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Profitable Vietnamese Restaurant with New Lease in Forest Hill, SE London for Sale

City of London, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    20/03/24

  • Advert ID

    608498

  • Reference

    BTB2311229 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £140,000
  • Rent: £22,500
  • Turnover: £316,000 (£6,077 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited
  • Established Business
  • Prime Location

Business Details

Fully fitted, Profitable Restaurant in Forest Hill SE London

Overview:

Name: Tru Restaurant

Business Type: Restaurant and Bar

Location: Forest Hill, SE London

Turnover: £158,000 – Last 6 months

Price: £140,000 (Reduced from £150,000)

Premises Highlights:

Fully Fitted: Modern equipment and furnishings meticulously maintained.

Prime Location: Strategically positioned near Forest Hill Train Station.

Capacity: 50 customers inside, 12 outside, featuring a licensed bar, restaurant, and inviting outdoor seating.

Growth Potential:

Turnkey Business: Ready for future success with minimal effort.

Delivery Platforms: Untapped potential – leverage platforms like Deliveroo and Uber Eats.

Extended Hours: Explore morning and afternoon services to capture additional clientele.

What Sets Tru Apart:

Quality & Creativity: Unique modern twist on Vietnamese cuisine, using authentic flavours and fresh ingredients.

Stylish Ambiance: Tastefully decorated interiors, seating for 50 guests, and a well-stocked bar.

Exceptional Dining: Outstanding service, friendly atmosphere, and a menu evolving with the seasons.

Business Strengths:

Strong Sales: Highly profitable with a turnover of £158,000 in the last 6 months.

Financials:

Lease: New 20-year lease signed on 25th May 2023, with an annual rent of only £22,500 VAT.

Rent Review: Next review in 2028.

Service Charge: £2,000 P/A

Business Rates: £3,750 P/A

Potential for Growth:

Delivery Platforms: Expand your reach and tap into a broader customer base.

Extended Hours: Capitalize on current opening hours: Tuesday - Friday 16:00 - 22:30, Saturday & Sunday - 12:00 - 15:00 & 17:00 - 22:30.
Morning & Afternoon Services: Capture the lunch and early dinner markets.

Don't miss out on the opportunity to own and grow a thriving restaurant in a prime location. Tru Restaurant & Bar is poised for success – a true gem in Forest Hill, SE London. Act fast to secure this turnkey business and elevate it to new heights!

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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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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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 amount 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.

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.'.

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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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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.

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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.

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