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Vegan-Friendly, Highly Rated Moroccan Restaurant in London with 18-Year Legacy for Sale

City of London, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    22/04/24

  • Advert ID

    610116

  • Reference

    B07996 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £75,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Well Established Restaurant For Sale

Business
Please quote refernece B07996

CoGoGo are pleased to welcome to the market a highly rated Moroccan style restaurant in London.

The business has been under our client's ownership for the last 18 years, building up an excellent reputation and great customer base. 

Moorish Lounge now comes to the market due to our client's desire to explore new ventures.

This authentic Moroccan cuisine are known for their unmistakable style and mouthwatering flavours.

The business offers:

  • Breakfast
  • Lunch
  • Brunch
  • Sides
  • Desserts
  • Drinks / Juices
A set menu for events or gatherings can also be requested at a reasonable price.

Scope for further growth:

  • Advertising and Marketing campaign
  • Maximise the use of social media
  • Extend the opening hours
  • Introduce a customer loyalty card / scheme
The Moorish Lounge provides authentic Moroccan cuisine's packaged and blended in a modern, friendly setting. They also cater for vegan diets & offer healthy meal alternatives.

As seen by the fantastic reviews and ratings online the business has been striving for many years:

  • '' I highly recommend the restaurant for it's authentic Moroccan cuisine and atmosphere. The food is fresh and the flavours are wonderful. The chef if really pleasant and accommodating.''
  • '' Amazing food, lovely welcoming owner! Will definitely be returning.''
  • '' Wonderful owner and the food was incredible, all home cooked and flavourful. Great service and a brilliant place to dine.''


Location
Moorish Lounge is located in the heart of South London.



Premises
The business occupies a single fronted premises with bespoke signage displayed.



Tenure
This business is being sold on a Leasehold Basis with 10 years remaining on the lease. 

The current rent is £10,000 per annum.



Hours
The current trading hours are:

Monday to Friday - 6:00pm to 1:00am

Saurday - 5:00pm to 2:00am

Sunday - 6:00pm to 1:00am



Staff
The business is currently run and managed by our client with the help of 2 members of staff.



Financial Profile
The business achieved a turnover of £150,000.

Full financials can be made available upon further request.



Read more

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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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