FOR SALE
652082
14-year established Brixton Village restaurant bra / Rightbiz
CONFIDENTIAL – STAFF UNAWARE
ESTABLISHED BRIXTON RESTAURANT BUSINESS FOR SALE
BRIXTON VILLAGE, LONDON, SW9
SUMMARY
LOCATION
Occupying a prominent position within Brixton Village, one of South London’s most vibrant and established food, beverage and leisure destinations. Brixton Village has become widely recognised as one of London’s leading independent dining destinations, attracting substantial local and destination footfall throughout the week.
The area benefits from excellent transport connectivity via Brixton Underground Station (Victoria Line) and National Rail services, providing quick access into Central London. Nearby operators include Kricket, Fish, Wings & Tings, KaoSarn, Three Uncles, Jalisco and Pergola Brixton, all contributing to the area’s strong hospitality offering and established food-led reputation.
Several operators within Brixton Village have traded successfully for well over a decade, reinforcing the location’s long-standing appeal and hospitality credentials. Honest Burgers launched its first-ever restaurant in Brixton Village in 2011 before expanding nationally, whilst Fish, Wings & Tings and KaoSarn have both successfully traded within the Village since approximately 2011/2012.
DESCRIPTION
An established and fully fitted restaurant business arranged over ground floor level extending to approximately 198 sq ft internally, together with a substantial covered external seating area.
The premises currently provide approximately 8 internal covers together with approximately 28 covers externally beneath a covered seating area, creating a strong year-round trading environment.
The unit benefits from a full extraction system together with a rare gas connection, both of which are increasingly difficult to secure within Brixton Village. The premises are fully fitted and equipped for immediate operation and benefit from an established trading layout suitable for dine-in, takeaway and delivery operations.
BUSINESS
Mama Lan is a long-established and highly regarded restaurant brand which has successfully traded from this location for approximately 14 years. The business generates annual turnover in the region of £260,000 per annum and benefits from a strong local following together with an established reputation within the London casual dining market.
At one stage the brand successfully operated from multiple London locations, demonstrating the wider scalability and operational viability of the concept.
The business is being offered for sale due to the owner’s planned relocation abroad. The opportunity includes the benefit of the existing trading brand, goodwill, intellectual property, fixtures & fittings and operational infrastructure.
NOTE: The existing owner stepped away from the day-to-day running of the business in 2022 in order to focus on another venture. Since then, the restaurant has been operated predominantly by the existing staff with no dedicated General Manager in place, presenting a clear opportunity for an owner-operator or experienced operator to drive the business forward and improve performance.
Historically the business has traded very strongly, achieving turnover in excess of £400,000 in 2021 and peaking at approximately £600,000 prior to this. The current owner believes there remains significant scope to increase sales through more hands-on management, improved operational oversight and an enhanced delivery and marketing strategy.
ACCOMMODATION
CAPACITY
Internal Covers: Space for 8 covers
LEASE
Available by way of an assignment of the existing lease.
It is our understanding that a lease extension may be available subject to landlord approval and negotiation. Further lease details available upon request.
BUSINESS RATES
LICENCE
The premises benefit from a premises licence permitting restaurant, takeaway and alcohol sales. Further details available upon request.
PREMIUM
Offers in excess of £75,000 invited for the benefit of the business, brand, goodwill, lease and fixtures & fittings.
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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