Newly Refurbished Mediterranean Restaurant in Camden Town London with Outdoor Seating Terrace
Camden Town, London
- Status
FOR SALE
- Advert ID
620439
- Leasehold: £185,000
- Turnover: £100,000 (£1,923 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Established Business
- Offers Invited
- Owner Financed
- Attractive Business
- Fully Fitted
Business Details
Newly Refurbished Charming Mediterranean Restaurant with Outdoor seating terrace.
A newly refurbished, charming Mediterranean restaurant is on sale. This notable establishment, located in the heart of Camden Town, London, is not just another High Street restaurant. It stands out with its unique Mediterranean dishes and outdoor seating terrace, catering to the demands of both locals and visitors. The restaurant is conveniently located close to several amenities, and establishments, being just off the High Street, making it a preferred destination for many.
The business has been run successfully for approximately four years, during which it has built an impressive reputation. This is visible through its highly rated Google Business Profile, boasting an average rating of 4.7. It is known for its unique Mediterranean cuisine that draws a steady stream of customers.
The restaurant is located in a well-established neighborhood, surrounded by middle-class terraced housing. While the High Street in the surrounding area boasts many restaurants, this particular location is situated on a mini High Street, adjacent to the main street. This allows it to stand apart from the competition, targeting the residents of the neighborhood with well-planned marketing strategies.
The current lease is at the 4th year of a 15-year agreement, providing a long-term investment opportunity for interested buyers. The asking price for this leasehold property is £185,000, a price that includes all inventory stocks. The restaurant has an annual turnover of £100,000. Offers are invited for this attractive business, and the owner is also open to financing. The establishment is ready for an immediate takeover as it is fully fitted and operational. For more financial details, accounts are readily available upon request.
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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.
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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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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.
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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.
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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.'.
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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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