Award-Winning Maldon Essex Fine Dining Indian Restaurant for Sale - Seats 55, Licensed & Highly Decorated
Undisclosed, Essex
- Status
FOR SALE
- Date Submitted:
05/05/23
- Advert ID
512741
- Leasehold: £139,000 (Stock at valuation)
- Rent: £34,000
- Turnover: £420,000 (£8,077 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Established Business
- High Turnover
- Price Reduced
- Prime Location
- Town Centre location
Business Details
Award winning Restaurant For sale
Fine Dining Licensed Indian Restaurant
RECENTLY AWARDED BEST RESTAURANT IN ESSEX BY ENGLAND BUSINESS AWARD
DOUBLE BAY FRONTED PREMISES. Reception area with greeting point. Lobby with feature fire places, sofas.
Highly decorated, three themed dining areas. Tables and chairs seating 55 persons. 18 persons / 12 persons / 30 persons
Service station with concealed back bar. Professional sound system with smart speakers. POS till, card machine, 2 group coffee machine, grinder and knockout drawer, 2 triple door under-counter fridges, wine cooler, ice machine, dishwasher, blender for cocktails. hotplates, wash hand basin. CCTV (8 cameras)
Ladies' and gentlemen's cloakroom with sink and toilet.
Disabled access cloakroom
Staff toilet
LEVEL KITCHEN. Tiled floor, tube lighting, stainless steel extractor. Tandoori oven, deep fryer, double contact grill, 8-burner gas cooker, hotplate display, 3 microwaves, rice warmer, under-counter fridge/freezer with drawers, 2 double door fridges, single door fridge, 3 stainless steel preparation tables, double sink with drainer, wash hand sink, dishwasher, dough making machine, grinder for spices, blender, fitted cupboards.
Office
Store room.
Basement used for storage - chest freezer
Turnover
WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w.
Trading Hours
7 Day week
MONDAY - SUNDAY 12 noon - 10 p.m
GARDENS
To the rear of the restaurant is a large patio area with gazebos and decking, pyramid heaters, wooden bar. Sofa with parasol. Tables & chairs providing seating for 25 persons.
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2021 with reviews every 3 years (next review 2024) at a current rent of £34,000 p.a.
Business Rates from April 2023 £3000 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £139,000 plus STOCK AT VALUATION
Listing Statistics
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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.
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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.
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