Licensed Italian Restaurant with 6-Bed Accommodation in Hadleigh Essex for Sale
Hadleigh, Essex
- Status
FOR SALE
- Date Submitted:
01/12/23
- Advert ID
603394
- Reference
RX334665 / Rightbiz
- Call Agent:
- Leasehold: £139,950 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Business Details
ITALIAN RESTAURANT (LICENCED) + 6 BED ACCOMMODATION
ITALIAN RESTAURANT (LICENCED) 6 BED ACCOMMODATION - HADLEIGH - The premises is situated in a highly visible trading location, which provides high levels of vehicular passing trade. The premises has long been established as an Italian Restaurant, with our clients owning and operating the business for the last 6 years. Our clients have built up a fantastic reputation over their period of ownership, supported by a 4.5* Trip advisor rating, 4.6* Google review, 5.5* Qandoo rating and a 4.5* Facebook rating. The premises is fitted out to a good standard with quality fixtures, fittings and equipment all included within the sale price. We are advised Turnover averages £5,000-£6,000 per week, working to the usual high gross profit margins associated with the trade. Rent currently payable at £26,400 per annum however our client rents the accomodation above the business which generates a combined rental income of £4,200 per calendar month; meaning our client generates £50,400 from the rental income alone. Viewing advised.
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Listing Statistics
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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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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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