Thornton Heath London Cafe Restaurant for Sale, Seats 50, Expansion Potential
Thornton Heath, London
- Status
FOR SALE
- Date Submitted:
26/09/23
- Advert ID
600301
- Leasehold: £70,000 (Stock at valuation)
- Rent: £10,980
- Turnover: £78,000 (£1,500 Per week)
- Net Profit: On request
Key Features
- Offers Invited
- Accounts Available
- Retirement Sale
- Potential for Alternative Use
- Fully Fitted
- Owner Financed
- Small Business
- Prime Location
- New Lease
- Established Business
- Trade Gardens Available
Business Details
Cafe Restaurant for Sale in Thornton Heath, London
Café restaurant with 5 star hygiene rating seats up to 50 people inside with huge potential for additional garden seating and BBQ. Currently serving traditional breakfasts, lunches and beverages – eat-in or takeaway, cash only. Massive opportunity exists for card payments, delivery service and expansion into pizza, Indian and fish-n-chip menus.
Property has separate male and female toilets.
Restaurant is just off a busy main road, with signage to café, going into affluent residential areas where houses value up to £525K and flats £280K. Ample parking.
Owners looking to retire.
Renewable lease has 15 years remaining. No business rates.
Revenue £1500 /week (7am-3pm Mon-Sat. Closed Sunday). Rent £915 /month. Asking for £70K ono.
All kitchen equipment, machines and all furniture included. Stock at valuation.
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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.
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.
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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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