Leasehold licensed Korean restaurant in Crystal Palace, London available on a renewable lease.
Crystal Palace, London
- Status
FOR SALE
- Advert ID
647881
- Reference
C1242 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Rent: £21,600 (£1,800 per month)
- Turnover: £299,000 (£5,750 per week)
- Profit: Not Applicable
Business Details
LEASEHOLD LIC. KOREAN RESTAURANT
LEASEHOLD LIC. KOREAN RESTAURANT
LOCATION
The property enjoys a prime location in the heart of Crystal Palace, within the vibrant Crystal Palace triangle. It benefits from high foot & vehicular traffic and is just 400 meters from Crystal Palace Station, offering direct train connections to London Bridge and London Victoria. Nearby establishments include Everyman Cinema, Yard Sale, and Palazzo.
BUSINESS
Well presented and equipped concern currently operating as a Korean Restaurant/Takeaway specialising in fast fresh Korean fusion food for both eat in and takeaway/delivery. The premises are of course suitable for a wide variety of styles of cuisine.
TURNOVER
We are advised that the business enjoys takings of £5,000 - £5,800 PWK @ 65% GP.
HOURS
10.00am - 10.30pm Mon - Sun
PREMISES
Fully fitted double fronted premises circa 1,500 sq/ft. (Ground floor is: 825 sq ft and basement is: 680 sq ft.) Fully refurbished only 2 years ago at a cost of circa £100,000 to include a new kitchen extract hood & motor, completely rewired electrics and general fit out. Restaurant Area: seating for 30-40 covers. Servery to rear with 3 menu monitor displays over, Epos till system, refrigerated drinks display unit, fridge, st/stl hand wash basin, Kitchen to rear with full length st/stl extractor system, 6 pan bain marie, electric oven/hob, hotplate, 2 fryers, rice cooker, triple st/stl fridge, st/stl worktops and shelving, hot cupboard, insectacutor. Customer WC with hand wash basin. Stairs to downstairs basement area. Office. Prep Room/Store with Walk in Coldroom, st/stl work tops, st/stl sink. Shelving.
TENURE
Renewable 15 year lease expiring in 2028. Rent £21,600 per annum. (3 year reviews)
EPC RATING
TBA
BUSINESS RATES
£4,560 per annum. Payable.
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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.
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.
Be safe, use a Rightbiz Solicitor
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