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Southsea Portsmouth Leasehold Indian Restaurant, 30 Years Established, Accommodation Included

Portsmouth, Hampshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    19/10/22

  • Advert ID

    502250

  • Freehold: £600,000
  • Leasehold: £150,000
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Close to Local Amenities
  • Prime Location
  • Attractive Business
  • Town Centre location
  • Offers Invited
  • Established Business

Business Details

Leasehold Indian Restaurant for sale in Southsea Portsmouth with Accomm incl.

This charming restaurant, with a delightful 30-year legacy, is nestled in an enviable location that has been a source of joy for me as the owner since day one. It's not just a business; it's a place that holds countless memories and has become a beloved part of the community.

Our dedication to providing exceptional service and delectable cuisine has earned us the trust and loyalty of our wonderful customers. The restaurant is perfectly situated, easily accessible by public transport, and surrounded by a vibrant array of amenities like theaters, pubs, and more. Currently, we're open from 5 pm to 12 am, and our fantastic team of five keeps the place running smoothly.

Now, I'm excited to share that this gem is up for grabs! You have the option to acquire the leasehold at a negotiable price of £150,000 or opt for the freehold at £600,000, also open to discussion. The deal includes accommodations - a four-bedroom flat, a three-bedroom flat, and a cozy studio flat. Everything you need to keep the magic alive, including fixtures and fittings, is included. Feel free to ask about our annual turnover; we're happy to share the details.

Why am I selling? It's time for me to step into a new chapter called retirement. The loyal customer base we've built over the years is waiting for someone as passionate about this place as I have been. Take the reins and continue this legacy of success, or explore the exciting potential for alternative uses in this prime location. Let's chat and make this restaurant yours!

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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.

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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