Turkish Restaurant in Romford London for Sale - Turn-Key Business Opportunity with £216K Turnover
Romford, London
- Status
FOR SALE
- Date Submitted:
15/02/23
- Advert ID
508435
- Leasehold: £100,000
- Turnover: £216,000 (£4,154 Per week)
- Net Profit: On request
Key Features
- Fully Fitted
- Large Business for Sale
Business Details
Turkish Restaurant for sale in Romford London
For those seeking a turn-key business opportunity in the heart of Romford, London, this Turkish restaurant could be your chance! With 7 years of successful operation and a current turnover of £216,000, this restaurant boasts a prime location opposite a Matalan retailer and on the main road bus stop, with little to no competition in the local area.
The leasehold price is £100,000, including all fixtures and fittings, providing a fully fitted and equipped business for the new owner. With a 2-bedroom flat upstairs, this restaurant is perfect for those seeking a home and work-life balance.
The business operates from 12-10pm, 7 days a week, has 5 dedicated employees and a strong online presence with an Instagram account and website to take orders. The restaurant is also planning to partner with online food delivery platforms, offering even more growth potential.
The current owner is selling due to personal commitments and is willing to offer training to ensure a smooth transition to the new owner. With a large customer base, increasing turnover over the last year, and a prime location, this is a fantastic opportunity for those seeking a profitable and well-established restaurant in London.
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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.'.
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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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