Profitable Restaurant & Bar in Herefordshire's Cathedral City Centre with 60-Person Garden for Lease
Hereford, Herefordshire
- Status
FOR SALE
- Date Submitted:
10/03/23
- Advert ID
509666
- Reference
87462 / Rightbiz
- Call Agent:
- Leasehold: £10,000
- Turnover: Not Applicable
- Net Profit: On request
Key Features
- Town Centre location
- Established Business
- Prime Location
- Free of Tie Leasehold
- Offers Invited
Business Details
HEREFORDSHIRE CATHEDRAL CITY CENTRE RESTAURANT & BAR
Cathedral City Centre Restaurant & Bar
Split level trading areas (60 )
Courtyard trade garden partially covered (60 )
Well established business
Turnover £280,000 per annum net of VAT
Favourable private free of tie lease
Currently closed
The Cathedral City of Hereford stands astride the River Wye and is also the County Town. It is famed for its Cathedral which attracts many visitors throughout the year, particularly those coming to visit the Mappa Mundi Centre which houses the oldest known Map of the World.
The city which has a population in excess of 60,000 also has a vibrant city centre with many businesses, shops and licensed premises centrally located there. It is also an excellent base for those not just visiting the city, but also the Wye Valley, Forest of Dean, Brecon Beacons and Shropshire Hills.
Gilbies is a well established business located in an interesting courtyard created by a Church and its former Vicarage in the main pedestrianized centre. It has been operated under the current brand and style of business for in excess of 30 years as a chameleon style operation as a café bar with casual dining by day and a bar and restaurant by evening. It has now regrettably closed for trade as of October 2023.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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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.'.
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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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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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