Confidential Licensed Korean Restaurant and Bar for Sale in Angel, Islington
Islington, London
- Status
FOR SALE
- Advert ID
656628
- Leasehold: £99,500
- Rent: £30,000 (£2,500 per month)
- Turnover: £406,127 (£7,810 per week)
- Profit: On request
Key Features
- Delivery service available
- Established online presence
- Dining experience with beverages
- Dining facilities available
Business Details
Confidential Licensed Korean Restaurant and Bar for Sale in Angel, Islington
A confidential opportunity to acquire an established and currently trading licensed Korean tapas restaurant and cocktail bar in the popular Angel and Islington area of North London.
Established in 2019, the business offers a distinctive combination of Korean small plates, cocktails and traditional Korean drinks. It benefits from an established local customer base, social media presence, online reviews and food delivery platform operations.
The business achieved sales of approximately £406,000 during 2025. Detailed financial information can be discussed with suitably qualified purchasers following a confidentiality agreement. No representation of net profit is being made in the public advertisement.
The premises provide a fitted bar, functional kitchen, customer dining area, bar seating, restaurant furniture and the principal equipment required for continued operation. A premises licence is in place for the sale of alcohol.
The proposed sale includes the trading business, goodwill, principal fixtures and fittings, furniture and key bar and kitchen equipment, together with an assignment of the existing lease. Lease assignment will be subject to landlord consent and the purchaser’s financial standing. A detailed inventory will be agreed as part of the transaction, with food and alcohol stock valued separately at completion.
The location benefits from proximity to public transport and a busy mix of shops, restaurants, bars, offices, residential neighbourhoods and local services. The surrounding market and leisure area attracts regular evening and weekend trade from residents, workers and visitors.
The opportunity may suit an experienced restaurant or bar operator seeking an additional London location. A purchaser could continue the existing Korean restaurant and cocktail-bar concept or introduce a new food and beverage offering, subject to the lease and relevant consents. There is further potential to develop takeaway, delivery, marketing and other revenue channels.
The asking price is £99,500, with reasonable offers invited.
A reasonable handover and training period can be agreed, including introductions to the menu, bar and kitchen procedures, suppliers, staff arrangements, point-of-sale system and online platforms.
The sale forms part of the owners’ wider business restructuring and a change in their future priorities. It is not a distressed or insolvency-led sale.
Further information, including the business identity, precise location, supporting sales information and lease documentation, will be made available to serious and suitably funded purchasers following an initial qualification process and, where appropriate, a confidentiality agreement. Prospective purchasers should not approach staff or visit the premises to discuss the sale without prior arrangement.
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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.
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