Prime Location Italian Restaurant Near Finchley Central Tube Station, London For Sale
Finchley, London
- Status
FOR SALE
- Advert ID
627761
- Leasehold: £110,000 (Stock at valuation)
- Rent: £33,000 (£2,750 per month)
- Turnover: £120,000 (£2,308 per week)
- Profit: On request
Key Features
- Offers Invited
Business Details
Restaurants near finchley central tube station
An Italian restaurant, strategically located near the Finchley Central Tube Station, is now available for sale. This establishment boasts a prime location that enjoys high foot traffic, making it a potential goldmine for prospective buyers. The restaurant features 32 indoor seats and an additional 16 seats at the front, providing ample space for dining.
The restaurant is renowned for its popular pizza offerings, enhanced by eye-catching signage that draws in customers. Inside, patrons are greeted by a bright and inviting atmosphere, marked by modern decor. This appealing ambiance is one of the defining characteristics of the restaurant.
Although the business is relatively new, with only three months under current ownership, it has already established a loyal customer base. The restaurant comes fully equipped with all necessary furnishings, allowing for a seamless transition with minimal start-up effort. Additionally, the business enjoys the benefits of nearby amenities and services that continuously attract customers.
In terms of competition, the area is bustling, with notable establishments such as Tesco and other restaurants located nearby. Despite the competitive environment, the potential for growth remains significant, especially under adept management.
The restaurant's leasehold opportunity is presented with an asking price upon request, and it currently generates an annual turnover of £120,000 with an annual rent of £33,000. The seller is open to offers and highlights personal time constraints as the reason for selling, indicating a readiness to transfer ownership.
At present, the business employs three staff members and maintains an online presence through popular delivery platforms like Deliveroo, Just Eat, and Uber Eats. To smoothen the ownership transition, training opportunities will be available to new owners. This offer presents an excellent opportunity for an investor or entrepreneur looking to tap into a thriving market in London.
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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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