INDUSTRY

Restaurant

BUSINESS SUMMARY

Indian Bar & Restaurant A3 Restaurant & Public Entertainment Licence Confidentially offered for sale Ref No: AC101 Location: North West London Asking Price: £245,000 This excellent Indian Bar & Restaurant was originally established in 1995. Acquired by the current owners in 2003, the business has developed superbly: it is now generally recognised as the location of choice from all sections of the community, an affluent area of North West London. Benefitting from high housing density locally and with very limited local competition, the Bar & Restaurant are open seven days per week. The premises hold a full A3 restaurant and public entertainment licence, as well as the necessary Food Safety Certificates. Live Indian music is enjoyed most nights, with DJs featured on other nights. The business attracts an eclectic mix of clientele from retired people enjoying an early pint, lunchtime clients, business and trades people having a quick drink on the way home and families and groups in the evening. The introduction of the smoking ban in 2007 has improved the number of families now using the establishment.

	BUSINESS FINANCIALS
Asking Price: £245,000
	GENERAL COMPANY INFORMATION
Organization Structure: Headquarters/Main Location: Home Based Time on lease/mortgage: N/A Is Business Relocatable? No
	MARKET OUTLOOK/COMPETITION
Little formal advertising is currently undertaken since most trade is generated through ‘word of mouth’ recommendation. Every year, in support of charities both in the UK and abroad, a number of charity events are held. Typically the owners provide free food and tickets are then sold, the proceeds of which, are received by the relevant charity. This has had the effect of not only providing funds for very worthwhile causes, but increasing the profile of the business. The Bar & Restaurant has now reached the stage, however, where the development and execution of a strategic marketing plan, addressing all media activities would be worthwhile. This would include the development of a website.
	DETAILS ABOUT THE SALE
Support & Training A full period of training, handover and familiarisation will be provided to ensure a smooth transition to new ownership. Reason for Selling This is a genuine retirement sale. A stage has been reached where the owners wish to retire and are offering the business for sale not only as an organically expanding going concern but with further significant growth potential. Is Management Willing to Stay? No Are You An Intermediary? No