Profitable Restaurant Business for Sale in Prime London Location, Commercial Road
Whitechapel, London
- Status
FOR SALE
- Advert ID
623479
- Leasehold: £175,000
- Turnover: On request
- Profit: On request
Key Features
- Close to Local Amenities
- Town Centre location
- Potential for Alternative Use
- Small Business
Business Details
Restaurant business available for sale on Commercial Road, London
This is a remarkable opportunity to acquire a well-established restaurant business in a prime location on Commercial Road in Whitechapel, London. The restaurant currently benefits from a low-cost operation and holds A3 consent, making it a solid investment. It specializes in grilled chicken, burgers, and kebabs among other dishes, but offers the flexibility to incorporate other cuisines, such as Turkish and Mediterranean. An added advantage is the potential to increase revenue through extended operating hours and improved marketing strategies.
The restaurant's strategic location near four newly-opened universities attracts an influx of approximately 10,000 students, offering a unique opportunity to expand its customer base. Additionally, its proximity to various local amenities, including shops and public services, ensures a steady stream of both student and local resident patrons.
Included in the sale are all fixtures and fittings, enhancing the restaurant's appeal to potential buyers. With a size of approximately 1900 square feet and seating for 50 guests, expandable to 70, the restaurant is well-equipped for bustling business. Key equipment includes a 1200mm chargrill, 800mm flat grill, Blue Seal fryers, a doner kebab machine, and more, all vital for efficient operation.
Over the 1.5 years of operation, the restaurant has built a solid customer base and employs seven staff members. It boasts an existing online presence, facilitating a seamless continuation of digital marketing efforts by the new owner. Training opportunities will be provided to ensure a smooth transition and continued success.
This attractive leasehold business is available for an asking price of £250,000, which includes all stock. Due to its exceptional location, established reputation, and proximity to a burgeoning student population, this opportunity presents a compelling investment for interested parties. For further information about this exciting opportunity, please get in touch.
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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.
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.
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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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