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CONFIDENTIAL
FOR SALE
629009
For sale: a highly acclaimed Mexican/American restaurant with a 5-star hygiene rating. This establishment is situated in a prime town center location in Petts Wood, London. Offering an attractive opportunity with a leasehold priced at £149 500, this restaurant boasts a current turnover of £350,000 and an annual rent of £67,000.
The restaurant features a stunning and modern décor with a stylish interior that creates a warm, inviting atmosphere. It underwent a complete renovation in 2023 and has been fitted with high-quality finishes. Above the restaurant, there are two flats: one with a single bedroom and balcony, and a larger three-bedroom flat, both of which are currently rented out.
This well-reputed establishment is highly rated on platforms such as Tripadvisor, UberEats, Deliveroo, and Just Eat, and has also partnered with popular virtual brands for franchising. The restaurant is well-equipped to handle dine-in, takeout, delivery, and event catering services, offering an efficient system ready for further growth.
The interior space features new flooring, hanging lights, a bar, and an EPOSNow till system. It can accommodate up to 60 guests with tables, chairs, and leather benches. Additionally, it has a CCTV system with five cameras and a monitor and a Verisure alarm Zero Vision System for security. There is outdoor seating available for 10 people, complemented by French windows for an open-air dining experience. Furthermore, the premises are wheelchair accessible, with disabled-friendly toilets as well as separate restrooms for ladies and gentlemen.
The kitchen is fully equipped with a stainless steel extractor unit, gas grill, four-burner cooker, three microwaves, a dishwasher, salad bar, two countertop fridges, four freezers, preparation tables, five fryers, and a very large walk-in cold room. Additional space includes a storage room at the back and a personal parking area, which is currently used by the owner.
The sale includes the secure renewable lease, goodwill, fixtures, and fittings, with stock valued separately. Although the business has been established for 20 years, the current owner has managed it for the last 10 years and is selling due to relocation. Training opportunities will be provided to the new owners.
The restaurant's location is advantageous, being in close proximity to a range of local amenities, which naturally attracts customers to the area. Prospective owners will appreciate the vibrant setting, established customer base, and the comprehensive setup that facilitates immediate business operation.
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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