Restaurant for sale in Ilford with modern dining space and potential for new ownership.
Ilford, London
- Status
FOR SALE
- Advert ID
659823
- Leasehold: £150,000
- Rent: £27,540 (£2,295 per month)
- Turnover: £180,000 (£3,462 per week)
- Profit: Not Applicable
Key Features
- Growth potential for new owner
- Growth potential in retail
- Low competition in area
- High-quality equipment and assets
Business Details
Restaurant for sale in Ilford
This is a rare chance to take over a thriving restaurant in the heart of Ilford. The business has been trading for 3 years and has built a strong following of regulars and newcomers alike, many of whom find it through excellent word of mouth and consistently strong online reviews.
The restaurant currently offer lunch, dinner and some takeaway services, with steady trade throughout the year. The dining room seats 21 guests in a modern and relaxed setting, and large front windows add to its kerb appeal and make it a busy spot in the warmer months.
Food is prepared in a well equipped commercial kitchen that includes extraction, commercial range cooker, ovens, food warmers, drinks chillers, freezers and fridges. It is built to handle busy services comfortably. All fixtures, fittings and equipment are included in the sale.
The premises are held on a 12 year lease at a rent of £27,549 per annum. The property also includes 1 public toilet and 1 staff toilet, a large storage room, which offers further flexibility.
A new owner will find several clear opportunities to grow the business. They could extend opening hours, add a brunch or Sunday service, expand catering and private events, or invest in delivery and social media marketing, which has had little focus so far.
The owner is selling because of other business commitments and will agree on handover support to ensure a smooth transition.
This is an excellent opportunity for an owner-operator, an experienced restaurateur or a growing hospitality group to acquire a proven business with a strong reputation in a desirable location.
*Viewings strictly by appointment. Please do not approach staff directly.*
Map
What's Nearby
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
