Leasehold Indian & Bangladeshi Tandoori Restaurant Located In Coventry
Licensed 90 Cover Restaurant
Ref 2877

Location
This respected Indian Restaurant is located in Coventry. Situated within a prominent and highly visible trading position on the very busy (A4600) Walsgrave Road. The immediate area has a number of retail shops along with some large blue chip retailers, all of which bring high levels of footfall to the area. Coventry city centre is just (1.4 miles).

Freehold Asking Price: £49,950 plus SAV (£1,500)

Business Description
Veritas Business Sales are delighted to offer for sale this established Indian Restaurant which is located in Coventry. The business has been in the careful hands of our client for over 30 years and they are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have kept the premises in good order and continually 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. Dhaka Dynasty is owner operated with the help of 5 full time and 1 part time members of staff and has an average weekly turnover of circa £7,000. Approximately £5,800 is restaurant trade and the remaining £1,200 derives from deliveries from the online portal Just Eat. They serve authentic Indian & Bangladeshi dishes many of which are signature which can be enjoyed in the 90 seater licensed restaurant.
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. This is a great opportunity to purchase an established restaurant and as such early viewing is highly recommended.

Opening Hours
Monday - Sunday - 5:30pm - 11:00pm

Leasehold
Term: 12 years
Remaining: 11 ½ years
Rent: £24,000 pa
Business Rates: zero

Ground Floor
Entrance door with stairs leading to the first floor.
First Floor
Bar & lounge with 2 x sofas, 3 chairs, bar servery with drinks fridge, small beer fridge, stainless steel sink drainer, wash basin and storage shelves for glass storage.
Restaurant with tables & chairs to cover (90), condiments area and fish tank.
Gents W/C with wash basin, 2 x urinals and wall mounted hand dryer.
Ladies W/C with wall mounted mirror, 2 x wash basins and wall mounted hand dryer.
Storeroom with shelving, chest freezer, filing cabinet, table & chair.
Hallway with cellar door and exit door.
Kitchen with combination boiler (Baxi), stainless steel double sink drainer, wall mounted utensils rack, stainless steel table with can opener, hot cupboard with stainless steel top, chest freezer, 6 x wall mounted shelves, wash basin, 14 burner Indian cooker, 3 x two door ovens, extraction canopy, tandoori clay oven, 2 x microwaves (Kenwood), 2 x upright fridges (Polar), stainless steel table, fire exit and rear exit door.
The property benefits from UPVC double glazing and gas fired central heating

External
Storeroom with 2 x chest freezers, 3 door fridge with stainless steel worktop, yard with bin area and rear parking for (2).

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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