Indian Restaurant for Sale in Southend-on-Sea with 120 Seating Capacity
Southend on Sea, Essex
- Status
SOLD
- Advert ID
641064
- Leasehold: £250,000
- Rent: £42,000 (£3,500 per month)
- Turnover: £520,000 (£10,000 per week)
- Profit: On request
Key Features
- Excellent condition facilities
- Prime location for business
- Featured on delivery platforms
- Fully fitted trading environment
Business Details
120 seating Indian Restaurant for Sale in Southend on sea.
Discover an exceptional opportunity to acquire a fully equipped Indian restaurant, complete with all furniture and fixtures. This well-established business is located in a vibrant area, renowned for its foot traffic and popularity. The premises come furnished with stylish dining furniture, a fully fitted commercial kitchen, attractive decor, a modern POS system, and all necessary fixtures, ensuring a seamless transition for the new owner.
The restaurant boasts a loyal customer base and exhibits strong potential for further growth through dine-in, takeaway, and delivery services. This makes it an ideal choice for chefs, aspiring operators, or investors looking to step into a successful venture without incurring additional setup costs. With everything in place, the business is ready for immediate trading, allowing the new owner to hit the ground running.
This opportunity is particularly appealing due to the lack of competition in the area, providing a unique advantage for establishing a brand presence. Over the past year, the restaurant has witnessed an increase in turnover, reflecting its strong market position and effective operational strategies. Furthermore, the business benefits from an existing online presence, facilitating outreach and engagement with customers.
Financial Overview
The leasehold for this thriving restaurant is available for £250,000, with a current turnover of £520,000. This healthy turnover indicates the business's profitability and potential for continued growth. The annual rent stands at £42,000, and all stocks are included in the sale price, ensuring a smooth handover and immediate operational capabilities for the new owner.
Support and Training
Please note that serious enquiries are encouraged to explore this outstanding business opportunity fully.
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This business has now been sold. We are currently awaiting final confirmation from the seller or their agent. Please check back soon for updates.
Stay Safe
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.
Stay Safe
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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