_Business_
_Please quote reference number B05999_
Hilton Smythe welcomes to the market an exciting opportunity to acquire, on a
leasehold basis, an exceptionally well run and performing, 90 cover Indian
restaurant and takeaway.
Milon Restaurant & takeaway has been under the careful & meticulous ownership
of our clients since 1971, growing the business to an impressive level with
consistent turnover & with an excellent local reputation & benefiting from an
alcohol licence.
The business has been placed on the open market as it’s our clients desire to
leave the industry due to other business interests.
The business is run as a contemporary Indian style restaurant & takeaway. This
is an upmarket restaurant that offers a range of delicious dishes.
The restaurant further benefits from having an alcohol licence in place and
serves a selection of beers, wines & spirits for diners.
There is further scope to increase turnover by undertaking in a robust
localised marketing campaign via local press & social media, while there is
scope to update the dedicated website that is in place.
Revised opening hours could also be considered so they could potentially catch
some lunchtime trade due to the busy location of the business.
Our client would be willing to offer a handover period to the purchaser, this
will help the transaction run smoothly. This restaurant has very little
competition around and would be a great opportunity for any purchaser with
experience in the trade.
The business trades on its reputation for quality and service and has
outstanding future possibilities. It would potentially be an ideal acquisition
to some similar sized or larger enterprise looking to increase its position
and presence within the industry.
Very rarely do businesses of this calibre come to the open market therefore,
early viewing must come highly recommended to avoid disappointment.
_Location_
The business is located on the busy & thriving Market Street, Longton,
Staffordshire & is surrounded by a host of complimentary independent business
leading to a good level of footfall & passing trade.
Longton is one of Stoke on Trent’s five principal towns, located close to the
A50 giving access to the Pottery towns and the national road network. The town
has a busy centre with a traditional high street, rail station, market and is
well serviced in terms of local amenities.
_Premises_
The property comprises, a ground floor restaurant with space for 90 covers &
fitted out to an exceptional standard, along with a fully equipped commercial
kitchen located to the rear of the premises.
The restaurant has undergone a programme of refurbishment over the years & can
be found in true turnkey condition.
A full equipment list can be made available on request.
An internal inspection is highly recommended to appreciate the potential and
ideal family business on offer.
_Tenure_
We are advised that the business is being sold on a leasehold basis, with a
new lease to be negotiated.
The Freehold option is also available at £499, 950. There is the potential to
split this property into 4 flats.
_Hours_
The business hours are;
Monday: Closed
Tuesday: 17: 30 - 22: 45
Wednesday: 17: 30 - 22: 45
Thursday: 17: 30 - 22: 45
Friday: 17: 30 - 22: 45
Saturday: 17: 30 - 22: 45
Sunday: 17: 30 - 22: 45
_Staff_
We are advised that the business has 3 full time members of staff.
_Financial Profile_
We are advised as per the 2018 accounts, the business generated a turnover in
the region of £110, 000, with an adjusted net profit in the region of £35, 000.
Full financials can be made available upon further request.
_Please quote reference number B05999_

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