Northampton Spanish Restaurant & Tapas Bar on Sale - 5yr Est, £100K Negotiable, Incl. Stocks & Fittings
Northampton, Northamptonshire
- Status
FOR SALE
- Date Submitted:
10/04/23
- Advert ID
511420
- Leasehold: £100,000
- Turnover: On request
- Net Profit: On request
Key Features
- Established Business
- High Turnover
Business Details
Spanish restaurant Tapas bar in Northampton is for sale
Spanish restaurant/Tapas bar in Northampton, Northamptonshire is for sale. It has been established for 5 years and the current owner has owned it since the beginning. The asking price is £100,000 and is negotiable. All stocks, fixtures, and fittings are included in the sale.
The restaurant is well situated in a high footfall area with little or no competition locally. The turnover has been increasing over the last year and the opening hours are 5pm - 11pm, with Sundays closed. There is scope to expand the opening hours and provide a lunchtime service and open on Sundays.
The current owner is looking to improve their work-life balance with their children, which is the reason for the sale. There are 5 employees on board and a presence on Facebook. There is huge scope to expand the social media and online presence and the potential to start providing a delivery service. The current owner is willing to offer training opportunities to the new owners.
For complete details about this business please contact the current owner.
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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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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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