Established Italian Restaurant for Sale in Central London, Prime Location, Stable Turnover
City of London, London
- Status
FOR SALE
- Date Submitted:
08/05/24
- Advert ID
611010
- Reference
C2868 / Rightbiz
- Call Agent:
- Leasehold: £335,000 (Stock at valuation)
- Rent: £40,000
- Turnover: £676,000 (£13,000 Per week)
- Net Profit: £160,000 (24% Profit margin)
Key Features
- Established Business
- High Turnover
- Fully Fitted
- Attractive Business
- Prime Location
Business Details
ITALIAN RESTAURANT LOCATED OPPOSITE WELL KNOWN LAND MARK
ITALIAN RESTAURANT LOCATED OPPOSITE WELL KNOWN LAND MARK
TURNOVER £13,000 PER WEEK YIELDING NET PROFIT OF £160,000
EST. OVER 23 YEARS – SAME OWNERS
FULLY LICENCED - A3, A5 & ALCOHOL 2300
REF: C2868
CENTRAL LONDON - £335,000 LEASEHOLD SAV
• TURNOVER £13,000 PER WEEK
• RENT £40,000 PER ANNUM
• RATES £5,000 PER ANNUM
• 20 YEAR LEASE (18 REMAIN)
• A3, A5 & ALCOHOL LICENCE (2300)
• 850 SQ.FT PREMISES (APPROX.)
Viewing Arrangements:
By prior appointment with PPS on 01702 667 111 / 020 3627 1110.
www.paviourpropertyservices.co.uk
Contact Agent
Particulars / More Information
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
