Chinese and fish and chip takeaway business for sale in Colindale London
Colindale, London
- Status
FOR SALE
- Advert ID
642091
- Leasehold: £42,000 (Stock at valuation)
- Rent: £7,000 (£583 per month)
- Turnover: £180,000 (£3,462 per week)
- Profit: On request
Key Features
- High quality food standards
- Highly recommended viewing
- Suitable for hands-on operator
- Suitable for owner operation
Business Details
Chinese and fish and chip
For sale is a thriving fish and chip and Chinese takeaway business located in the heart of Colindale, London. This establishment has successfully served the community for over 40 years, demonstrating a solid trading history and a loyal customer base. Unfortunately, due to health issues faced by the owner, it is time to pass this opportunity on to a new operator who can maintain its success.
The business is perfectly situated within a vibrant residential area, ensuring a steady flow of customers. Surrounded by various local amenities, including shops and restaurants, it offers an exceptional location for food service. Notably, the competition is limited, primarily comprising other pizza outlets, which provides a unique advantage for this business, enabling it to thrive.
The financial specifics are also promising. The leasehold is priced at £42,000, with an annual rent of £7,000, and the current turnover stands at £150,000—a testament to the business's profitability and potential for growth. Included in the sale are valuable fixtures and fittings, modern equipment, and on-site storage facilities, making the transition to new ownership more seamless.
Key Features and Benefits
This business not only presents an excellent investment opportunity but is also well-maintained and in immaculate condition. Key highlights include:
- High-quality food standards and a robust reputation for excellent service.
- Highly recommended for viewing, thanks to its prime double-fronted location and prominent shopfront visibility.
- Well-suited for a hands-on operator or an owner who wishes to manage the business directly.
- Licensed for both A3 and A5 usage, allowing flexibility in operational offerings.
- Strong year-round trading potential, backed by long-standing goodwill within the community.
- Low rates and reasonable rent, enhancing profit margins.
- Possibilities for property development and expansion, providing avenues for additional revenue streams.
- Reliable parking options, adding convenience for customers.
Alongside a solid online presence, the current owner is willing to provide training opportunities for the incoming proprietor, ensuring a smooth handover. This recommended business opportunity provides a reliable and profitable investment with the potential for future growth and expansion.
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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.
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.
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