Business details

South Indian/Sri Lankan restaurant for sale in Nottingham Ref: RB564

Business Descriptions

A well-established and fully equipped restaurant is now available for sale due to other business commitments. This is an excellent opportunity for an enthusiastic operator to take over a ready-to-run business in a high footfall area of Nottingham Town Centre.

The restaurant is currently closed; however, previous turnover ranged between £35,000–£50,000 per week, offering strong potential for growth. Extended opening hours and active management could significantly increase revenue.

Key Features:

·         Fully fitted and equipped commercial kitchen

·         Full training provided (if required)

·         Total capacity: 160 covers (including optional outdoor seating)

·         Separate party/function hall with seating for up to 70 guests

·         Staff cloakroom with WC & wash hand basin

·         Large public car park located on the High Street

·         Prime town centre location with high footfall

The dedicated function hall offers excellent additional income potential, ideal for weddings, private parties, corporate events, and community gatherings.

This opportunity is being marketed by Right Business (Advert Ref: RB563).

Enquiries:

To express interest and receive full sales details:

·         Email: info@rightbusiness.co.uk

·         Contact: Mr Joseph – 07714 615076

Important Notice:
These particulars provide a general outline only. Prospective purchasers are advised to make their own enquiries. These details do not form part of any offer or contract. A £500 administration fee is payable to Right Business by the proposed buyer. A holding deposit will be required to secure exclusivity and will be held in the Right Business account.

Property Details

  • Size : TBC
  • Business Type : Restaurant
  • Established Year : n/a
  • Expiry Date :

Other Details

  • Competition : Yes
  • BusinessLocation : Situated in a parade, excellent trading position.
  • Reason for Selling : Due to other commitment.
  • Expansion Potential : Yes

Operation Details

  • Staff : n/a
  • Trading Hours :MON – SUN: - Currently closed

Seller's Info

  • Seller Name :
  • Email Id :
  • Contact :

Business Address

South Indian/Sri Lankan restaurant for sale in Nottingham Ref: RB564
  • TurnOver :We are advised that the previous turnover averaged between £35,000 and £50,000 per week, which, in our opinion, demonstrates strong historic trading performance and offers significant potential for further growth and increased profitability under experienced ownership and effective management.
  • Business Price :£175000.00
  • Tenure :The vendor has confirmed that the premises are currently held under a secure, renewable lease from a private landlord at a rent of £40,000 per annum, likely with protection under the Landlord and Tenant Act 1954, meaning the tenant may have statutory renewal rights; however, rather than assigning the existing lease, the landlord is willing—subject to satisfactory references such as financial checks, proof of funds, and business background—to grant a brand-new lease to an incoming tenant, allowing new terms to be agreed.
  • FOR FURTHER INFORMATION ABOUT THIS BUSINESS