Prime Location Restaurant for Immediate Takeover in Waltham Abbey, Essex
Waltham Abbey, Essex
- Status
FOR SALE
- Advert ID
627185
- Rent: £24,000 (£2,000 per month)
- Turnover: £280,000 (£5,385 per week)
- Net Profit: On request
Key Features
- Fully Fitted
- Owner Financed
- Unique Business
- Accounts Available
- Prime Location
- Price Reduced
- Established Business
- Offers Invited
- Attractive Business
Business Details
Restaurant Waltham Abbey
Fully Equipped Restaurant for Sale – Prime Location in Waltham Abbey
A fantastic opportunity awaits to take over a well-established, family-run restaurant situated in a prime High Street location in Waltham Abbey. This business is not only fully equipped and operational but also ready for immediate takeover, allowing you to start trading with no additional investment required.
Key Features
The restaurant boasts an excellent location in a high footfall area, right in the heart of Waltham Abbey. It offers both indoor and outdoor seating, featuring a welcoming front terrace and a spacious garden terrace at the back.
The kitchen is fully equipped, including a gas stove, gas oven, ventilated electric oven, two deep fryers, a flat grill, two prep-fridges, a large fridge, and a large freezer. Ample storage space is provided with a large dry-storage room and a spacious basement, ideal for additional stock.
The establishment is fully furnished, coming complete with all crockery, cutlery, glasses, beverage fridges, and a dedicated milk fridge for coffee preparation. There is a dedicated pot wash area, equipped with an extractor fan and two dishwashers specifically for kitchenware and for glasses, mugs, and cups.
Recently renovated, the bathrooms are modern and newly refurbished, adding to the comfort of your patrons. For security, an alarm system with cameras is included under an active contract.
Business Details
This is a ready-to-run business, sold with everything needed to continue operations seamlessly. The only investment required is a £60,000
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The current turnover stands at £280,000, with a leasehold opportunity and asking price available upon request. The annual rent is £24,000 and all stock is included in the price. Accounts are available for review.
Reason for Sale
The reason for selling is the owner's relocation abroad. This presents an excellent opportunity for someone to take over a thriving business with no additional setup costs. Training opportunities will be offered to the new owners to facilitate a smooth transition.
General Information
This cozy interior boasts a lively atmosphere with a well-organized storage area and a spacious outdoor seating area. The storefront is attractive and inviting, contributing to its uniqueness and appeal as a business.
The business has been established for over five years and has seen an increase in turnover over the year. Fixtures and fittings are included in the price. Offers are invited, and owner financing is available. The price has been reduced, highlighting this as a fantastic opportunity in a prime location.
For more details or to arrange a viewing, please get in touch!
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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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