Recently Renovated Pizza Shop for Sale in Canning Town, City of London
City of London, London
- Status
FOR SALE
- Advert ID
615186
- Leasehold: £85,000 (Stock at valuation)
- Rent: £18,000 (£1,500 per month)
- Turnover: £234,000 (£4,500 per week)
- Profit: On request
Business Details
Pizza shop for sale in Canning Town
Located in the bustling City of London, we have a Pizza Takeaway Business up for sale. The establishment is strategically situated in a prime position on Barking Road, just proximate to Canning Town Station. The uniqueness of this place is that it is the only establishment in the area where halal pizza is available, catering to a specific demography not attended to by any other businesses. Recently renovated and refurbished, the business is in excellent condition.
The leasehold price of the business is £95,000 with a current turnover standing at £234,000. However, we are open to offers. The establishment operates on flexible hours, specifically from 5pm to 2am, thanks to our late license. Currently, we have five part-time employees working on board.
Amidst our strategic plans to upgrade the business is a website which is already under construction. This will serve to take orders directly from customers, enhancing efficiency and customer experience. Additionally, we are partnered with various food delivery services like UberEats, JustEat and Deliveroo to cater to a wider radius.
The well-fitted kitchen provides an opportunity to expand the menu and introduce various fast food options such as burgers alongside desserts. Staying true to our commitment to helping the new owner, we are pleased to offer training opportunities to ensure a smooth transition.
Due to the urgency to fulfil other time commitments and move abroad, the business owner is selling the business. At the same time, consideration would be given to a working partner willing to deal with operations and build a sustainable relationship to continue the success of the business. For complete details about the business, please feel free to contact me.
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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.
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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.
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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.
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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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