Newly Established Pizza & Wine Restaurant in Northamptonshire for Sale - Growth Potential
Northampton, Northamptonshire
- Status
SOLD / WITHDRAWN
- Date Submitted:
12/05/23
- Advert ID
513136
- Reference
B07338 / Rightbiz
- Call Agent:
- Leasehold: £80,000
- Asking Price: £410,000
- Turnover: £187,500 (£3,606 Per week)
- Net Profit: Not Applicable
Business Details
Newly established Pizza and Wine restaurant for sale
Business***Leasehold price - £95,000+SAV***
Please quote reference B07338
Hilton Smythe are delighted to welcome to the market Sofra, an authentic Mediterranean Pizza and Wine restaurant in Northampton.
Sofra was established by our client in August 2022, building up an excellent reputation during its short time of trading. As seen by the online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the open market due to our clients desire to relocate.
Sofra specialise in delicious stonebaked pizzas featuring fresh ingredients, using locally sourced ingredients and baked to perfection with their wood fire pizza oven. They've also carefully selected a delicious range of wines to compliment the food.
Their restaurant has the perfect environment for large party bookings and can accommodate any special occasions or events.
They also offer a delivery service through Just Eat and Deliveroo.
Key selling points -
- Repeat custom
- Excellent reviews
- Alcohol licensed
- High foot fall location
- Would suit a partnership or family run business
- Increase marketing and advertising
- Expand menu
Location
Sofra is located on Harborough Rd, in Kingsthorpe, Northampton.
The premises has the entrance to the restaurant at the front with modern and bespoke signage and receives high levels of footfall and passing trade.
Premises
Ground floor -
- Seating area
- 50 covers
- Bespoke décor and lighting
- External garden area
- Service area
- 2 Bed flat currently rented out generating an income of £10,800 per annum (Seperate entrance to the rear of the business)
Tenure
We are advised that the business is being sold on a Freehold basis. A leasehold option is available at £95,000+SAV, with a mutually acceptable lease to be negotiated with the new buyer. Minimum of 5 years.
The 2 bed flat on the first floor generates an annual rental income of £10,800.
Hours
The current trading hours are -
Monday – 09:00 – 22:00
Tuesday - 09:00 – 22:00
Wednesday – 09:00 – 22:00
Thursday - 09:00 – 22:00
Friday – 09:00 – 22:00
Saturday - 09:00 – 22:00
Sunday – 10:00 – 22:00
Staff
We are advised that the business is run and managed by the owners, with the help of 4 full-time and 1 part-time staff members.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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
Contact seller
Advert pending deletion
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
Get Solicitor
