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Leasehold Asian restaurant for sale in Welling with spacious kitchen and outdoor seating.

Welling, London
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  • Leasehold: £70,000
  • Turnover: £260,000 (£5,000 per week)
  • Profit: Not Applicable

Business Details

LEASEHOLD ASIAN RESTAURANT

ADVERT TEXT
LEASEHOLD ASIAN RESTAURANT

LOCATION
Prominently located in the heart of central Welling, this property benefits from a strategic position near Welling Corner and the bustling intersection of Bellegrove Road, Welling High Street, and Upper Wickham Lane. The convenience of Welling mainline railway station, just a short walk away, offers direct services to Central London in approximately 30 minutes, enhancing its appeal for both customers and employees.
The surrounding area is not only densely populated but also boasts a diverse mix of commercial and retail establishments. Notable operators such as Lidl, Morrisons, and Tesco are in close proximity, offering generous parking facilities for 2 to 3 hours free, with no purchase necessary. Additionally, the area is complemented by numerous well-established independent businesses that cater to the local community, contributing to a vibrant and thriving economic environment.

BUSINESS
Extensively renovated and impeccably fitted out in a contemporary, appealing style, this property currently operates as a central Asian Restaurant, a thriving establishment since November 2024. The business enjoys a loyal clientele, benefiting from repeat diners, foot traffic from passing shoppers, and a strong local customer base retained from its successful predecessor, which functioned as a British breakfast café.
The premises, spanning approximately 100 sq m (1,075 sq ft), are designed to accommodate a diverse range of culinary concepts, making them highly suitable for various restaurant, café, or takeaway ventures. With extended opening hours from 7 AM to 10 PM, seven days a week, this opportunity presents an ideal setting for restaurateurs looking to capitalize on a growing market.

TURNOVER
We are advised that the business currently takes £5,000 pwk @ 65% GP.

STAFF
Family Run

HOURS
Currently opening 12:00pm - 10:00pm Weds - Mon (Closed Tues)
The business did open at 7am in the past when operating as a cafe.

PREMISES
Attractive double-fronted glazed and aluminium shopfront with electric security shutters, tiled flooring, suspended ceilings and a stylish fitted bar and service counter. Main dining area provides seating for approx 60 customers, with additional forecourt seating for up to 16 customers. Separate ladies’ and gentlemen’s toilets, each fitted with a WC and hand basin.
Spacious open-plan commercial kitchen equipped with principal appliances and facilities required to prepare a broad range of British and international cuisines. Kitchen connects directly to an external storage building and a generously sized Rear Garden which offers further potential to create an additional covered dining area accommodating approx 20 customers.
All fixtures, fittings and equipment included in the sale are owned outright. Parking is at the neighboring church for an annual contribution of approximately £150.

TENURE
Approx 14 years remaining on original lease. Rent £18,500 per annum. (3 year reviews)

EPC RATING
Band C

BUSINESS RATES
Approx £3,000 per annum. payable

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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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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.

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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.

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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.

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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.'.

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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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