Indian Restaurant in Lowestoft for Sale - Prime Location, Established Clients, High Potential
Lowestoft, Suffolk
- Status
FOR SALE
- Date Submitted:
13/03/23
- Advert ID
509805
- Reference
2475 / Rightbiz
- Call Agent:
- Leasehold: £89,000
- Turnover: On request
- Net Profit: On request
Key Features
- Established Business
- Adjacent to Multiple Retailers
- Attractive Business
- Unique Business
- Accounts Available
- Potential for Alternative Use
- Ideal for Full Refurbishment
- Close to Local Amenities
- Fully Fitted
Business Details
Indian Restaurant for Sale in Lowestoft
Summary:
o Proof of fund required
o Huge Potential
o Prime Location
o Heavy Footfall Area
o Unique Opportunity
o Residential Area
o All Fixtures & Fittings included
o Excellent Client Base
o Highly Rated
o Established Business
o Modern Interior Design
Business Description:
Silk Letting Ltd would like to proudly present to the market this excellent modern Indian takeaway in Lowestoft. The business has popular dishes they are known for which include
Fresh traditional Curries
Mixed grills
Various starters
Bread
And many sides
These dishes are all fresh and customers are always happy to return with very good reviews or even order in the comfort of their own homes by the business providing the ability to use Deliveroo, Just Eat, Uber Eats and Foodhub so everyone can enjoy the businesses services from wherever they are.
Location and Amenities:
Business is situated on the outskirts of the busy town centre of Lowestoft just a stone’s throw away from the beach. The premises lies in the middle of a few busy main roads leading onto other busy areas. The business has free street parking to the front and side streets, or paid parking situated a few meters away in a large carpark. If anyone is not travelling by car there is also a train platform at the bottom of the street, giving many options of travel for customers and staff.
This is a very busy residential area that has built-up shops, pubs and social buildings around, meaning there is a heavy footfall and continuous busy traffic no matter what time of day, with a variety of clientele.
Growth Potential:
Although this business is already a success, there are still many ways in which a buyer can improve.
For example, the business doesn’t currently have a social media presence which means a new owner can set up and create a platform on various accounts to achieve a wide outlook and gain much more traffic towards the business. There are platforms in which you can benefit from free advertising such as Facebook and Instagram where you can boost the business and showcase your dishes with outstanding photos and videos, even TikTok can reach places you would never even imagine!
Financial Profile:
Tenure: Lease (Rents Property Only) – 23 years left remaining on the lease.
Turnover is available upon request.
Property:
This business is presented throughout on a spacious floor, with approximately 40 covers. This makes it perfect for guests entering the premises in small or even larger groups. It also ensures that this business will never fail to accommodate during busy periods.
The ground floor of the premises consists of a kitchen, 1 storage room, a dining room, 2 toilets and a staff toilet.
On the first floor, there is a 3-bedroom flat, with one room which is already occupied by tenants. The first floor also consists of a staff room.
Security Features:
The business does not have any shutters, leaving the original architecture to show its street appeal but a new owner could add shutters for added protection. There is also an opportunity to install CCTV cameras to keep the premises monitored and secure. Just the same with an alarm system of your choosing.
We advise our buyers not to miss out on this opportunity!
Fixtures and Fittings:
All fixtures and fittings are included within the purchase of the business, which makes it ready for a buyer to get going right away.
A full list of assets is available upon request.
Staff:
The business currently employs 1 staff member who is willing to stay under new ownership, which gives the buyer a reliable team member to work with.
The business is currently open:
Tuesday – Thursday: 12:00 pm – 1:00 am
Friday – 12:00 pm – 1:00 pm, 2:00 pm – 1:00 am
Saturday – 12:00 pm – 1:00 am
Sunday 12:00 pm – 12:00 am
Reason for the business sale:
The reason for the sale is due to the current owner having other commitments.
We do not anticipate this opportunity to be on the market long so act fast and get your viewing booked asap.
This is a perfect opportunity for an already established restaurant owner or a new venture for a new business owner, so do not miss the chance to go and see a business that could be the reason you profit big money going forward!
VIEWING STRICTLY BY APPOINTMENT!
If you are interested, please contact us to discuss any sale enquiries or arrange a viewing on 0161 519 1205.
Contact Agent
Listing Statistics
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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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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.
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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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
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