Restaurant for sale

The 3 Singhs, 254 Sticker Lane, Bradford, England, BD4 8RN

£150,000

Property Description

Commercial information

  • Business for sale

Key features

  • Famous Indian restaurant
  • Substantial site size circa 1.1 acres
  • Potential for alternative use
  • 200 restaurant covers, ground and first floor
  • T/O Y/E 31/08/18: 883,883, ANP 151,000
  • FRI leasehold option on a 10 year term. Energy Rating C

Full description

Tenure: Leasehold

Description

The 3 Singhs is a detached, brick built restaurant over two floors including a bar, 200 cover restaurant and an events function suite on the first floor.

The site in total extends to approximately 1.1 acres with circa 100 car parking spaces. Part of the car park is currently leased to a car garage which is located on on Sticker Lane.

The current owners have run the business full time since 2004 and they wish to sell the freehold, or lease the business to an appropriate operator and retire from hospitality, pursuing other investment ventures in the area.

Location

The 3 Singhs restaurant site is located on Sticker Lane on the South East side of Bradford, approximately 2.5 miles from the city centre.

The business occupies a highly prominent position on a busy main road, with easy transport links to the M606 and the M62 motorway. The 3 Singhs is approximately nine miles from Leeds centre and is in relatively close proximity to other popular towns and cities such as Halifax, Pudsey, Horsforth and Shipley.

Internal Details

The business comprises; a fitted bar in the entrance area with seating for 20 customers, a 120 cover open plan, ground floor restaurant and an additional 80 covers on the first floor. The first floor holds a function/events space with a separate bar for private functions.

Ancillary areas include; a fully fitted stainless steel commercial kitchen to the rear, with all necessary appliances included, as well as a walk-in fridge freezer, cellar storage space and customer toilets.

Fixtures & Fittings

All fixtures and fittings are to be included with the exception of any items that are personal to our clients.

Tenure Details

The owners are also offering this opportunity by way of a Fully Repairing and Insuring Lease on negotiable terms.

The premium for the business is £150,000 with an asking rent of £75,000 per annum on a 10 year term, with rent reviews every three years and a break clause after five years.

External Details

The site extends to approximately 1.1 acres with extensive customer parking for 100 vehicles. There is potential for outside trade or a beer garden and the car park also includes electric gates for added security.

The Opportunity

The 3 Singhs carries a highly regarded reputation in Bradford and West Yorkshire. The sale of the business provides an excellent opportunity for a licensed / hospitality operator to acquire a generous and high trading restaurant site and increase trade further by opening at lunch time, promoting the events function suite through relevant advertising and social media platforms and re-introducing the take-away side of the business by acquiring contracts with Just Eat, Deliveroo, and Uber Eats.

Neighbouring businesses include corporate car showrooms such as Volkswagen, Vauxhall, Peugeot and JCT 600.

Staff

There are currently 30 staff employed on a rota basis, including chefs.

Trading Information

Accounts year for the year ending 31 August 2018 show a turnover of £883,883, a gross profit of £540,852 and an adjusted net profit of £151,462. Copies of accounts can be made available on request.

Trading Hours

The business operates:
Sunday – Thursday: 4 pm – 11 pm
Friday & Saturday: 4 pm – Midnight

The restaurant is closed on Tuesdays.

Development Potential

The freehold site, extending to approximately 1.1 acres, offers potential for alternative commercial or residential use, subject to obtaining the relevant planning consent.


More information from this agent

Nearest stations

  • Bradford Interchange (1.4 mi)
  • Bradford Forster Square (1.7 mi)
  • New Pudsey (2.4 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Bradford Interchange (1.4 mi)
  • Bradford Forster Square (1.7 mi)
  • New Pudsey (2.4 mi)
Distances are straight line measurements from centre of postcode

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