Established Chinese Restaurant in Crouch End, London with 11-Year Renewable Lease for Sale
Crouch End, London
- Status
FOR SALE
- Advert ID
612145
- Leasehold: £40,000
- Rent: £34,000 (£2,833 per month)
- Turnover: £166,400 (£3,200 per week)
- Profit: On request
Key Features
- Town Centre location
- Price Reduced
- Fully Fitted
- Retirement Sale
Business Details
Leasehold Chinese Restaurant for sale in Crouch End London 11 years renewal lease
An established Chinese restaurant and takeaway situated in the prime location of Crouch End, London is up for sale. This sale is due to the retirement of the owner. It is strongly recommended to visit in person to appreciate the value of this long-established business in the vibrant London food scene.
This restaurant comes with an eleven years renewable lease , next rent review in 2027 and can accommodate up to 30 seated diners. Moreover, a prospective buyer should be prepared to meet the premium required for this high-quality establishment.
The premises are fully equipped, boasting a well-maintained kitchen complete with commercial-grade appliances and multiple wok stations. These facilities make it ready for immediate operation. Additional spaces include a dedicated food preparation area and a dishwashing section, enabling a smooth workflow.
The dining area exudes a contemporary yet authentic Chinese culinary atmosphere. Decorated with traditional elements, it creates an inviting environment for patrons. These attributes, combined with an established brand identity that has been continuously upheld since 1995, provide a turnkey opportunity for any entrepreneur interested in the food and beverage industry.
Prospective buyers should also note that offers near the asking price would be considered. The owner shows a willingness to negotiate, indicating the seriousness of the retirement sale. This presents a potentially lucrative opportunity for discerning buyers looking to invest in an established, successfully operating Chinese restaurant.
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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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