Korean Restaurant for Sale in Angel, Islington with Alcohol License and Walk-in Ready Setup
Islington, London
- Status
FOR SALE
- Advert ID
656671
- Leasehold: £139,500
- Rent: £21,000 (£1,750 per month)
- Turnover: £602,529 (£11,587 per week)
- Profit: On request
Key Features
- Leasehold arrangement available
- Attractive central location
- Excellent location for trade
- Attractive opportunity for buyers
Business Details
Confidential Established Korean Restaurant for Sale in Angel, Islington
Confidential Sale – Established Korean Restaurant in Angel, Islington
An excellent opportunity to acquire an established and currently trading Korean restaurant in the popular Angel / Islington area of North London.
The business is situated in a busy and well-connected location close to Angel Underground Station, Chapel Market and Upper Street, benefiting from strong residential, office, daytime, evening and weekend trade.
The restaurant is fully fitted and presented in walk-in condition, with a commercial kitchen, extraction system, dining furniture, fixtures and fittings and the equipment required for continued restaurant operation. The premises also benefit from a licence for the sale of alcohol.
Current monthly sales typically range from approximately £30,000 to £60,000, depending on the trading period. Further turnover information and supporting sales records can be made available to serious and financially qualified purchasers.
The business has an established customer base and online presence through social media, Google and food delivery platforms. It is suitable for continued Korean restaurant operation or potentially for another food and hospitality concept, subject to any required consents.
The proposed sale includes the goodwill of the trading business, fixtures and fittings and the benefit of the existing lease, subject to landlord approval where required.
The owners are selling as part of a wider restructuring of their business interests and to simplify their current business commitments. A reasonable handover period can be provided to assist the incoming owner with suppliers, systems and day-to-day operations.
Further financial information, lease details and viewing arrangements are available to serious purchasers on request. The sale is being handled on a strictly confidential basis, and interested parties are requested not to approach staff or the premises directly.
Offers invited.
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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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