Restaurant/cafe for sale in Exeter, England, United Kingdom EX4

Business
Please quote reference B07982

CoGoGo welcomes to the market Exeter Master Spices Ltd T/A, a highly rated Indian takeaway in Exeter.

The business has been under our clients ownership for a number of years, building up an excellent reputation and regular customer base.

Exeter Master Spices Ltd has now come to the market due to our clients wish to retire.

Spice Magic has been located in the area for over 20 years, taking pride in serving the finest Indian cuisine, meticulously prepared by our talented chefs, and delivered right to your doorstep.

Their passion for authentic flavours, combined with commitment to exceptional customer service, has made them a beloved choice among locals and visitors alike. Their diverse menu showcasing traditional Indian dishes bursting with aromatic spices.

The business aims to use the finest ingredients and traditional recipes to craft each dish with care. From fiery curries to fragrant biryanis and indulgent tandoori delights, their extensive menu caters to various tastes and dietary needs.

Customers have the options of either taking away or getting something delivered via Just Eat, Uber Eats and Deliveroo.

Key selling points -

• Well established


• Excellent reputation


• High footfall location


• Regular customer base

Scope for further growth -

• Increase advertising and marketing


• Further develop the website


• Leaflet/Menu drops in the area

Location
Exeter Master Spices Ltd is located on Fore Street in Exeter, Devon.

Due to its position on the road, it receives regular levels of footfall and passing trade.

Premises

• Occupies a single fronted premises


• Eye catching signage


• Service counter area, with display menu's/units along the wall


• Commercial kitchen area

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 6 year lease (as of April 2024). The rent is £13,000 per annum.

Hours
The current trading hours are -

Monday - 5:00pm - 10:00pm

Tuesday - Closed

Wednesday to Sunday - 5:00pm - 10:00pm

Staff
We are advised that the business is run and managed by our client, with the help staff.

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £320,000. Further financials can be made available upon request.