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CONFIDENTIAL
FOR SALE
639299
For 45 years, this esteemed vegetarian Indian restaurant has proudly served the vibrant community of Green Street, Newham, London. Over the decades, we have witnessed numerous changes in the local landscape, yet our commitment to delivering exceptional food and service has remained steadfast. Our loyal patrons often recommend us to friends and family, cementing our place in the hearts of both local residents and visitors.
Strategically located at a prime corner with impressive double-fronted glass displays, our spacious shop is a prominent fixture in the neighborhood. The allure of Green Street attracts nearly a million visitors each year who come to shop, dine, and experience the vibrant community atmosphere.
This business currently operates with a dedicated team of 12 employees and maintains a robust online presence across all major platforms. It includes four self-contained residential flats, with all fixtures and fittings available at the asking price of £500,000. The current turnover stands at £650,000, with an annual rent of £131,000 and a profit margin of £200,000.
Despite the minimal competition in this unique market, there lies significant potential for increased turnover. The current owner, who is retiring after a successful 45-year tenure, is focused on selling rather than operations. Training opportunities can be offered to the new owners based on their desire to continue the existing menu, with 2 to 4 weeks of training available following the approval of solicitors.
This esteemed restaurant is now available for offers, with reduced pricing reflecting its prime location and established business status. The leasehold is free of tie, allowing for alternative uses should the new owners choose to explore that avenue. This is a rare opportunity to acquire a well-established business in an affluent area, complete with attractive amenities and a fully fitted kitchen.
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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