Mediterranean & Pizza Restaurant with Live Entertainment License for Sale in Isleworth, London
Isleworth, London
- Status
FOR SALE
- Date Submitted:
07/11/23
- Advert ID
602264
- Leasehold: £100,000
- Rent: £38,400
- Turnover: £180,000 (£3,462 Per week)
- Net Profit: On request
Key Features
- Established Business
Business Details
Restaurant Mediterranean and Pizza for sale with Live Entertainment License in Isleworth London
An established restaurant is up for sale, complete with live music and an entertainment license, in the heart of Isleworth, London. The business, which I have owned since its inception, has been running successfully for two years.
The current leasehold price stands at £130,000 with a turnover of £180,000, a figure projected to increase as we continue to establish ourselves. I am also open to accepting the nearest offer.
The locale is situated favourably with close proximity to Isleworth station, overground stations, and a nearby hospital. The restaurant is conveniently located on the main road at Bush Corner and close to public schools, ensuring a steady stream of customers. Additionally, the area promises a high footfall, with little or no local competition.
The sale will include all fixtures and fittings which have been recently refurbished and are worth around £200,000. The reason for the sale is a recent overseas job offer I received, compelling me to move abroad.
The restaurant operates from 9 am to 12 am daily, and on weekends extends its operation until 2 am. It has an A3 license and a live entertainment license for the weekends, valid until 12 am.
The team consists of 6 dedicated employees, and we are currently partnered with JustEat. We aim to expand our affiliations to include Deliveroo and UberEats, further establishing our footprint in the local area. Notably, we have a good presence established on Google search in the local area.
New owners will have the opportunity to receive training during the handover period. For a complete rundown of the business specifications, interested parties are encouraged to contact me.
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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.
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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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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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