Description Bruce & Co. Are delighted to offer for sale this well known and popular traditional Indian restaurant. The business has been under our client’s ownership for over 21 years and they have reluctantly placed the business on the market due to their impending retirement. The restaurant is situated in a prime position in Montrose town centre and attracts business from regular clientele in the local area as well as passing trade due to its convenient location. The business is hugely popular due to it being the only Indian restaurant in the town and as such it trades with high service figures. The business has great potential for growth by increasing opening times as the business is only open in the evening at present.
Situation The attractive and historic town of Montrose is situated on Scotland's East Coast at the mouth of the River South Esk. Montrose has long been enjoyed as a popular holiday resort and is much favoured for its fine seaside golf courses and host of other activities including shooting and fishing while wildlife enthusiasts can enjoy the views over the magnificent river basin which is approximately 2 miles square in size. The town is equidistant from both Aberdeen and Dundee at around 30 minutes drive on the busy A92 coastal tourist road. The A90 dual carriageway also lies only 10 miles away. Montrose is a popular tourist base located close to Royal Deeside, the Angus Glens and Highland Perthshire.
Building Internal The business occupies a terraced property built of stone construction on the high street of Montrose. The restaurant is delightfully finished with a modern interior yet also offers an elegant and traditional Indian ambiance. The restaurant is furnished with high backed seats, stylish modern tables and cushioned back booths. The business has a fully equipped commercial kitchen which is located towards the rear behind the main dining area and there is also a food service area. Additional benefits of this property and business are a large storage room and a manager’s office and there are customer WC facilities.
Staff Restaurant not trading.
Building External The business is situated in a highly visible trading position situated on the main road into Montrose. On street parking is available and there is further parking to the rear of the property. The property has mains water, drainage, electricity, gas.
License The business trades with a full restaurant license.
Accounts Will be given once a formal viewing has taken place.
Tenure The current owners own the property and can offer upto 25 years on a lease and £25,000 rent pa.
Summary The sale of this business offers potential buyers a fantastic opportunity to purchase a popular and traditional Indian restaurant in an enviable trading position in a highly populated town.
Price £59,995 for the leasehold, minimum 5 year contract and 10,000 deposit. There would be no good will. Stock in trade will be additional at valuation.
Viewings Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.
Offers All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.
Further Information Should you require further information on this or any other property, please do not hesitate to contact us on .
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