Established Nigerian Restaurant in Prime Orpington, London Location with Accommodation for Sale
Orpington, London
- Status
FOR SALE
- Advert ID
629240
- Leasehold: £80,000
- Rent: £20,000 (£1,667 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Key Features
- Established Business
- Small Business
- With Car Park
- Free of Tie Leasehold
Business Details
NIGERIA RESTAURANT
The business opportunity offered here is an established African restaurant situated in the bustling town center of Orpington, London. Not only does this establishment cater to the popular demand for chicken and chips, but it also includes a three-bedroom accommodation on the building's upper floor, which can serve as an additional source of income.
The restaurant boasts a modern interior design, featuring stylish booth seating and eye-catching floral decor. The kitchen is well-equipped and provides ample storage space, ensuring efficient operations. One of the business's major advantages is its prime location, which enjoys high visibility due to the nearby bus stop. Moreover, a fully stocked bar with an extensive selection of beverages complements the dining experience.
With a solid brand presence marked by prominent signage, the restaurant has been successfully established for 1 year and 5 months. It's positioned advantageously near essential amenities such as shops, the front of a bus stop, and a train station, which draws a steady customer base. Remarkably, there is currently no local competition, making this business even more appealing.
The sale includes all essential fixtures and fittings such as a cool room, a complete kitchen setup, CCTV, air conditioning, and freezers. Despite having four employees, the current owner finds the workload overwhelming due to the management of three other shops, which is the reason for selling.
The restaurant has an online presence to further boost its reach. However, no training opportunities will be provided to new owners. The leasehold is valued at £80,000, with an annual rent of £20,000. Additionally, all stock is included in the sale price, offering a turnkey solution for interested buyers.
Overall, this attractive business comes with a free-of-tie leasehold, close proximity to local amenities, parking facilities, and a comprehensive set-up ready for operation. It presents a promising venture for those looking to enter or expand in the restaurant industry.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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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.'.
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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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