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Established Naidu Café in Newington Green, London with 10-Year Lease for Sale

City of London, London

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    02/02/24

  • Advert ID

    606190

  • Reference

    B07446 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £49,995
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Well presented cafe opportunity for sale`

Business
Please quote reference B07446

Hilton Smythe are delighted to welcome to the market Naidu, a highly rated and well established cafe business in Newington Green, London.

The businesss opportunity was originally established in 2018, before our client took over in June 2023 and rebranded it to Naidu. 

The business has now come to the open market due to other circumstances.

The business isn't currently open, and therefore is being sold as an asset sale. 

Key selling points -

  • Excellent location
  • Modern and bespoke décor
  • Secured 10 year lease
  • Would suit a partnership or family run business
Scope to improve -

  • Re-opening
  • Embark on modern marketing campaigns and local deliveries


Location
The business occupies a highly desired trading position along Green Lanes, Newington Green

The busy parade of shops provides an abundance of footfall.

There is ample parking within the proximity along with pay and display car parking facilities.

 



Premises
The premises were renovated in 2018 with bespoke décor and lighting.

Upon entrance is the main service area with customer WC.

At the rear of the premises is the fully equipped commercial kitchen and storage area.



Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £20,000 per annum. 



Hours
N/A as the business isn't currently trading.



Staff
N/A



Financial Profile
Asset sale. Further information can be made available. 



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THIS BUSINESS IS NOW UNDER OFFER

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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