Korean Town Restaurant, Hot Chick, Twisted London Franchise in Kettering for Sale
Kettering, Northamptonshire
- Status
FOR SALE
- Date Submitted:
07/01/24
- Advert ID
604656
- Leasehold: £37,000
- Turnover: £200,000 (£3,846 Per week)
- Net Profit: £130,000 (65% Profit margin)
Key Features
- Established Business
- Prime Location
- Retirement Sale
- With Car Park
- Town Centre location
- Potential for Alternative Use
- Close to Local Amenities
- Attractive Business
- Fully Fitted
Business Details
Korean Town Restaurant , Hot chick, Twisted London franchise for sale
A well-established Korean Restaurant is on the market, enjoying an enviable town centre location in Kettering, Northamptonshire. The business was established in 2021, and I have been the happy owner for two years.
The leasehold price for the business is £37,000, and its current turnover adds up to £200,000. Interested buyers can negotiate the asking price depending on their proposition. After all expenses, the business has a robust profit margin of £130,000. All stocks, which are included in the price, contribute to this figure.
Location-wise, we are situated in a prime part of the town centre. The area has healthy competition, which attracts commendable footfall. All fixtures and fittings, as well as stock, are part of the sale package.
This business has a substantial potential for growth. The new owner has the opportunity to extend opening hours, even operating during breakfast time. The reason for selling on my part is due to commitments to other business ventures. Our current operational hours are from 3 pm to 9 pm, Thursday to Monday. There is potential to increase these hours.
The business is currently being run by my partner and me. We have a strong social media presence, particularly on Instagram and Facebook, adding to its popularity. We also have a partnership with renowned online delivery platforms such as UberEats, JustEat and Deliveroo.
The new owners will receive ample training opportunities from us to ensure a smooth transition. If you want complete details about this business opportunity or have any enquiries, please feel free to contact us.
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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.
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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.
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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.
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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.
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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.
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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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