Prime Location Shisha Bar in Tooting Bec London Available for Purchase
Tooting Bec, London
- Status
FOR SALE
- Advert ID
617189
- Leasehold: £20,000
- Rent: £4,800 (£400 per month)
- Turnover: £130,000 (£2,500 per week)
- Profit: £40,000 (31% Profit margin)
Key Features
- Price Reduced
- Split Level Trading Area
- Currently Closed
- Prime Location
Business Details
Shisha tooting
Shisha Lounge for Sale in Tooting Bec, London
We have a charming and cost-effective Shisha bar available for purchase in the prime town center location of Tooting Bec, London. A distinctive feature of this establishment is its elegant design combining rustic and contemporary elements, making it a unique presence in the locale. The leasehold price for this bar is an affordable £20,000.
This lounge boasts an impressive turnover of £130,000 with a profit margin of £40,000. A substantial advantage is that all stocks will be included in the purchase price, contributing to the seamless continuity of business operations post-acquisition. Despite the favorable circumstances, the owner is open to negotiation and is willing to consider the closest offer.
The establishment is spread across two levels, offering a versatile space for varied seating arrangements and hosting events. Inside, the lounge features a cozy seating area adorned with an industrial-modern aesthetic and mood-enhancing lighting fixtures. With three years remaining on the lease agreement and a modest monthly rental of £400, this presenting opportunity offers potential buyers both stability and affordability.
Beyond the indoor comforts, the lounge extends to a charming outdoor patio space. This area is designed with artificial turf and an overhead canopy, creating an inviting atmosphere for patrons. It is further enhanced with atmospheric string lights and a fully equipped outdoor bar, complete with beverage storage and preparation areas. Eye-catching wall-mounted decorative lanterns embellish the building's exterior, adding to its unique appeal.
The Shisha lounge is currently closed, thus representing an immediate opportunity to acquire and revitalize a well-located business in a bustling district.
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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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