Fully Refurbished 45-Cover Restaurant/Cafe with Alcohol License in Scottish Borders for Sale
Undisclosed, Scottish Borders
- Status
FOR SALE
- Date Submitted:
29/08/23
- Advert ID
518788
- Reference
1820 / Rightbiz
- Call Agent:
- Leasehold: £110,000
- Turnover: N/A
- Net Profit: On request
Key Features
- Close to Local Amenities
- Accounts Available
- Established Business
- Prime Location
- Attractive Business
- Town Centre location
- High Turnover
- Fully Fitted
- Retirement Sale
Business Details
Stunning 45 Cover Restaurant Cafe in Great Location Ref 1820
Central Business Sales is delighted to offer to the market a very rare opportunity to purchase a stunning 45 cover restaurant located in the popular Scottish Borders. The premises have been fully refurbished to a very high standard. The well established restaurant has been run by the same owner for over 10 years and is only being sold as he now wishes to retire.
The business has an excellent reputation and offers a full freshly prepared menu for breakfast, lunch and dinner. It benefits from an alcohol licence. The restaurant enjoys a loyal local trade throughout the year and is extremely busy with the many tourists visiting the area, especially in the summer months. The main tourist bus park is directly opposite the restaurant.
The large double front premises are in stunning condition, with the main seating area to the front along with a serving and preparation area. The large fully equipped kitchen lies to the rear. There are up to 45 covers in the main restaurant area plus the business has a licence for outside seating. All equipment, fixtures and fittings are included in the sale.
The business is being offered on a leasehold basis with 4 years left on the current lease and an extension available. Rent is £32,000 per annum. The business benefits from 100% small business rates relief. 100% rates relief applies under the Small Business Bonus Scheme.
A large, fully refurbished function suite with independent access, bar, stage and music/lights system may also be available under separate negotiation. It lies behind the restaurant premises and has a capacity of 60.
***PLESAE NOTE ALL VIEWINGS AND CONTACT MUST BE MADE THROUGH CENTRAL BUSINESS SALES***
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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.
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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