Modern Restaurant in Waltham Abbey Essex for Sale - Established 2 Years, Prime Location
Waltham Abbey, Essex
- Status
FOR SALE
- Date Submitted:
05/01/23
- Advert ID
505947
- Leasehold: £120,000
- Turnover: On request
- Net Profit: On request
Key Features
- Prime Location
- Town Centre location
- Vacant/Empty Premises
- Close to Local Amenities
- Unique Business
- Established Business
- Home Based
- Unique Business
- Town Centre location
- Ideal for Full Refurbishment
- Home Based
- Retirement Sale
- Vacant/Empty Premises
- Established Business
- Accounts Available
- Town Centre location
- Price Reduced
- Vacant/Empty Premises
- Unique Business
- Small Business
- Accounts Available
- Price Reduced
- Unique Business
- Ideal for Full Refurbishment
- Vacant/Empty Premises
- Accounts Available
- High Turnover
- Retirement Sale
- Vacant/Empty Premises
- Established Business
- Accounts Available
- Town Centre location
- Price Reduced
- Vacant/Empty Premises
- Unique Business
- Town Centre location
Business Details
Modern restaurant for sale
Restaurant for sale in Essex
An established business for two years in Essex is for sale. I have owned this business since the beginning. Previously, it was running as a pub before I held it. The business benefits from the town centre located on a main road with public transport links nearby, such as the train station, which increases the footfall in the restaurant.
The leasehold price is £120,000, and the current turnover is available on request. I am willing to accept the nearest offer. All fixtures and fittings are part of the sale. Also, the two-bedroom flat above the restaurant is part of the sale deed. Turnover has been increasing substantially. Bookings for parties are locked in till June.
With little or less competition locally, we have a strong presence on social media like Facebook and Instagram and are well-established on Google in the local area. Our operational hours are from four pm to one am, four days per week, running on enforced hours. However, there is scope for expansion by extending the working hours. Our kitchen staff is well-employed as we hire through an agency for front of house staff according to demand.
As we are shifting abroad, we are looking for buyers who could look after this restaurant. We recently renovated the premises with DJ and cocktail bar and spent £5,000 on laser lighting effects and a foam machine for the events. We are also willing to offer training opportunities to the new owners.
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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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