The owners of a successful Indian restaurant in Bradford for the past 15 years have put the business up for sale with an asking price just under £1m as they look to semi-retire.
The 3 Singhs has a contemporary feel which is set out in an open-plan style, with seating for 120 customers, a bar, a function space to the first floor and a commercial kitchen.
Current owners, Jaj and Gibby Singh, have decided to sell the site, having owned and operated the business since 2004, in order to semi retire and to expand their property portfolio.
They explained: “Having run The 3 Singhs for so long we have had many great memories here and hosted many special occasions. We have developed a great reputation within West Yorkshire, and we thank our customers and hope they have enjoyed the dining experience with us. The restaurant has the capacity to increase trade even further and we look forward to engaging with prospective purchasers.”
The 3 Singhs is on the market at a freehold asking price of £995,000 with a leasehold option available.
Sam Ashton, business agent at Christie & Co, is handling the sale, commented: “We are offering the business by way of either a freehold or leasehold sale. The freehold sale would mean that the buyer pool is more flexible for redevelopment or alternative use.
“The leasehold opportunity is suitable for an experienced licensed restaurant or pub operator to take over the site and continue as The 3 Singhs, or for a new restaurant brand to be introduced. We are seeking a £250,000 premium for a fully insuring and repairing lease, with a rental of £75,000 per annum on a 10-year term with rent reviews every three years and an optional break clause.”