Restaurant for sale

Canada Way, Worcester, Worcestershire, WR2

Leasehold 66 sq. m. | £99,950

Property Description

Commercial information

  • Business for sale
  • 710 sq ft (66 sq m)

Key features

  • REF 12428
  • LEASEHOLD
  • RESTAURANT

Full description

Tenure: Leasehold

LOCATION
Arishana is located in Lowerwick, Worcester, Worcestershire.

The business is situated in a busy shopping parade in the middle of Lowerwick, which is a large 1970's housing estate. The housing is mostly privately owned and is considered a sought after residential area. To the front of the premise there is a free car park. At the back of the property there is also staff parking.

This area is just a ten minute drive from Worcester city centre and is close to Junction 7 of the M5 motorway. The village of Powick and the town of Malvern are also close by. Worcester is home to a great number of students particularly in this area, as it is close to the St.Johns University.

There are several bus stops within a short walking distance. These have regular daily routes into the many surrounding towns. The closest train station is a short 10 minute drive away.

BUSINESS
Hilton Smythe welcomes to the market Arishana. This authentic restaurant was originally established by our client in 2012. The owner is now looking to sell the business due to the desire to focus on other business interests.

The business is run as a contemporary Indian restaurant. This is an upmarket restaurant that offers a range of delicious dishes. Some of the foods available are as follows, Tandoori, Bengal Birinai, Seafood dishes and much more. The premise boasts over 40 covers and also offers a takeaway and delivery service.

The restaurant currently generates an advised turnover of around 312,000 per annum. This is a healthy turnover that could be increased further. The new owner could look to conduct a small advertising and marketing campaign. The business receives a large amount of trade from the locals. By advertising on free social media sites such as Facebook, the restaurant could see custom from a more further afield.

The business currently provides its delivery service via telephone orders and also through the site JustEat. This is a great platform for the business as there are large amounts of orders that come through the site, each day. There is also a website www.arishana.co.uk this has a menu, promotes special offers and reservations can also be arranged.

Our client would be willing to offer a handover period to the purchaser, this will help the transaction run smoothly. This restaurant has very little competition around and would be a great opportunity for any purchaser with experience in the trade. Hilton Smythe highly advise early viewing, to avoid disappointment.
PREMISES
A beautifully presented restaurant fitted out at considerable cost to create an upmarket and inviting dining experience, floor to ceiling windows to front creating a light and airy interior.

The seating area is made up of high quality tables and chairs. The restaurant is a generous size with potential for 40+ covers. To the right there is a bespoke L-shaped bar with granite effect counter, fitted with optics and beer pumps.

Equipment included in the sale is as follows-
Counter
Tables and Chairs
Optics
Shelving
Wall mounted TV

Kitchen
Generously sized and comprehensively equipped catering kitchen with full extraction system.

Equipment includes-
8 burner gas oven
Tandoor oven
Stainless steel upright fridge
Chest freezer
Microwave
Twin fryer
Perimeter shelving
stainless steel preparation tables
Hand wash basin
Twin stainless steel sink and drainer with useful storage beneath

There is also a dry goods store, which is fully fitted with perimeter shelving and has a freezer.

The business is immaculately presented with clear attractive signage and custom designed graphics. There are tables and chairs to the front for al fresco drinks/dining. Ample free parking immediately outside the premises with staff parking to rear.

TENURE
We are advised the business is leasehold.
Original lease length: 20 years
Remaining lease length as of 2016: 15 years
Rent: 13,000 per annum

HOURS
The business opening hours-

Monday - Thursday: 4pm - 10:30pm
Friday: 4pm - 11:30pm
Saturday: 4pm - 11:30pm
Sunday: 4pm - 10:30pm
STAFF
The business is run and managed by our client with the help of 8 full time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 312,000 per annum.



Nearest stations

  • Worcester Foregate Street (1.7 mi)
  • Worcester Shrub Hill (2.0 mi)
  • Malvern Link (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Worcester Foregate Street (1.7 mi)
  • Worcester Shrub Hill (2.0 mi)
  • Malvern Link (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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