Oriental Restaurant for Sale in Streatham Hill, London
Streatham, London
- Status
FOR SALE
- Advert ID
640974
- Leasehold: £85,000
- Rent: £27,000 (£2,250 per month)
- Turnover: £380,000 (£7,308 per week)
- Profit: On request
Business Details
Oriental Restaurant for Sale in Streatham Hill
Located in the vibrant area of Streatham, this A3 licensed restaurant presents an excellent opportunity for any aspiring restaurateur. With a well-established presence in the community, this venue has been successfully operated for the past seven years, reflecting a dedicated commitment to quality and customer satisfaction. Priced at £85,000 or near offer, it includes all stock, fixtures, and fittings, making it a turnkey investment for the right buyer.
The restaurant boasts a spacious interior of over 70 square metres, designed with contemporary flair to provide a warm and inviting atmosphere. Large windows ensure ample natural light, creating a pleasant dining experience. The layout includes a well-equipped bar offering a diverse selection of beverages, complemented by comfortable seating options, with a thoughtful mix of tables and booths to cater to various customer preferences.
Equipped with essential facilities, the restaurant features a full extraction system, gas supply, cool room, freezer room, and air conditioning, all supported by three-phase electricity. The property is further enhanced by a new shutter, ensuring security and ease of operation.
Key Information
The lease has 12 years remaining, with an annual rent of £27,000, providing stability for any potential buyer. Over the past year, the business has seen increased turnover, currently standing at £380,000, demonstrating solid financial health and growth potential. The restaurant also benefits from a well-established customer base, with positive reviews that contribute to its reputation within the community.
The current owner is retiring after seven successful years, offering a unique opportunity for a new proprietor to step into a thriving business. Additionally, the restaurant enjoys proximity to nearby amenities, including shops and public services, which attract a steady stream of customers.
With a robust online presence, this restaurant is perfectly poised for future growth. Take advantage of this golden opportunity to own a flourishing restaurant in a prime location in Streatham Hill.
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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.
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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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