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CONFIDENTIAL
FOR SALE
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This reputable Chinese restaurant, spanning two floors and accommodating over 60 covers, presents a wonderful opportunity for potential buyers. The establishment is situated in a prime location, governed by a council landlord, which ensures fair rent and the option for lease renewal. Currently, the restaurant operates with restricted hours—closed on Mondays and only serving dinner on weekdays, with full operations during the weekend. The weekends experience significant foot traffic thanks to nearby attractions, including a cinema, gyms, overground and underground transport links, as well as a shopping mall just a short walk away. With the current owner unable to dedicate time to expand the business, there is tremendous potential for growth. Notably, the addition of lunch service could significantly bolster sales. At present, the restaurant is partnered exclusively with Deliveroo for delivery, and while it has a steady customer base, there is room to diversify by engaging with other platforms like Just Eat and UberEats.
The business has been established for six years, coinciding with the owner's tenure, which has also lasted for the same period. The surrounding area is bustling, with Finchley Road station and various other shops and restaurants drawing in customers. Competition in the vicinity remains respectable, with several reputable establishments nearby. The fixtures and fittings currently in place are included in the sale price, making for an attractive arrangement for new owners. The primary motivation for selling is the owner's impending relocation. The restaurant currently has six employees, and to ensure a smooth transition, the current owner is willing to provide full handover training to the new buyers.
For those interested in this leasehold opportunity, the asking price is available upon request. The annual rent for the premises is set at £21,500, making it a financially viable proposition for the right entrepreneur.
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
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