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Indian Restaurant and Bar for Sale in Cheltenham with Seating for 55 and Fully Equipped Kitchen

Cheltenham, GloucestershireEst. 8 years
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Michelin-Recognised Indian Restaurant & Bar for Sale in Cheltenham Photo 1
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Michelin-Recognised Indian Restaurant & Bar for Sale in Cheltenham Michelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in CheltenhamMichelin-Recognised Indian Restaurant & Bar for Sale in Cheltenham
  • Status

    FOR SALE

  • Advert ID

    657749

  • Leasehold: £80,000 (Stock at valuation)
  • Rent: £30,000 (£2,500 per month)
  • Turnover: £312,000 (£6,000 per week)
  • Profit: On request

Key Features

  • Significant wet sales income
  • Small business rate relief
  • Smoking solution area
  • Sold furnished with equipment

Business Details

Michelin Recognised Indian Restaurant & Bar for Sale in Cheltenham

Established Michelin Guide-recognised Indian restaurant and bar in Cheltenham, Gloucestershire.

A unique, fully fitted hospitality venue with approximately £200,000 invested in the refurbishment. The restaurant seats around 55, with a separate bar area for approximately 45 guests, a fully equipped commercial kitchen and two enclosed patio areas.

The business is offered as a leasehold at £80,000 including goodwill, fixtures and fittings. A new 10-year lease is available to a suitable operator, subject to landlord approval.

An opportunity for an experienced operator to take over an established hospitality venue and develop the concept further.
Contact Memsahib's Lounge via the contact us form for more information. https://www.memsahibslounge.com/contacts

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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.

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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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