FOR SALE
24/04/24
610304
579 / Rightbiz
This is a rare opportunity to acquire a popular Restaurant/Bar based in Margate, Kent. The business is available on a leasehold basis.
The business operates as a fashionable restaurant/bar venue selling the very best local produce, with the aim of creating a hub in the local community and bringing quality food at affordable prices to local people and tourists alike. The business is located on the Parade in Margate and offer a selection of Mediterranean small plate dishes that can be treated as a light bite or combined with other small dishes to create a meal. They are fully licenced and provide a good selection of beers & wines to their customer base to complement their food and create a pleasurable dining experience. They sell items from breakfasts, homemade pizzas, pastas, and salads, to burgers, fish and chips, vegetarian options and much more based on traditional recipes. It has received great reviews for its welcoming atmosphere and excellent quality food and drink. The cafe is open seven days a week and is a popular spot for locals and visitors alike.
The premises has been renovated to a high standard throughout as the current owner has skilfully combined the character features of the building with modern fixtures and fittings to create a comfortable, welcoming interior. The interior of the restaurant can accommodate 30 covers comfortably and there is also an outdoor seating area for up to 52 diners which is incredibly popular with tourists during the warmer months.
The business has been established since 2016 and has experienced substantial growth on an annual basis since then. They have built up an excellent reputation in their local community and are considered a household name in the town. They can also boast a loyal customer base which has resulted in a vast amount of repeat business which has led to impressive financial figures over a sustained period.
· High footfall and passing trade
· Highly sought-after location
· Loyal customer base
· 30 internal covers
· 52 external covers
· Alcohol licence
· All fixtures and fittings included
· Competitive lease
· Minimal competition
· High turnover - £280,241
· Huge potential for further growth and success.
· Parking nearby
It is with a heavy heart that the current vendor is selling due to personal reasons. Due to the location and impressive financial performance of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking an established business within the catering/licenced sector or an existing business looking for a lucrative acquisition.
We have already received a high number of enquires at this initial stage, so to avoid disappointment, please contact us for further information.
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 SolicitorThe data showed regarding this advert 'This is a rare opportunity to acquire a popular established Restaurant Bar based in Margate, Kent - 579 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.