Restaurant for sale in Winchmore Hill London - well-known local brand with delivery options available
Winchmore Hill, London
- Status
FOR SALE
- Advert ID
639724
- Leasehold: £28,000 (Stock at valuation)
- Rent: £16,000 (£1,333 per month)
- Turnover: £35,000 (£673 per week)
- Profit: £25,000 (72% Profit margin)
Key Features
- Accounts Available
- Retirement Sale
- Small Business
Business Details
Restaurant for sale in Winchmorehill
Restaurant for Sale in Winchmore Hill
We are pleased to present a prime opportunity to acquire a well-established restaurant, "HONEY POT", located on Green Lanes in Winchmore Hill. This location benefits from high foot traffic and significant visibility, making it an ideal spot for a thriving business.
The restaurant features an established brand with a recognizable storefront and a loyal customer base. It currently operates a takeaway service, which can be further expanded. The fully equipped kitchen and dining area are ready for immediate operation, ensuring a seamless transition for the new owner.
Additionally, the proximity to delivery services such as Uber Eats enhances the potential for increased revenue, allowing for greater reach to customers who prefer food delivery.
Business Details
This Chinese takeaway has been in operation for three years, with the current owner having managed the business for one year before deciding to sell due to retirement. The business employs two staff members, making it efficient yet manageable.
Financial Overview
The leasehold price for the restaurant is £28,000, with a current turnover of £35,000. The annual rent stands at £16,000, while the profit margin is approximately £25,000. Comprehensive accounts are available for review, providing insight into the business's financial health.
Don't miss this opportunity to own a well-established restaurant in a bustling area of Winchmore Hill.
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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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