Margate Indian Restaurant with Secret Spices and Modern Amenities for Sale
Margate, Kent
- Status
FOR SALE
- Advert ID
624074
- Leasehold: £145,000
- Rent: £15,500 (£1,292 per month)
- Turnover: £416,000 (£8,000 per week)
- Profit: On request
Key Features
- Accounts Available
- Established Business
- High Turnover
- Offers Invited
Business Details
Secret spices Indian restaurant Margate
A highly prestigious and well-decorated Indian restaurant, originally a pub, has been operational since 2015. Located in the heart of Margate, Kent, this establishment is strategically situated within a vibrant area with easy access and visibility. This restaurant presents a unique leasehold opportunity, with an asking price available upon request, maintaining a strong current turnover of £416,000. The annual rent is competitively priced at £15,500, with all fixtures, fittings, and stocks included in the sale.
The property, which features a modern and spacious dining area, includes comfortable lounge seating and a fully equipped bar with stylish design. This space is complemented by an impeccably maintained interior, poised for immediate use. Additional facilities within the property include a large basement and five bedrooms above, enhancing its appeal and functionality.
Nearby amenities such as shops, restaurants, and public services further bolster the restaurant’s attractiveness to customers. Owned for 10 years, this establishment employs six staff and offers training opportunities for new owners as part of the transition, making it an ideal prospect for potential buyers. The sale is prompted by the current owner's retirement, offering a vibrant, well-established business in a prime location with accounts available for review.
The Secret Spices Indian Restaurant is a remarkable business opportunity that combines location, facilities, and reputation, making it an attractive investment for the discerning buyer. Interested parties are invited to present offers. This sale represents a distinctive chance to acquire an exceptional small business with a unique character, all in a prime town-center site with parking facilities.
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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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