage areas • Basement cellar First Floor • Family lounge • Kitchen • Study Second Floor • 4 x double bedrooms • 2 x W/C • 2 x Shower room External • Paved to front and side
Location:This popular bar and restaurant occupies a substantial premises in a busy town centre location in Leamington Spar.

The area surrounding is perhaps the most affluent area within Warwickshire.

The immediate surroundings consist of an excellent blend of offices retail boutiques and a number of high street retailers, accompanied by a host of stylish bars and restaurants.

There are excellent parking facilities with a pay and display Car Park directly opposite the restaurant.
Expansion potential:This business offers excellent potential for growth including: 1. Extending opening hours to include Sundays 2. An owner manager would maximise profits.
Financing available:Please let us know if you require finance for the purchase of a business.
Related documents:Other document type iconSales paticularsPDF document iconDocument

Advert Options