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RESTAURANT – THE CITY OF LONDON

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Description

Marylebone Properties International welcomes to this successful Indian Restaurant in the City of London. The business is well established and was first opened around 17 years ago. Our clients are now looking to sell due to the desire to retire.

The business runs as an Indian restaurant, offering a selection of Indian specialists. The business is highly popular and receives a generous amount of repeat trade and heavy footfall, thanks to the close proximity to Fleet Street, City Thameslink and Chancery Lane Stations and several offices (including Deloitte and a multitude of law firms and investment banks).

The restaurant generates a healthy turnover of around £300,000 per annum. There is further potential to boost turnover by extending opening hours and by offering delivery services on Deliveroo and Uber Food, to deliver meals in the offices during opening times.
The business has an exceptional reputation in the area and is also accolated on the rating website such as a TripAdvisor, FourSquare and Yelp for the excellent quality of the food.

This is a wonderful business in a beautiful position, a real lifestyle business with high levels of repeat trade. Marylebone Properties International highly advise early viewings to take in full potential of the trade.

LOCATION

The restaurant is located off of Fleet Street, in the City of London.

The business is situated in a very good location, in a street connecting Fleet Street and Fetter Lane, close to numerous office developments and within easy reach of Chancery Lane and Thameslink Station.

The area is very popular for office workers, bankers, lawyers that are working in the nearby streets and tourists, attracted by the many popular attractions of the City, including the Shard, St Paul’s, temple Church, etc.

PREMISES

The capacity of the restaurant is 120+ seats.

The restaurant includes a wide reception area with bar, mezzanine, clients’ bathrooms, two staff rooms, large kitchen, stock room, office.

TENURE

We are advised the business is being sold as a Leasehold opportunity.
Use: A3
Remaining lease length: 8 years as of 2016.Turnover: £300,000 pa

Turnover: £300,000 pa
Rent: £31,500 per annum

Premium: £120,000

HOURS

The business opening hours are:
Monday – Friday: 12om- 3pm / 6pm-11pm

STAFF

The business is run and managed by our clients with the help of 8 full-time members of staff.

 

POTENTIAL

The turnover of the restaurant can be easily leveraged, expanding the delivery services using popular apps such as Deliveroo or Uber Food to serve meals to the nearby offices during the whole day and in the nearby areas during the evening. Strong of this, the new leaseholder would benefit from increasing sales from a wide audience that will not only reach the Premises.

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