American Way, Popular American-Themed Restaurant in Sutton, London For Sale
Sutton, London
- Status
FOR SALE
- Date Submitted:
07/11/23
- Advert ID
602306
- Reference
B07629 / Rightbiz
- Call Agent:
- Leasehold: £120,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Highly rated American themed restaurant for sale
BusinessPlease quote reference B06729
CoGoGo are delighted to welcome to the market American Way, a highly rated restaurant and takeaway in Sutton, Greater London.
A restaurant has been trading from this location since 1973, with our clients taking over and rebranding to the current concept in 2018. The business has built up an excellent reputation and regular client base, and as seen by the online ratings and reviews, the business is extremely popular within the local community.
American Way has now come to the open market due to our clients desires to retire.
The business offers a comprehensive range of food, freshly prepared to order on the premises using local ingredients wherever possible. The menu includes;
- A massive range of Burgers
- Vegetarians Burgers
- Char Grilled Chicken Breast
- Mixed Grill
- Bangers & Beans
- Whole tailed Battered Scamp
- Sides
- Platters
- Dips
- Kids Meals
- Salads
- Milk Shakes
- Hot and Cold Drinks
The sale will include all social media platforms and the business enjoys good visibility online with impressive reviews.
Key selling points -
- Established business with an enviable reputation and many existing customers
- Prime trading position with loads of footfall and passing trade
- Current owners happy to offer a handover to ensure the continued success of the business
- Ideal owner managed or partnership business
- Advertising and Marketing campaign, a local leaflet drop usually yields good results
- Maximise the use of social media
- Website, ideally with gallery and online ordering facility
- Extend the opening hours
Location
American Way is located on The Broadway in Sutton.
The premises has eye catching signage and receives high levels of footfall and passing trade due to its location.
There is an allocated car parking space for one car behind the premises. In the evenings up to 4 cars can be accommodated.
There are a number of inexpensive public car parks within easy walking distance of the premises.
Premises
Ground Floor -
- Restaurant with 38 covers
- Open plan kitchen
- Comprehensively equipped catering kitchen and wash up area
- Customer toilets
- Useful store room with perimeter shelving and floor storage space
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 20 year lease. The rent is £19,000 (includes VAT) per annum.
Hours
The current trading hours are -
Monday to Sunday - 11:00am - 10:00pm
Staff
We are advised that the business is run and managed by the owners, with the help of 6 other staff members.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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
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