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Fish and chips restaurant for sale in South Woodford, a community presence for 78 years

South Woodford, London

CONFIDENTIAL

  • Status

    FOR SALE

  • Advert ID

    640336

  • Leasehold: £320,000 (Stock at valuation)
  • Rent: £32,000 (£2,667 per month)
  • Turnover: Not Applicable
  • Profit: Not Applicable

Key Features

    Business Details

    Fish chips and kebab, South Woodford

    For sale due to health issues, a well-established fish and chips restaurant located in the town center of South Woodford, London. This business has been operational for an impressive 78 years, showcasing its long-standing presence in the community.

    The owner has run this restaurant for 1.5 years and is now selling the leasehold for £320,000. The annual rent for the premises is £32,000. This sale presents a unique opportunity for a new owner to take over a business with a high turnover potential.

    The restaurant is currently closed and will require a new owner to revitalize its operations. The premises are spacious, include a car park, and are being offered with a free of tie leasehold. Financial accounts are available for review, providing valuable insight into the business's performance.

    This opportunity is perfect for someone looking to enter the food service industry or expand their existing portfolio. Despite being a vacant property at the moment, its unique appeal and prime location offer significant potential for growth.

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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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