Highly Rated Exeter Master Spices Ltd Indian Takeaway in Devon Up for Sale - Great Growth Potential
Exeter, Devon
- Status
FOR SALE
- Date Submitted:
15/04/24
- Advert ID
609801
- Reference
B07982 / Rightbiz
- Call Agent:
- Leasehold: £59,995
- Turnover: £320,340 (£6,160 Per week)
- Net Profit: Not Applicable
Business Details
Highly Rated Indian Takeaway For Sale
BusinessPlease quote reference B07982
CoGoGo welcomes to the market Exeter Master Spices Ltd T/A, a highly rated Indian takeaway in Exeter.
The business has been under our clients ownership for a number of years, building up an excellent reputation and regular customer base.
Exeter Master Spices Ltd has now come to the market due to our clients wish to retire.
Spice Magic has been located in the area for over 20 years, taking pride in serving the finest Indian cuisine, meticulously prepared by our talented chefs, and delivered right to your doorstep.
Their passion for authentic flavours, combined with commitment to exceptional customer service, has made them a beloved choice among locals and visitors alike. Their diverse menu showcasing traditional Indian dishes bursting with aromatic spices.
The business aims to use the finest ingredients and traditional recipes to craft each dish with care. From fiery curries to fragrant biryanis and indulgent tandoori delights, their extensive menu caters to various tastes and dietary needs.
Customers have the options of either taking away or getting something delivered via Just Eat, Uber Eats and Deliveroo.
Key selling points -
- Well established
- Excellent reputation
- High footfall location
- Regular customer base
- Increase advertising and marketing
- Further develop the website
- Leaflet/Menu drops in the area
Location
Exeter Master Spices Ltd is located on Fore Street in Exeter, Devon.
Due to its position on the road, it receives regular levels of footfall and passing trade.
Premises
- Occupies a single fronted premises
- Eye catching signage
- Service counter area, with display menu's/units along the wall
- Commercial kitchen area
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 6 year lease (as of April 2024). The rent is £13,000 per annum.
Hours
The current trading hours are -
Monday - 5:00pm - 10:00pm
Tuesday - Closed
Wednesday to Sunday - 5:00pm - 10:00pm
Staff
We are advised that the business is run and managed by our client, with the help staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £320,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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