Established Chinese Restaurant with 40-Year Legacy for Sale in Prime Luton Location
Luton, Bedfordshire
- Status
FOR SALE
- Advert ID
623861
- Leasehold: £159,000 (Stock at valuation)
- Rent: £44,000
- Turnover: £540,000 (£10,385 Per week)
- Net Profit: £180,000 (34% Profit margin)
Key Features
- High Turnover
- With Car Park
- Attractive Business
- New Lease
- Fully Fitted
Business Details
40 Years History Chinese Restaurant for Sale in Luton
An established Chinese restaurant in Luton, Bedfordshire, is available for sale. This restaurant boasts a prime location with high visibility, making it an attractive business opportunity.
With a rich history spanning 40 years, the restaurant has a spacious dining area that exudes a traditional Chinese ambiance. Additionally, it features a fully equipped bar with stylish decor, perfect for customer relaxation and enjoyment.
The restaurant is characterized by its well-maintained kitchen, which is equipped with industrial-grade appliances. Ample stainless-steel storage and preparation areas ensure efficient operations. These features, combined with the elegant dining area and attractive bar, create an appealing atmosphere for diners.
A key advantage of this property is its proximity to several nearby amenities, including a university, which generates steady customer traffic. The restaurant is also accompanied by a car park, further enhancing its accessibility.
This leasehold opportunity has a current annual turnover of £540,000 and a profit margin of £180,000. The annual rent is £44,000, and the sale includes a new lease with fully fitted interiors. The asking price is available upon request.
This Chinese restaurant epitomizes a high-turnover, attractive business opportunity, complete with a fully fitted establishment in a strategic location.
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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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