Established Restaurant Lounge in Busy Kingston Area, London for Sale
Kingston upon Thames, London
- Status
FOR SALE
- Date Submitted:
29/11/23
- Advert ID
603289
- Leasehold: £250,000
- Rent: £40,000
- Turnover: £420,000 (£8,077 Per week)
- Net Profit: On request
Key Features
- New Lease
Business Details
Restaurant lounge for sale in London, Busy area
Well-established restaurant lounge located in Kingston upon Thames, London. The business has been flourishing in the locale for around 3 years. It is enticingly situated near a bustling shopping centre filled with renowned retailers, including John Lewis. With a leasehold price of £250,000 and a current turnover of £420,000, this offering presents itself as an attractive investment opportunity.
The location witnesses high pedestrian traffic, ensuring a constant inflow of customers. Notably, the area is famed for its vibrant culinary activity with many people coming to eat and explore the nearby cafés. As a result, the business faces healthy competition in the area, keeping the operations dynamic and the offerings fresh. There has even been a steady increase in the turnover over the past year, evidence of the business's growth potential.
The new owner would benefit from a comprehensive package inclusive of all fixtures and fittings. The restaurant comes with a license for keeping the establishment open from 7 a.m. to midnight. Presently, the business functions smoothly under the expertise of its 3 dedicated employees.
Furthermore, we have adopted digital channels to cater to a broader customer base. The restaurant has partnered with JustEat for deliveries and boasts its own official website. The prospective new owners would be provided with ample training opportunities to ensure a seamless transition of ownership.
The sale is prompted due to the owner's interest in venturing into other business areas. As an added advantage, the facility comes with a new lease arrangement. To gain more insights or access complete details regarding this business, please feel free to reach out to me.
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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.
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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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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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