Restaurant for sale

Freehold Indian Restaurant Located In Newquay

0121 721 6440

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Restaurant

0 bed

0 bath

Property description & features

Established Business
Indian Restaurant
Possible Development Opportunity
Stunning Views Of The Atlantic Ocean
Retirement Sale
3 Bedroom Accommodation Above
Would Suit Many Cuisines
High Turnover
Fully Fitted
Leasehold Option Available

Detached Freehold Indian Restaurant Located In Newquay
Three Bedroom Owners Accommodation
Licensed Restaurant With Views Of Newquay Bay
Facebook 4.8 Rating & TripAdvisor 4.5 Rating & 5 Star Food Hygiene Rating
(Possible Development Site)
Leasehold Option Available
Ref 2344

Location
This outstanding and well respected Indian restaurant is located on one of the main through roads in Newquay town centre. Newquay is one of the nation's favourite seaside towns, perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort all wrapped up in the most fantastic coastal scenery.

Freehold Asking Price: £999,950
Leasehold Asking Price £100,000
Term: New 10 year lease
Rent: £60,000 pa
Business Rates: £15,000 pa
(rates currently zero)

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding freehold Indian Restaurant which is located in Newquay town centre. The business was established by my client back in 1980 and is only being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually 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 any new purchaser as additional funds will not need to be spent for some time.
The restaurant is overseen by the owner who employs the help of 15 full time and 3 part time members of staff and has an annual turnover circa £1,000,000 with a GP (upwards of 65%). The Maharajah is renowned in Cornwall for their distinctive, authentic Indian dishes many of which are signature which can be enjoyed in the amazing 100 seater restaurant with stunning ocean views. The property also benefits from spacious 3 bedroom owners accommodation with views over the bay. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade local trade along with high levels of visiting tourists during summer months. This is a rare opportunity to purchase very well established business with an impeccable reputation which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday - Sunday - 5.30pm - 10.30pm

Ground Floor
Entrance/reception (7.0m x 6.5m) comprising: 8 leather settees, 4 coffee tables, wall mounted TV (Panasonic), various plants and ornaments.
Bar (4.5.m x 2.5m) comprising: 2 touch screen tills, sink with drainer, serving bar, 2 dumb waiters to basement kitchen, 3 under counter drinks fridges (Gamko), espresso coffee machine (Faema), 2 warming cupboards and glass washer (Halycyon).

Restaurant (13.0m x 5.7m) comprising: various oak tables with marble tops and chairs with seating for (70), various pictures, various wall mirrors, 2 wall mounted TV's (Panasonic), cutlery cabinet and trolley.
Cloak room.
Disabled toilet with W/C, wash basin and hand rails.
Gents W/C with a urinal and wash basin.
Ladies W/C x 2 with wash basins x 2 and wall mirror.
Storeroom with various shelves.

Basement
Commercial kitchen (4.1m x 18.0m) comprising: cold room (2.5m x 4.0m), various stainless steel prep tables, wash basin, 2 floor standing cookers, 2 tandoori ovens, 2 x 6 burner ovens, fryer (lincat), fryer (Marew), microwave Panasonic, large microwave (Panasonic), under counter freezer (Infrico), 2 stainless steel chiller units with stainless preparation tops, stainless steel commercial sink with drainer and directional hose, oven (Panasonic), various stainless shelves, large stainless prep table with salad prep counter, plate warmer unit, large full length extractor canopy, 2 microwaves (Panasonic), 2 dumb waiters restaurant, blast chiller (Irinox), salad bar (Infrico), wash basin, dual sink with drainer, pot wash machine (Electrolux), stainless serving and drop off area, hot plate cupboard (Dane) and upright stainless freezer (True).

Dry stores with various stainless steel tins and shelving.
Preparation room (2.0m x 4.0m) with sink drainer, various stainless steel shelves, stainless steel prep table and wash basin.
Delivery room (4.1m x 3.4m) with flour machine (Sowbaghya), various shelves and large freezer room (4.5m x 3.5m.
Cellar with all the usual cellar requirements.
Store cupboard with various shelving.

First floor
Restaurant (6.5m x 3.5m) comprising: 5 oak tables with marble tops and chairs with seating for (30).

Owners Accommodation
Lounge/Dining Room (6.5m x 5.8m)
Kitchen (3.0m x 2.2m) with fitted units and usual appliances
Bathroom (1.7m x 3.1m) with corner bath with shower, W/C and wash basin
Office (2.9m x 1.6m)

Second floor
Bedroom 1 (2.9m x 4.2m) Double
Bedroom 2 (3.0m x 3.7m) Double
Bedroom 3 (2.9m x 5.5m) Double en-suite with shower, W/C and wash basin
External
Rear garden tables with seating for (20)
Front car par for (8) vehicles

EPC Rating C

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Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

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Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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