6871F

REFURBISHED AND SUCCESSFUL FREEHOLD AUTHENTIC INDIAN RESTAURANT WITH 6 LETTING BEDROOMS SITUATED IN HIGHLY SOUGHT AFTER COASTAL TOWN OF MANNINGTREE, ESSEX

6871F

  • Substantial authentic Indian restaurant situated in the commuter belt location of Manningtree.
  • Restaurant set in two lovely dining areas (circa 70 covers in total), Private Dining Area (circa 10 covers) and Lounge Area.
  • 6 en-suite Letting Bedrooms.
  • Presented in excellent decorative order throughout.
  • Fully equipped Commercial Catering Kitchen.
  • Good sized 3 bedroomed owner's accommodation.
  • Advised current sales are circa £300,000 (incl. VAT).
  • 90% food and 10% wet sales.
  • Potential for alternative use (STPP).
  • Undoubted potential for a new hands-on owner operator.
AN EXCELLENT INVESTMENT OPPORTUNITY TO ACQUIRE AN EXTREMELY WELL ESTABLISHED BUSINESS OFFERING TREMENDOUS GROWTH POTENTIAL FOR AN OWNER OPERATOR PARTNERSHIP

ASKING PRICE £540,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This super business is situated in the highly desirable and affluent town of Manningtree, in the delightful county of Essex and can be easily reached from the A120/A137 intersection near Ardleigh. Situated in the heart of the commuter belt and also having excellent road communications providing easy access to the M25, M11, M23. A1(M) and M1 motorways making this superb location an extremely popular commuter area for the major motorways and the major international airports of Heathrow, Gatwick, Stansted and Luton. The town of Manningtree lies on the shores of Colne River and is within close proximity to the Harwich and Parkstone Ferry terminal, bringing an abundance of visitors and tourists from Holland and Denmark all year round. Manningtree is also situated close to Colchester, Ipswich, Felixstowe and Clacton On Sea making this authentic restaurant ideally situated to draw trade from the nearby surrounding towns and villages and has an excellent level of repeat trade and is also well serviced by local schools, shops and amenities. An enviable place to reside and a compelling trade opportunity.

THE PROPERTY

This substantial and impressive 2-storey property is of brick construction under a pitched tiled roof and occupies an excellent trading position in the centre of the town. Main entrance at the front leading into the Lounge Area.

Lounge Area with circular tables and leather armchairs with open access through to both dining areas.

Restaurant (circa 70 covers in total) set within two delightful dining areas exudes a welcoming and relaxing ambience - the restaurant is L-shaped and presented in excellent decorative order and offers any discerning diner a truly authentic Indian dining experience. The restaurant is extremely well furnished with an excellent range of solid oak tables and leather chairs. There is also a feature return bar servery with a mirrored back fitting and glass shelving. Adding to the charm of the restaurant is the flagstone and oak flooring and the exposed brickwork. Access to Private Dining Room.

Private Dining Room (circa 10 covers) would also be ideal for use as a Breakfast Room for the B&B guests. Having a range of tables and chairs and upholstered settles.

Catering facilities include a fully equipped commercial Kitchen with stainless steel appliances and preparation surfaces (appliances not tested). Walk-in chiller and Store Room.

Ground Floor Cellar with delivery access and pumps.

Ladies, Gents and Disabled W.C's.

OWNERS ACCOMMODATION

Being of a good size throughout is situated on the first floor and briefly comprises: 3 bedrooms, lounge/kitchen, shower room and separate W.C.

LETTING ACCOMMODATION

Situated on the ground floor and first floor briefly comprises: 6 bedrooms all with en-suite facilities (both the 2 bedrooms on the ground floor have disabled access and a wet room).

EXTERNAL

There is a good-sized lawned Beer Garden with timber picnic benches. Patron parking facilities for circa 20+ cars.

TRADING HOURS

We are advised that the business trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Monday - Saturday - 11.00am - 11.30pm

Sunday - 11.00am - 10.30pm

The current trading hours are as follows:

Monday - Thursday - Midday - 2.30pm & 5.30pm - 11.30pm

Friday, Saturday & Sunday - Midday - 2.30pm & 5.30pm - Midnight

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day APLH Course every month. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business and property are being offered for sale freehold (although we have not had sight of the title deeds).We are advised that the inn benefits from all mains services and uses gas central heating (no services seen or tested). Business rates payable to be confirmed.

THE BUSINESS

Our vendor client operates this excellent business as a 'sole trader' on a part time basis with the assistance of 8 full time and 3 part time members of staff. Having achieved an extremely solid authentic Indian food led trading foundation emanating from the loyal and desirable local clientele, the business still has immense potential to increase upon the existing sales by drawing trade from the thousands of tourists and visitors travelling from Denmark and Holland by extensively promoting the 6 letting bedrooms with online booking agents and travel companies. Advised current sales are circa £300,000 (incl. VAT). Trade is currently derived from circa 90% food and 10% wet sales. This is an outstanding opportunity for those seeking a lifestyle change or an alternative career from the hustle and bustle of the City or even as an additional income stream whilst commuting to and from London. The business premises can be run extremely cost effectively on relatively low overheads resulting in higher profitability. The asking price reflects the current trading foundation, the location and quality of fixtures and fittings and not forgetting, of course, that this is a very substantial piece of freehold real estate in an idyllic location.

Accounting information will be made available to interested parties after viewing.

The business was viewed by Martin McConnell who would be delighted to discuss further details and can be contacted on 07970 213549.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

ADDITIONAL IMAGES

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