Featured Brokers
CONFIDENTIAL SALE
FOR SALE
28/03/24
608918
BPD231181 / Rightbiz
• Rare opportunity to acquire a highly successful restaurant & bar business, sales £1.1m.
• Prime Location, in a busy city centre street with high footfall traffic
• Well established restaurant, 2 bars, upstairs, downstairs, outside deck, seating c130 guests.
• Fully refurbished, kitchen, with modern equipment & furnishings.
• Licenced business offering fine wines, premium spirits & beers.
• Excellent venue to hold party gatherings, celebrations, themed events, live music.
• Outstanding reputation, with excellent online reviews.
This restaurant is a haven for lovers of Mediterranean cuisine. It offers an enticing menu filled with authentic flavours, where simplicity, fine ingredients, and a dash of tradition converge to create unforgettable dishes.
The restaurant boasts an inviting interior with rustic brick and wood elements, ensuring a warm and stylish dining experience, whereby guests revel in an atmosphere that exudes authenticity and comfort.
This licenced restaurant operates seven days a week, up to 11 pm and has extended hours to 12.30am. It also offers delivery services, enhancing its reach and revenue potential to the wider community wanting a taste of authentic cuisine.
It can accommodate up to 70 guests downstairs and an additional 60 upstairs, making it perfect for a variety of gatherings, from intimate dinners to large celebrations. The upstairs area even features an open decked space for alfresco dining.
The upstairs space is ideal for hosting special events, having its own bar, to host private parties to live music performances, adding to its revenue streams and community engagement.
Substantial investments have been made in modernizing and upgrading the establishment, from furniture and lighting to kitchen equipment and security systems. The infrastructure, including electrical, fire alarms, drainage, and plumbing systems, is meticulously maintained.
Business turnover is c£1.1m and this is a leased property with 10 years remaining. Financial details can be exchanged with serious buyers after signing an NDA. The current owner is selling to pursue other business interests and would be willing to support a handover of the business to a new prospective buyer.
Contact us today to learn more about this exciting opportunity.
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
Get Solicitor
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