FOR SALE
612711
A well-established Turkish restaurant situated in Buckhurst Hill, Essex is on the market for sale. Having been operating successfully for the past seven years, this business venture was started from scratch and now presents an exciting opportunity for the right buyer.
The leasehold for the restaurant is priced at £250,000, with the current turnover available on request. The lease is renewable, and we are prepared to consider the nearest offer. The restaurant boasts an ideal location on the high road, right in the bustling town centre. It is a short two-minute walk from the central station, set amidst other thriving businesses like Waitrose supermarket, Costa Coffee, and Toby Carvery.
The restaurant can comfortably seat 150 customers indoors. Additionally, it features an indoor garden with an open roof, suitable for a Shisha lounge with a capacity of 60 seats. An outdoor garden further adds to the charm and appeal of the establishment. Additionally, the property comes complete with all fixtures and fittings included in the sale price. The restaurant also comes with a private car park, capable of accommodating up to 15 cars.
On top of this, the sale includes two flats that contribute substantial additional rental income. With one flat offering four bedrooms and the other two, the rental income from these flats nearly covers the rent for both the premises and the business, bringing in £45,000 annually.
However, due to a change in plan by my business partner, a new venture beckons me. Therefore, the restaurant operates from 12 pm to 1 am, seven days a week, and we have advanced bookings until November. It also excessively happens that every Saturday is fully booked.
Our restaurant operates smoothly with a team of eight dedicated employees. We understand the unprecedented growth potential in online marketing for our business and are currently partnered with Uber Eats, Just Eat, and Deliveroo. We also have our own online ordering system in place.
As part of the sale, we are offering training opportunities for the new owners to ensure a seamless transition. For a comprehensive discussion and details about this business, please don't hesitate to contact me.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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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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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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