FOR SALE
658040
Sugo82 is an established Italian street-food, private dining and catering business operating from a prime location within Netil Market in Hackney, East London. The business has built a strong reputation and loyal customer base around authentic Italian food and a distinctive, experience-led concept.
One of the key features of Sugo82 is its private dining experience, “The Terrazza”. This intimate dedicated space allows small groups to enjoy a four-course Italian sharing menu in a private setting, combining the vibrant atmosphere of one of East London’s best-known markets with the exclusivity and personal service of private dining. It is a highly distinctive concept and a rare offering within London’s street-food scene.
The private dining experience is particularly popular for birthdays, celebrations, date nights and special occasions, giving the business an additional revenue stream alongside its regular street-food operation and external catering and events.
The concept has also demonstrated significant social-media appeal. Sugo82 received major exposure after being featured by Secret London, with the content going viral and generating substantial interest in the business and its private dining experience. Its distinctive and highly visual concept makes it particularly well suited to social media, influencer collaborations and content-led marketing.
There is considerable opportunity for a new owner to build further on this exposure through collaborations with London food creators, influencers and lifestyle platforms, as well as increased private dining bookings, catering, events, delivery, extended trading and additional marketing.
The business benefits from the strong footfall generated by Netil Market and the wider London Fields and Broadway Market area, particularly at weekends. The surrounding area has an established independent food and drink scene which attracts both local residents and visitors.
The opportunity provides an incoming operator with an established business and operating model, together with the existing fit-out and equipment, supplier relationships, recipes, systems and online presence, subject to the agreed terms and inventory.
The owners have relocated to Italy, which is the reason for the sale. A comprehensive handover and initial training can be provided to ensure a smooth transition, including day-to-day operations, suppliers, systems, recipes and key business processes.
The opportunity is subject to the existing Joint Venture arrangements and approval of the incoming operator by the relevant parties. Further information can be provided to serious prospective buyers.
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.
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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.
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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.
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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