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CONFIDENTIAL
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This is a prime opportunity to invest in a well-established Indian restaurant positioned in the heart of Romsey, Hampshire. Boasting a strategic town center location, this restaurant offers significant potential for growth and profitability. The absence of fast-food chains in the vicinity makes this locale particularly enticing for introducing class cuisines such as Chinese, Turkish, or contemporary dining options.
Having been established for 20 years, with 8 years under the current ownership, the business represents a unique opportunity in an area where no restaurant sales have occurred over the last two decades. Surrounded by various amenities, the location naturally attracts a steady stream of customers. Competition is minimal, presenting a highly promising environment for a dynamic business venture.
The financial aspects of this offer are attractive, with a current turnover of £230,000 and a potential increase to £350,000 anticipated. The leasehold price is marked at £60,000, inclusive of stocks, with an annual rent of £25,000, and a profit margin of £25,000. The restaurant fully equipped and its leasehold is free of tie, making it suitable for a full refurbishment or even alternative use.
The current owner is offering training opportunities to support the new proprietor's transition, ensuring a smooth takeover. Moreover, the restaurant's established online presence will aid in engaging with a broader customer base. With a staff of 5-6 capable employees, the business is poised for continued success under new management.
Whether you are an aspiring restaurateur or a seasoned investor, this opportunity is not to be missed. The asking price has been further reduced, and its availability includes all necessary fixtures and fittings, effectively setting up the new owner for an immediate start. The addition of a car park enhances its customer convenience, and its central location ensures visibility and accessibility. Seize this chance to own an attractive and fully fitted business in an affluent and vibrant community.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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