Up for Sale: Chinese Restaurant in Holloway, Islington London Near Arsenal Stadium!
Islington, London
- Status
FOR SALE
- Advert ID
631137
- Leasehold: £55,000
- Rent: £20,000 (£1,667 per month)
- Turnover: £156,000 (£3,000 per week)
- Net Profit: On request
Key Features
- Offers Invited
- Price Reduced
- Prime Location
- Small Business
- Potential for Alternative Use
- Attractive Business
- Fully Fitted
Business Details
Chinese restaurant for sale in Holloway, N77NN
This Chinese restaurant presents a unique opportunity for the right investor, located in the vibrant Holloway/Arsenal area, just a two-minute walk from the famed Arsenal Stadium. This prime location benefits from significant foot traffic due to nearby football matches, concerts, and stadium tours, ensuring consistent revenue generation.
The restaurant accommodates 50 indoor seats, with the possibility of expansion, complemented by an additional 10 seats outdoors. It boasts a modern point-of-sale system and reliable hardware for streamlined order management. The kitchen is well-equipped, featuring ample storage and premium appliances, ideal for high-volume operations.
The business showcases an inviting and stylish interior with vibrant accents, offering a comfortable dining experience. It has also established delivery partnerships, leveraging platforms like Just Eat, Uber, and Deliveroo, alongside its own website, to broaden its customer reach.
Despite being operational for less than a year under the current ownership, turnover has increased. The business is functional with all fixtures and fittings included in the sale price, offering a ready-to-operate opportunity. The leasehold is available for £55,000, generating a current turnover of £156,000 against an annual rent of £20,000. All existing stock is inclusive in the purchase.
With limited nearby competition and proximity to shops and other dining venues, the restaurant holds immense potential for growth. The current owner supervises two full-time and one part-time employees and is prepared to provide training opportunities for seamless ownership transition. The sale is urged by personal circumstances, prompting a quick sale at a reduced price.
Offers are welcome, as the business remains an attractive investment with numerous potentialities for alternative uses or expansion. The establishment is fully fitted and operational, promising a promising return for prospective buyers.
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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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