Freehold Indian Restaurant Located In Newquay

Newquay, TR7 2NE
£999,950 Plus SAV
Business ID:
  • Ref: 2344
  • Type: Restaurants
  • Availability: Under Offer
  • Veritas Categories: - Restaurants, Commercial Property, Licensed, Takeaways
  • Business ID: 2344
  • Price Postfix: Plus SAV
  • Commercial Tenure: Freehold
  • Commercial Price: 1199000
  • Make Enquiry

Property Features

  • Established Business
  • Indian Restaurant
  • Possible Development Opportunity
  • Stunning Views Of The Atlantic Ocean
  • Retirement Sale
  • 3 Bedroom Accommodation Above
  • Would Suit Many Cuisines
  • High Turnover
  • Fully Fitted
  • Leasehold Option Available

Full Details

Detached Freehold Indian Restaurant Located In Newquay
Three Bedroom Owners Accommodation
Licensed Restaurant With Views Of Newquay Bay
Facebook 4.8 Rating & TripAdvisor 4.5 Rating & 5 Star Food Hygiene Rating
(Possible Development Site)
Leasehold Option Available
Ref 2344

This outstanding and well respected Indian restaurant is located on one of the main through roads in Newquay town centre. Newquay is one of the nation's favourite seaside towns, perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort all wrapped up in the most fantastic coastal scenery.

Freehold Asking Price: £999,950
Leasehold Asking Price £100,000
Term: New 10 year lease
Rent: £60,000 pa
Business Rates: £15,000 pa
(rates currently zero)

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding freehold Indian Restaurant which is located in Newquay town centre. The business was established by my client back in 1980 and is only being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually refurbished, redecorated and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time.
The restaurant is overseen by the owner who employs the help of 15 full time and 3 part time members of staff and has an annual turnover circa £1,000,000 with a GP (upwards of 65%). The Maharajah is renowned in Cornwall for their distinctive, authentic Indian dishes many of which are signature which can be enjoyed in the amazing 100 seater restaurant with stunning ocean views. The property also benefits from spacious 3 bedroom owners accommodation with views over the bay. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade local trade along with high levels of visiting tourists during summer months. This is a rare opportunity to purchase very well established business with an impeccable reputation which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday – Sunday – 5.30pm – 10.30pm

Ground Floor
Entrance/reception (7.0m x 6.5m) comprising: 8 leather settees, 4 coffee tables, wall mounted TV (Panasonic), various plants and ornaments.
Bar (4.5.m x 2.5m) comprising: 2 touch screen tills, sink with drainer, serving bar, 2 dumb waiters to basement kitchen, 3 under counter drinks fridges (Gamko), espresso coffee machine (Faema), 2 warming cupboards and glass washer (Halycyon).

Restaurant (13.0m x 5.7m) comprising: various oak tables with marble tops and chairs with seating for (70), various pictures, various wall mirrors, 2 wall mounted TV’s (Panasonic), cutlery cabinet and trolley.
Cloak room.
Disabled toilet with W/C, wash basin and hand rails.
Gents W/C with a urinal and wash basin.
Ladies W/C x 2 with wash basins x 2 and wall mirror.
Storeroom with various shelves.

Commercial kitchen (4.1m x 18.0m) comprising: cold room (2.5m x 4.0m), various stainless steel prep tables, wash basin, 2 floor standing cookers, 2 tandoori ovens, 2 x 6 burner ovens, fryer (lincat), fryer (Marew), microwave Panasonic, large microwave (Panasonic), under counter freezer (Infrico), 2 stainless steel chiller units with stainless preparation tops, stainless steel commercial sink with drainer and directional hose, oven (Panasonic), various stainless shelves, large stainless prep table with salad prep counter, plate warmer unit, large full length extractor canopy, 2 microwaves (Panasonic), 2 dumb waiters restaurant, blast chiller (Irinox), salad bar (Infrico), wash basin, dual sink with drainer, pot wash machine (Electrolux), stainless serving and drop off area, hot plate cupboard (Dane) and upright stainless freezer (True).

Dry stores with various stainless steel tins and shelving.
Preparation room (2.0m x 4.0m) with sink drainer, various stainless steel shelves, stainless steel prep table and wash basin.
Delivery room (4.1m x 3.4m) with flour machine (Sowbaghya), various shelves and large freezer room (4.5m x 3.5m.
Cellar with all the usual cellar requirements.
Store cupboard with various shelving.

First floor
Restaurant (6.5m x 3.5m) comprising: 5 oak tables with marble tops and chairs with seating for (30).

Owners Accommodation
Lounge/Dining Room (6.5m x 5.8m)
Kitchen (3.0m x 2.2m) with fitted units and usual appliances
Bathroom (1.7m x 3.1m) with corner bath with shower, W/C and wash basin
Office (2.9m x 1.6m)

Second floor
Bedroom 1 (2.9m x 4.2m) Double
Bedroom 2 (3.0m x 3.7m) Double
Bedroom 3 (2.9m x 5.5m) Double en-suite with shower, W/C and wash basin
Rear garden tables with seating for (20)
Front car par for (8) vehicles

EPC Rating C