Independent Cocktail Bar in Prime Riverside Bedford Location for Confidential Sale
Bedford, Bedfordshire
- Status
FOR SALE
- Date Submitted:
12/04/24
- Advert ID
609726
- Reference
VH452B / Rightbiz
- Call Agent:
- Leasehold: £125,000 (Stock at valuation)
- Rent: £14,500
- Turnover: £119,000 (£2,288 Per week)
- Net Profit: On request
Key Features
- Attractive Business
- Offers Invited
- Adjacent to Multiple Retailers
- Fully Fitted
- Close to Local Amenities
- Split Level Trading Area
- Prime Location
- Open Plan Trading Area
- Accounts Available
Business Details
RIVERSIDE BEDFORD, CONFIDENTIAL SALE OF INDEPENDENT COCKTAIL BAR
This independent high end cocktail bar is based in one of the prime locations in Bedford on the river. It’s concept was designed and has been built from scratch by our clients with considerable personal investment. This is a rare and fantastic opportunity for a ‘hands on’ Owner/Operator to take on an already popular going concern in one of the most sort after locations in the town.
The business produces a healthy turnover and is a quality proposition. Financial accounts show turnover in the first full trading year of £119,000 opening only 4 evenings per week and the occasional Sunday. The turnover for the business has increased so far this year by 50% with a predicted £60,000 increase in turnover for the next financial year.
This popular business has built a great reputation with an emphasis on a friendly, professional service, quality locally sourced ingredients where possible and a cocktail menu that is second to none. Boasting top customer feedback across all of the review sites, this business would suit an owner operator/couple who would like a lifestyle change managing their own business. Which would also help to bring down the wage bill.
Price to include the goodwill of this going concern, the assignment of the commercial lease and the entire inventory of trade fixtures, fittings and equipment.
Contact Agent
Listing Statistics
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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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