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Chelsea Nove Bar in Kensington, London - Quick Sale, Great Location!

Kensington And Chelsea, London
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Bar in the heart of Chelsea - Quick Sale!Bar in the heart of Chelsea - Quick Sale!
  • Status

    FOR SALE

  • Date Submitted:

    24/03/24

  • Advert ID

    608716

  • Leasehold: £159,000
  • Rent: £28,000
  • Turnover: £200,000 (£3,846 Per week)
  • Net Profit: Not Applicable

Key Features

  • Established Business

Business Details

Bar in the heart of Chelsea Quick Sale!

The Chelsea Nove, a hidden gem nestled in the heart of Chelsea, is up for sale for a respectable premium asking price of £159,000. However, serious offers will be considered. This trendy venue stands out with a monthly rent that is unmatched by any other in the area — a reasonable £2,333.

Chelsea Nove has a solid 15-year lease in place. Its value is further enhanced by £10,000 worth of furniture, stock, and appliances that come with the sale. This business promises a smooth transition as it's fully operational with a competent staff and manager that are ready to take over.

The venue currently operates as a restaurant during the week. It offers two unique menus; a delightful take on Italian cuisine and mouth-watering smash burgers. With an impressive capacity of having catered to a maximum of 112 patrons at once, the venue’s real potential lies in its weekend slots. These are always either fully booked or hired for private events, underlining a constant demand for private venue hire.

Furthermore, significant investments have been made recently, with £40,000 spent on trendy renovations. These efforts have not gone unnoticed, as evidenced by the establishment’s substantial business turnover, currently ranging between £20,000 to £40,000 per month with considerable potential for growth.

The venue's popularity can also be spotted on social media, especially on their Instagram handle @nove_ldn. The reason for the sale of this lucrative venture is that the current owners are moving abroad. This is a one-of-a-kind opportunity to take over a thriving business located in a prime location, complete with an established customer base and significant growth potential.

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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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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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