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Leasehold Indian Restaurant For Sale On The Curry Mile, Wilmslow Road, Manchester for Sale

Manchester


3 bedroom

Leasehold : 79,950
Turnover : 9,000 p.w.

Curry Mile, Wilmslow Road, Manchester


This fantastic Licensed Indian Restaurant on the Curry Mile in Rusholme is being introduced to the market by Urban Locks Business Brokers. With 120 covers over two floors, this well established, well known restaurant currently offers a range of Indian and English Cuisine.

www.urbanlocks.co.uk

AREA
The business is situated on the famous Curry Mile in Manchester. Curry Mile is the nickname for the part of Wilmslow Road running through the centre of Rusholme, Greater Manchester. The large number of eating establishments is thought to be the largest concentration of South Asian Restaurants outside the Indian sub-continent.
Within close proximity to four Manchester University campus's, the businesses in the area attract thousands of students every year.

PROPERTY
The property is an imposing 3 storey property overlooking the main Wilmslow Road in Rusholme.
The ground floor consists of the spacious dining area, a bar and spacious kitchen. The first floor again consists of a spacious dining area, mini bar, ladies and gents w/c's and a store room.
The second floor has previously been used as living accommodation consisting of 4 rooms and a bathroom.
The property is gas central heated and double glazed throughout.
The dining area's also house air conditioning units.

THE BUSINESS
We have been advised that this restaurant was the first Restaurant to open along the Curry Mile many years ago.
With 60 covers on the ground floor, the restaurant offers a variety of Indian & English cuisine from Grills to Curries.
The restaurant attracts families, couples and groups from the local area as well as passing custom.
The area boasts a huge student population, with four, main, Manchester university campuses on the doorstep.
This alone provides a huge footfall on a daily basis.

There is plenty of free, on road parking to the front of the restaurant as well as the surrounding streets to the side and rear.

The Restaurant also boasts a 60+ cover banqueting suite to the first floor and hosts anywhere between 4 and 10 private parties per month, depending on the time of year.
We have been advised that there is a contract in place with staff at the local university to host parties.
The Restaurant has it's own website and also advertises on Just Eat.

GROUND FLOOR DINING AREA 35' 5'' x 28' 7'' (10.8m x 8.7m)
The spacious ground floor dining area houses 60 covers, with scope to increase, and a bar area.

KITCHEN 25' 7'' x 15' 1'' (7.8m x 4.6m)
This spacious kitchen is well fitted with a range of stainless steel commercial kitchen equipment including a 12 ring gas burner, Extraction unit, fridge freezers, fryers, Tandoor, prep tables and much much more.

FIRST FLOOR DINING AREA 32' 6'' x 28' 10'' (9.9m x 8.8m)
Currently utilised as a party banqueting suite, the first floor houses 60 covers with scope to increase, as well as a mini bar. On the landing, just off the main dining area are ladies and gents w/c's as well as a store room.

SECOND FLOOR
The second floor has previously been used as living accommodation and consists of four rooms and a bathroom.

STAFF
The Restaurant runs with the Head Chef, Chefs assistant and 2-3 waiting staff, overseen by the owner.

LEASE DETAILS
New lease available at a figure of 4,418.00 per calendar month

FINANCIAL DETAILS
The Restaurant was closed temporarily during October / November 2014 due to family reasons. The turn over has been consistently between 7,000 & 9,000 per week including Take away deliveries, but not including the income from party banquets. We have been advised that the business rates payable are 6,000 p/a.


Disclaimer
Please Note: All information, measurements, plans and photographs are for general guidance only. The agents have not tested any appliances, facilities or services.

Whilst these particulars are believed to be correct their accuracy is not guaranteed and they do not form any part of any offer or contract.

* Viewing strictly by appointment with Urban Locks Business Brokers 0161 710 3322*

Staffing: 5
 
Accommodation: 2-3 bed
 
Tenure: New lease available at a figure of 4,418.00 per calendar month


 
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119 Advert ID 44456    Sellers Ref : 0150/BSOL

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