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Licensed London Restaurant for Sale with £15,000 Weekly Turnover and Growth Potential

 Undisclosed, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    19/12/18

  • Advert ID

    235680

  • Reference

    R8764 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £220,000
  • Turnover: £312,000 (£6,000 Per week)
  • Net Profit: Not Applicable

Business Details

Licensed Restaurant for Sale

WE ARE INFORMED the turnover averages in the region of £6,000 per week in our opinion offering tremendous potential for further increase in the right hands. Included in the turnover is some takeaway plus Deliveroo is used for deliveries. FEATURES:
Established as Thai cuisine, which can obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT with laminated strip floor, ceiling plus wall lighting. Tables & chairs providing seating for 100 persons. BAR.

ADJOINING KITCHEN with stainless steel extractor. Fully equipped including 8-burner gas cooker, 2 gas deep fryers, 2 microwave ovens, single sink, 14 fridges/deep freezers (a number of which are in the basement preparation kitchen)

Stairs to basement with PREPARATION KITCHEN 5-burner Chinese cooker, stainless steel tables

FIRST FLOOR Ladies' & gentlemen's cloakrooms ACCOMMODATION:
The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

1 Large Double, 12 additional double bedrooms, 3 single rooms
In addition there are 3 shower rooms each with shower, w.c. & wash hand basin

Part of the accommodation is currently utilized by staff with 7 of the rooms let & producing a rental income of £120 per week each providing a current rental for the 7 rooms of £840 per week.

On the first floor there are 2 additional rooms. 1 used as an office and the other used at present as a staff room PRICE:
TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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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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