Manchester Indian Restaurant and Party Hall with Strong Online Presence for Sale
City of Manchester, Manchester
- Status
FOR SALE
- Advert ID
625401
- Leasehold: £50,000 (Stock at valuation)
- Rent: £25,000 (£2,083 per month)
- Turnover: £360,000 (£6,923 per week)
- Net Profit: £10,000 (3% Profit margin)
Key Features
- Attractive Business
- New Lease
- Retirement Sale
- Fully Fitted
- Close to Local Amenities
- High Turnover
- Prime Location
- Town Centre location
- Large Business for Sale
Business Details
Restaurant and Party Hall
This Indian restaurant and party hall, located in the bustling city of Manchester, presents a fantastic leasehold opportunity. Situated in a prime location on a busy street corner, it offers high visibility and benefits from substantial footfall. Manchester Arena, Victoria Station, and other local amenities such as shops and public services attract many customers to this vibrant area.
The restaurant features a stylish interior with modern decor and themed color areas, providing an inviting atmosphere for patrons. It is equipped with a fully functional kitchen, complete with multiple ovens and essential appliances, ensuring efficient service. The establishment comfortably accommodates guests with ample seating in spacious dining areas. Moreover, it boasts an established customer base and recognizable brand signage, contributing to its popularity.
Though the business has been operational for only six months, the current owner has managed it for ten months, offering valuable insight and experience to potential buyers. With an increase in trading hours, the business has seen a noticeable rise in turnover. Currently, the annual turnover is £360,000, with rent amounting to £25,000 per year and a profit margin of £10,000. All stock, fixtures, and fittings are included in the price, making this an attractive proposition.
The business has a solid online presence on platforms such as its website, Google, TikTok, Instagram, and Facebook, which bolsters its marketing efforts. The owner is willing to provide training to new proprietors, ensuring a smooth transition and continued success. Due to health issues, the current owner is seeking to sell but notes this is a high-turnover business with an asking price available upon request.
Currently employing three staff members, this appealing business is fully fitted and ready for operation. It presents a rare opportunity for a buyer looking to step into an attractive, well-positioned venture in the heart of Manchester. Don't miss the chance to acquire this profitable, centrally located restaurant with a new lease and retirement sale advantages.
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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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