Thriving Indian Restaurant in Newmarket, Suffolk For Sale

CB8 9AA Newmarket


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This business is marketed by

Hilton Smythe View more business for sale by this agent

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established restaurant in Newmarket, Suffolk. The business was established by our client in 2005. Only now is the business offered to the market due to our client`s personal circumstances. The business is open 7 days a week and generates a turnover in the region of £200,000 with a gross profit of 65%. Our client offers traditional, freshly prepared Indian dished which include Starters, Tandoori dishes, Balti & Biryani dishes, meat curry dishes, seafood curry dishes, house specialities, English dishes and vegetarian dishes. The business also offers a takeaway service and delivery within the Newmarket and Cambridge areas.
 
The business boasts a spacious 48 cover restaurant, with an extra 25 covers in the heated garden area, as well as a fully equipped serving area and commercial kitchen. We feel the turnover could be increased by extending the opening hours and perhaps extending the areas for the takeaway delivery side of the business. This is an excellent opportunity for a new owner to take this already thriving and well-established business to the next level; therefore early viewing must come highly recommended.


LOCATION
The Old Scotch Restaurant occupies substantial ground floor lock-up premises, ideally located in the heart of Newmarket, Suffolk. The business benefits from ample on-street parking within easy walking distance of the property and is surrounded by a wealth of complimentary shops, businesses and amenities. The area is well served by the public transport system with numerous bus stops within easy reach, as well as Newmarket Railway Station being less than half a mile away. The business is situated on the very busy The Avenue (B1103) and benefits from a vast amount of footfall and passing trade.
 
Newmarket is a market town in Suffolk, approximately 65 miles from London and is generally considered the birthplace of thoroughbred horse racing. The town is home to the National Horseracing Museum, the Home of Horseracing project, Tattersalls, the racehorse auctioneers and two of the world's foremost equine hospitals for horse health.  Newmarket is well served by the A-road system, with the A14 being approximately 2½ miles from the business, which links to the vast A-road and motorways networks. Cambridge is approximately 13 miles away, while Bury St Edmunds is 15 miles away.

PREMISES
Ground floor, double fronted lock-up restaurant, briefly comprising:
 
Bar area with 1 x electronic cash register, wash hand basin, credit/debit card terminal a three door drinks chiller cabinet.
 
Storage room with shelving to perimeter, alcohol storage, small freezer and chest freezer.
 
Front restaurant area with 14 x covers and feature ceiling.
 
Main restaurant area with 34 x covers and feature ceiling.
 
Ladies and gents WCs.
 
Store room with 2 x chest freezers, 1 x upright refrigerator and racking/shelving to suit trade.
 
Fully fitted commercial kitchen with 9 x burner range, hot cupboard, microwave oven, central stainless steel preparation area, extraction system, hand wash basin, counter top deep fat fryer, tandoori oven and stainless steel cladding to walls.
 
Washing-up area with 2 x commercial sink units and drainers, shelving, two door stainless steel commercial refrigerator, small refrigerator and stainless steel preparation area.
 
Loft area with ample storage space.
 
External with covered garden area with 25 x covers and lighting and heating.

TENURE
We are advised Leasehold.
Original lease length: 18 years
Remaining lease length: 9 years
Review every: 3 years
Rent: £18,000 per annum

HOURS
The business is open:
Sunday – Thursday: 12.00pm – 2.30pm and 5.00pm – 1130pm
Friday – Saturday: 12.00pm – 2.30pm and 5.00pm – 12.00am

STAFF
The business is owner run and managed with 6 x full time staff members.
FINANCIAL PROFILE
The business generates a turnover in the region of £200,000 with a gross profit of 65%.


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business information

Sale price: Price on application
Tenure : Leasehold
Status: Available
Sectors:
Bistros
Restaurants
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