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London-based Asian Restaurant with Sponsor Licence and Established Company for Sale

Undisclosed, London

CONFIDENTIAL

  • Status

    FOR SALE

  • Advert ID

    621282

  • Leasehold: £388,000 (Stock at valuation)
  • Rent: £55,000 (£4,583 per month)
  • Turnover: On request
  • Profit: On request

Key Features

  • Unique Business
  • Company for Sale
  • Owner Financed
  • Town Centre location

Business Details

Well Established restaurant for sale with company on ongoing basis with Sponsor Licence

If you have ever dreamt of owning a fine dine  restaurant in London, but had no clue where to begin... then this is your rare chance to own this beautiful, well kept, reputable, flourishing asian restaurant with all systems in place, with great online presence on major delivery platdorms, well maintained website with online ordering and hassle free delivery setup ,  fully functional and operating  at present with little or no supervision.  A complete smooth hassle free operration. The opportunity is being sold with the well established company which has a premises license for selling alcohol both on and off the premises , 5 star hygiene rating from the onset, excellent raving  google reviews, and a steady flow of loyal guests and returning customers. The most important a sponsor licence  with ‘A’ rating which includes an excellent team of chefs and service staff with a few  part timers.

 

A two week training will be provided for a smooth transition  which can be extended on a fee basis.

 

PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.

MAIN FEATURES

  • Very Affluent Area in South West London  
  • Circa  50 covers  Ground Floor with outdoor seating 
  • Fully Fitted Commercial Kitchen in the Basement
  • Sale of Ltd Company  with Sponsor Licence
  • Fully established and running successfully

LEASE DETAILS

  • Lease:  Circa ending in 2 years (Outside the Act of 1954) with the option for further extension for 20 years
  • Passing Rent: £55,000 PAX
  • Rent Review: Every 5 Years
  • Premium: £388,000

LANDLORD’S REQUIREMENT

  • 3-6 Month’s Rent Deposit Required (subject to references)
  • Personal Guarantee 
  • Bank, Trade & Accountant’s Reference required
  • Evidence of financial credibility

THE PREMISES

  • Circa 1800 Sq. Ft
  • Ground Floor: Dining Basement: Kitchen and Stores
  • Total 55 Covers 
  • Fully Fitted Commercial Kitchen in the Basement with cold room,dry stores, fridge freezers and all equipments.
  • Benefits from Gas & Extraction hood 
  • 3-phase Electric Power Supply
  • Premises Licence in Place for both on an off premises
  • Five-Star Food Hygiene Rating
  • Payable Business Rates: Circa £16000/annum (Rateable Value: £51,000), currently paying a reduced rate.

 

 

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement  due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

 By using our website, you agree with our Terms & Conditions.

 

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

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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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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.

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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.

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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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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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The data showed regarding this advert 'Well Established restaurant for sale with company on ongoing basis with Sponsor Licence ' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.