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Croydon High Street Indian Restaurant & Takeaway – Established 20 years, Prime Location

Croydon, London
Restaurant for sale in Croydon High street Photo 1
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Restaurant for sale in Croydon High street
  • Status

    FOR SALE

  • Date Submitted:

    14/04/22

  • Advert ID

    293840

  • Leasehold: £85,000 (Stock at valuation)
  • Rent: £21,600
  • Turnover: £400,000 (£7,692 Per week)
  • Net Profit: On request

Key Features

  • Attractive Business
  • Offers Invited

Business Details

Restaurant for sale in Croydon High street

We are delighted to welcome to the market this charming and fully equipped Indian restaurant, café, and takeaway in Croydon

Business Description:-

The business has been established for twenty years. I have owned it for three years. There are public transport links nearby: East Croydon station. It is situated in the High street, a prime location close to a residential area. There is healthy competition in the area. We are located in a heavy footfall area so, there is good potential among other businesses.

The sale is for the leasehold of the business for £85,000 or your nearest offer. The sale includes fixtures, fittings and stock. These include a new kitchen, all equipment, basement and ground floor. The yearly turnover of the business is £400,000. It has been increasing over the years. The reason behind the sale is that we are relocating back to India. The current hours are 12 pm - 12 am. We have a staff of six employees.

. This highly rated business holds an A3 licence and is renowned for its delicious menu.

The highly reputable business has pre-established delivery agreements with UberEats, JustEat, and Deliveroo with many 5-star reviews across multiple platforms. The business benefits from an excellent client base of returning customers and a heavy footfall of passing trade. The business has recently undergone a £20,000 refurbishment that includes an additional extractor system in the kitchen.

Summary:-

– It is a rental property

– There is huge potential for the space

– It is in a prime location

– Heavy footfall area

– All Fixtures and Fittings Included

– highly rated

– It is an established business

– It is a fully refurbished property

– Proof of funds required

Location and amenities:-

The business is located in a prime position close to a residential area and on a busy high street in Croydon with good transport links making the premises easily accessible for the owner and customers. The business is surrounded by local amenities and residential areas it benefits them from a high footfall trade, local customers, and walk-ins.

Growth potential:-

It is a perfect opportunity for any new buyer looking for a well-established business with the potential for further growth. This already successful business only opens six days a week and could increase revenue by extending its opening hours to include opening seven days a week. There are offers and discounts throughout the week at quieter times.

Increase social media following with Facebook and Instagram accounts and run incentives and competitions. Turnover is available upon request.

Security features:

The property is fitted with a CCTV system.

Fixtures and fittings:-

The business is fully equipped with all the equipment needed to run the business to its full potential and includes a newly fitted bar and cellar. A full list of assets is available upon request.

The owner is selling the business due to other business commitments. This creates the perfect opportunity for any new owner to take over an already well-established and profitable business. A hand-over period is available from the owner.

Would you love to be running an already successful business and call it your own? This is a business to get excited about, and it is a rare opportunity in the market. We anticipate great interest in this amazing listing, and we don’t anticipate this business to be on the market for long.

This is a huge and unique business opportunity to become your boss and carry out your passion daily. A viewing of this business is highly recommended to appreciate its true value and the potential it has for any owner.

VIEWING STRICTLY BY APPOINTMENT!

If you are interested please contact us to discuss any sale enquiries or arrange a viewing. We are willing to offer training opportunities to the new owners.

Get in touch for more information.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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