Featured Brokers
CONFIDENTIAL
FOR SALE
640449
For those seeking a prime investment opportunity, we have an Italian restaurant for sale in East Finchley, London. This leasehold property, available for an asking price upon request, boasts a current turnover of £220,000 with an annual rent of £24,000. The restaurant has been established for 12 years, and I have owned it for the past 3 years.
Located in a fancy area on Bishop Avenue, this restaurant attracts customers due to its proximity to amenities such as shops, pubs, and food hospitality chains. The location also features accessible public transport links and toilet facilities, making it an ideal dining destination with an established customer base.
In addition to its current operation as a pizza and pasta restaurant, the premises offer huge potential for expansion. We have received planning permission from the council to extend the space by 3 meters, which could be utilized as a smoking area or converted into a studio flat. With the possibility of additional rental income and catering options, the new owner can benefit without needing to make significant initial investments.
Despite the high level of competition in the area, the restaurant has seen a year-on-year increase in turnover. It is fully equipped with a modern commercial kitchen that includes advanced cooking equipment and all fixtures have been newly renovated within the last three years. The attractive and themed decor, combined with ample storage facilities, enhances the restaurant's appeal and operational efficiency.
It is important to note that I am reluctantly selling this business due to personal reasons, including the demands of managing long hours while raising young children. Selling is a difficult decision, as I see this as a valuable long-term investment opportunity. The new owner will benefit from comprehensive CCTV security, central heating, and well-maintained facilities, all contributing to higher profit margins and further growth potential.
To truly appreciate the offerings of this restaurant, I encourage interested parties to schedule a viewing. Please don’t hesitate to reach out for more information.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
The data showed regarding this advert 'Italian restaurant ' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.