Indian restaurant for sale in Elmpark Hornchurch with included fixtures and leasehold opportunity
Hornchurch, London
- Status
FOR SALE
- Advert ID
637183
- Leasehold: £95,000 (Stock at valuation)
- Rent: £27,000 (£2,250 per month)
- Turnover: £143,000 (£2,750 per week)
- Profit: On request
Key Features
- Clean and compliant hygiene standards
- Clean and well-maintained facilities
- Close to town centre
- Commercial fixtures and fittings
Business Details
Indian restaurant in Elmpark
This Indian restaurant is a well-established business located in Elmpark, Hornchurch, London. With 3 bed Room accommodation an impressive history of 18 years, the restaurant has built a solid reputation and a loyal customer base. It is currently for sale at an asking price £110000with a turnover of approximately £143,000.
The annual rent for the restaurant is £27000, making it an appealing leasehold opportunity for potential buyers. Notably, the business has experienced an increase in turnover over the past year, indicating growth and profitability.
The decision to sell the restaurant comes as I have recently relocated due to my daughter starting university in Liverpool. After owning the restaurant for one year, I must focus on this new chapter in our lives.
While there are currently no nearby amenities, such as shops, restaurants, or public services that attract customers, the restaurant's prime location in Elmpark remains advantageous.
Included in the sale are various fixtures and fittings that are essential to the operation of the restaurant, ensuring that the new owner can continue running the business seamlessly.
3 bedroom flat including rent comes £1750 pm
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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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