Greek restaurant for sale in Wood Green, Haringey, London with outdoor seating and equipped kitchen
Haringey, London
- Status
FOR SALE
- Advert ID
639932
- Leasehold: £220,000
- Rent: £26,000 (£2,167 per month)
- Turnover: £520,000 (£10,000 per week)
- Profit: £140,000 (27% Profit margin)
Key Features
- Established Business
Business Details
Greek restaurant for sale in wood green London
This well-established Greek restaurant has been a local favorite for 40 years, boasting a strong reputation for its exclusive cuisine. Located on the bustling High Road, the restaurant attracts a significant amount of foot traffic and local customers, ensuring a steady flow of business.
The restaurant features a welcoming outdoor seating area, making it an ideal spot for al fresco dining. The fully equipped kitchen is poised for immediate operation and offers opportunities for menu expansion, making it an attractive option for potential buyers looking to innovate.
With a robust customer base developed over the years, there is considerable potential for growth through strategic marketing initiatives and events. The current turnover stands at £520,000, with a profit margin of £140,000.
The leasehold price is set at £220,000, with an annual rent of £26,000. The current owner has successfully operated the business for 5 years but is selling due to retirement. This creates an excellent opportunity for someone to take over a thriving establishment in a prime location.
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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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