Business

HomeAway Property Management welcomes to the market Desi Downtown in Hockley Nottingham NG1

This fully refurbished site has been operated by the current vendor for over 18 years and due to family commitments, this rare and exciting opportunity has now become available. The business serves a tasty range of light bites, evening meals and dinner from 17:30 through to the 23:30 operating as a family-friendly, upscale bistro/bar and Shisha Lounge to the back

The business is licensed for 280 internal covers with 128 on the ground floor and 75 on the basement floor creating an excellent venue for weddings, birthdays and private parties with the added benefit of an additional 80 external covers to the rear of the property located within an enclosed courtyard for shisha. The business currently has party bookings extending through to the end of 2019 and already stretching long into 2020.

The business has proven to be very popular and would be an excellent acquisition in an expanding and sought-after part of Nottingham. The business, therefore, would suit either an established operator looking for an additional venue with excellent growth potential which has already been refurbished or an individual or partnership looking to take on a successful business model which has rapidly grown from a standing start and which has huge growth potential in a sought-after trading location.

Location

The business is ideally situated in Hockley NG1, Nottingham, the business is easily accessible on foot and by all modes of transport with plenty of pay and display parking surrounding the area, plus a regular bus service running consistently along the City Centre

Premises

The venue itself lends itself brilliantly to special occasions such as Birthday’s Weddings & Christenings with over 300 covers in total spread out over the main trading area, basement and shisha lounge to the back which has been completely refurbished affording comfortable seating in exquisite surroundings.

Bar and customer servery.

Fully refurbished catering kitchen with walk-in fridge & freezer units.

Access out to the rear courtyard – Shisha Lounge

Toilet facilities.

Central staircase to the basement comprising additional trade space for parties, ladies, and gents wc’s with storage room

All tables, chairs and soft furnishings.

Tenure

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £23000+VAT per annum with 18 years remaining on the current lease, the landlord would sign a new lease if required

Hours
The opening hours are currently 17:30 to 23:30

Staff
The business is run and managed by the current vendor with the assistance of 7 x staff members full time and 4-5 part-time.

Financial Profile
We are advised the business is currently turning over in the region of £500,000 per annum.