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CONFIDENTIAL SALE
FOR SALE
28/08/23
518761
This established business combines a bar & grill and barbershop, along with studio flats, all under one roof. Located in a prime location, it has been in operation for four years prior to me. However, as I am primarily from the construction and building trade, I believe that this multi-faceted enterprise would benefit from an owner with a background or experience in the catering industry. Currently, I am finding it a challenge to manage this business along with my original construction enterprise, prompting me to sell.
The leasehold price for the property is £450,000. The business itself brings in a steady weekly turnover of £5,500. Above, the four studio flats generate supplementary income of around £4,500 per month, which comfortably covers the monthly rent of the premises (£2,900) and the business rates.
The location is unparalleled. It is situated opposite a train station, close to the town centre, and near a bus station. Furthermore, it is a mere two-minute walk from a car park. The business faces little competition in the local area.
A key selling point is that all fixtures and fittings, all of which are brand new and of excellent quality, are to be included in the sale. The premises have been fully renovated and refurbished recently. The layout of the property places the bar & grill at the back along with an open barbershop at the front. The studio apartments occupy the upper storey.
The primary reason for this sale comes down to my ongoing commitments in the construction sector. The business currently operates between 12 p.m. and 12 a.m., with an extended license available till 2 a.m. on weekends. A dedicated team of four employees helps ensure the smooth running of the business.
In addition to its strong physical presence, the business maintains an online presence on Instagram. There is potential for significant growth with the introduction of a home delivery service, providing an excellent opportunity for a new owner with the necessary expertise and knowledge.
For complete details about this business opportunity, please feel free to contact me at your earliest convenience.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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