FOR SALE
641830
Exciting opportunity to own an Indian restaurant in the charming town of Buxton, Derbyshire. This fully refurbished establishment boasts a delightful al fresco dining area, making it an inviting choice for both locals and visitors alike. With the potential for expansion into daytime trade and the ability to offer alcohol sales, the prospects for growth are substantial.
Currently on the market due to other professional commitments, the business has only been running for six months but is already well-positioned in a prime location. The unique brand name, “Memories of India,” coupled with an appealing exterior and effective signage, ensures strong visibility and brand recognition.
Large windows flood the interior with natural light, creating a warm and welcoming atmosphere that attracts customers. The restaurant is equipped with modern security features, including a contemporary alarm system, ensuring peace of mind for new owners. Situated on the high street, this venue benefits from high footfall, particularly during the day, highlighting the potential for increased trade.
Key Features and Benefits
This lucrative opportunity comes complete with a variety of advantages for prospective buyers. The restaurant includes a range of fixtures and fittings in the sale, establishing a strong foundation for continued success. It features both indoor and exterior dining spaces, an open-plan dining area, and a modern, well-maintained kitchen. Additionally, the establishment has the capability to operate late hours, with a late trading licence already in place.
The restaurant's location offers significant competitive advantages, with only one nearby Indian restaurant approximately ten minutes away. This creates an opportunity for the new owner to tap into a devoted customer base and further enhance the menu, potentially incorporating an alcohol licence for increased revenue streams.
Financial Insights
The leasehold price stands at £70,000, with a notable current turnover of £336,000 and an annual rent of £27,000. Alongside the income potential of obtaining an alcohol licence, the inclusion of all essential kitchen equipment and furnishings further sweetens the deal.
With four employees already onboard and the option of training for new owners if required, transitioning into this business is made straightforward. The restaurant is also present on popular online delivery platforms such as Foodhub and Just Eat, further extending its reach.
In summary, this well-established Indian restaurant presents an incredible opportunity for anyone looking to step into a thriving business in Buxton. Don’t miss your chance to make this exciting culinary venture your own!
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.
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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.
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.
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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.
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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