Mr Basrai’s, a well-known all-you-can-eat buffet restaurant in Ayr, has been put on the market. Specialist business property adviser Christie & Co has been instructed to market the lease for the business, which is located on Beresford Terrace in the town centre.
Restaurant details and location
The established restaurant serves a range of cuisines and offers a spacious internal trading area with a mix of booth, banquette and freestanding seating, providing a flexible layout that can accommodate around 230 covers. It also includes a dedicated private dining area, regularly used for functions and events, which can comfortably hold around 60 guests.
The property occupies a prominent and highly accessible position on Beresford Terrace, within Ayr’s principal retail, leisure and licensed circuit. It benefits from a strong local catchment as well as substantial seasonal visitor trade.
Business performance and growth potential
Mr Basrai’s has received excellent reviews on Google and TripAdvisor, and offers an established customer base. There is further scope to grow revenues through functions, private dining, takeaway and external dining.
Owner Vikram Shekhawat has run the business for the last four years, during which time the restaurant has become a popular dining option for locals and visitors to the area.
Sale process and pricing
Tony Spence, Director – Hospitality at Christie & Co, who is managing the sale, said: “Mr Basrai’s represents an excellent opportunity to acquire a substantial, well-established restaurant in a prominent Ayr town centre location.
“With around 230 covers, a separate private dining area and an extensive commercial kitchen, the business offers an incoming operator an excellent platform to build on the existing trade and further develop the functions, events and takeaway offering.”
Mr Basrai’s is on the market leasehold with an asking price of £150,000 and an annual rent of £48,000 (excluding VAT).
