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Located in the vibrant district of Bayswater, London, this well-established Indian restaurant has been serving customers since 1967. As one of the oldest Indian eateries in the city, it has built a loyal customer base and boasts a dynamic location surrounded by Hyde Park and numerous hotels. This inviting establishment offers a unique opportunity for potential buyers looking to enter the hospitality industry.
With a remarkable history spanning over 55 years, the restaurant has remained under the same management throughout. Not only does it have a capacity to accommodate 50 diners, but it also holds a Category A3 licence, allowing for food service, as well as an alcohol licence. This combination makes it an attractive spot for both locals and tourists; the area is known as a food hub, featuring a variety of restaurants and amenities that draw customers in.
The restaurant’s layout is adaptable, and it is equipped with modern facilities including air conditioning and adequate customer toilet facilities. Its accessibility for all guests, combined with its prime location near popular tourist sites, adds to its appeal. The establishment is already highly ranked locally, making it a hotspot for those exploring the area.
Despite the restaurant's solid foundation, there has not been a notable increase in turnover in recent years. The current owners are looking to sell the business to focus on other ventures. The restaurant employs eight staff members and has an established online presence, further enhancing its visibility in today’s market.
In terms of financial details, the leasehold opportunity is available, with the asking price available upon request. The annual rent for this prominent location is set at £95,000. Fixtures and fittings are negotiable, allowing potential owners some flexibility in transitioning into this thriving business.
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.
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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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