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CONFIDENTIAL
FOR SALE
621500
This exceptional opportunity to own a New York-style bistro, specializing in pizza, salt beef, and burgers, is located in the prime area of Tower Hamlets, London. With a leasehold price of £220,000, the business boasts an impressive turnover of £208,000 and a profit margin of £40,000. The annual rent is £18,500, and all stocks are included in the price, making it a compelling investment for potential buyers.
The business, established less than a year ago, is now available for sale due to the owner's family relocating to the UAE. Owned for six months, this thriving bistro has been strategically positioned adjacent to multiple retailers and close to local amenities such as shops and restaurants, which help attract customers. The competition is fair, offering a balanced business environment in this sought-after location.
The restaurant comes fully fitted with all equipment and fittings included in the price, offering a seamless transition for new owners. The open-plan trading area provides an attractive business setup, effortlessly accommodating a steady flow of patrons. Additionally, the business has a strong online presence, enhancing its market reach.
Currently employing four staff members, the restaurant maintains efficient operations. The owner is willing to provide full training for the new owners, ensuring a smooth handover. Accounts are available, and the possibility of owner financing adds an extra layer of convenience for the right buyer. Genuine interest is encouraged, and interested parties are invited to visit and see the business firsthand.
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.
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
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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