Profitable Caribbean Restaurant with 2-Bedroom Accommodation for Sale in Southend, Essex
Southend on Sea, Essex
- Status
FOR SALE
- Date Submitted:
10/11/23
- Advert ID
602457
- Leasehold: £65,000 (Stock at valuation)
- Rent: £18,000
- Turnover: £104,000 (£2,000 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Fully Fitted
- Attractive Business
- Retirement Sale
- Established Business
- Potential for Alternative Use
Business Details
Profitable Caribbean Restaurant with 2 bedroom accomm. Good turnover on Limited hours
A prominent Caribbean Restaurant is up for sale in the beautiful seaside town of Southend on Sea, Essex. The business boasts an impressive trading history for seven years, all under the same proprietorship.
Our establishment offers an attractive leasehold price of £65,000. Despite currently operating limited hours due to the proprietor's ill health, the business has maintained a healthy turnover of £104,000. While the trading hours are restricted to the weekends only - specifically, Friday and Saturday evenings from 6pm.
Another attractive aspect of this establishment is its superb location. Positioned on a main road that welcomes a great deal of traffic, the restaurant is positioned ideally for business, located conveniently on several bus routes. Additionally, it's proximate to the nearby beach, making it a popular dining choice for beach-goers and town residents alike.
The regional market has a lot of healthy competition. This ensures continuous business development and potential trade growth, particularly with an extended operating schedule. The sale includes all high-quality fixtures and fittings, a highly maintained property ready for the new owner to take over immediately. The property also provides storage space, a back entrance for deliveries, and a staff break room.
Above the restaurant is owners accomodation flat with two bedrooms a bonus asset for any potential buyer. Unfortunately due to the proprietor's ill health and approaching retirement.,it has become available. Despite the circumstances, a small but mighty team of five employees is currently on board aiding in the business operation.
We have a solid presence on Facebook and other social media platforms. Though we're not currently providing a delivery service, there's an untapped potential revenue stream in addition to the opportunity to diversify the cuisine on offer.
For a comprehensive insight into this unique business opportunity, please contact us directly.
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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.
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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.
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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.
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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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