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CONFIDENTIAL SALE
FOR SALE
24/01/22
289345
Indian restaurant for sale
We are pleased to offer this restaurant for sale in Ilford, Essex. It is in the heart of East London IG3. The Goodmays Station is within walking distance.
The restaurant is in running condition with a staff of 6-10 people. It is fully equipped and is A3 licence approved. It is on a busy road with a TESCO, High Road, and King George Hospital nearby.
The restaurant has enough sitting space for more than 40 customers and existing planning permission to extend the sitting space up to 200 customers.
Details:-
There is open space at the back, with a side entrance for parties and music programs. There is also a two-bed flat above the restaurant with planning permission to extend.
The licence hours are from 10 AM to 12 AM. The yearly turnover of the business is around £425K. The weekly taking is between £7K and 9K approximately.
The flat is rented and the monthly income is £1275.00 , it can be increased up to £1350.00. A premium of £225K (negotiable) is required. The rent of the restaurant is £28000.00 - 30000.00. The lease of the property is for 12 years, Renewable (STC). The rent review is every three years. The present rent review was in 2021 but, it got delayed.
Get in touch for more information.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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