Newly fitted Sri Lankan restaurant for sale in Barkingside, London
Barkingside, London
- Status
FOR SALE
- Advert ID
648865
- Leasehold: £125,000
- Rent: £30,000 (£2,500 per month)
- Turnover: £364,000 (£7,000 per week)
- Profit: £109,000 (30% Profit margin)
Key Features
- Professional marketing strategies
- Professional work environment
- Professionally fitted equipment
- Profitable operational history
Business Details
FOR SALE Newly fitted, Fully Operational Sri Lankan Restaurant
Property Features
- An exceptional opportunity to acquire a newly fitted, fully operational Sri Lankan restaurant.
- Prime Location
- Modern Interior: Recently refurbished to a high standard with contemporary fixtures, fittings, and a fully equipped commercial kitchen.
- Versatile Operation: Dine-in: Intimate 20-cover seating area.
- Turnkey Condition: No capital expenditure required; all equipment, furniture, and branding are included in the sale.
- Lease Term: Secure leasehold with an Option to Renew (providing long-term security).
- Takeaway: Integrated systems for rapid collection and delivery services.
- Asking Premium: £125,000 (to include all fixtures, fittings, and goodwill).
Property Description
An exceptional opportunity to acquire a newly fitted, fully operational Sri Lankan restaurant situated in the heart of Barkingside’s bustling commercial district. This business combines a charming 20-seater dine-in experience with a high-volume takeaway and established catering operation, offering multiple revenue streams from day one.
Property & Business Highlights
- Prime Location: High-visibility frontage in a high-footfall area of Barkingside, Essex.
- Modern Interior: Recently refurbished to a high standard with contemporary fixtures, fittings, and a fully equipped commercial kitchen.
- Versatile Operation: Dine-in: Intimate 20-cover seating area.
- Takeaway: Integrated systems for rapid collection and delivery services.
- Catering: Fully equipped to handle large-scale external catering orders.
- Turnkey Condition: No capital expenditure required; all equipment, furniture, and branding
Financial Overview
● Business Rates: £9,000 per annum (Buyers should verify eligibility for Small Business Rate Relief)
● Lease Term: Secure leasehold with an Option to Renew (providing long-term security).
● Asking Premium: £ 125,000 (to include all fixtures, fittings, and goodwill).
Opportunity
This is an ideal acquisition for an experienced restaurateur looking to expand into the Essex market or an energetic entrepreneur seeking a high-growth brand. The Sri Lankan food sector is currently experiencing significant growth in London and the suburbs, and this site is perfectly positioned to capture that demand.
Map
What's Nearby
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
Stay Safe
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
Do not 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 amount 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
Contact seller
Stay Safe
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
Get Solicitor
