Reduced Price, Rapid Sale - Profitable Italian Restaurant in Boothstown Manchester
Boothstown, Manchester
- Status
FOR SALE
- Date Submitted:
30/06/23
- Advert ID
515912
- Reference
BJG231014 / Rightbiz
- Call Agent:
- Leasehold: £180,000
- Rent: £32,000
- Turnover: £385,000 (£7,404 Per week)
- Net Profit: On request
Key Features
- High Turnover
- Attractive Business
- Prime Location
- Established Business
- Price Reduced
- Town Centre location
Business Details
*** Reduced for a Quick Sale *** Well established, Profitable Italian Restaurant For Sale
Please act quickly to view this business as we have significantly reduced the price to facilitate a quick sale. This opportunity will not be around for long! We present a well-established, profitable Italian restaurant for sale. A licensed, leasehold business that has 5 years remaining on the lease. The Ristorante, established 10 years ago, has developed into a great business over the 10 years of trading. Showing continuous growth and even during lockdown by turning a profit. The business consists of a 70 cover restaurant area with a bar area and outdoor terrace.
Recent investment in the Ristorante allowed for upgrades to kitchen equipment and dining room furniture meaning that the regular customers are well catered for. Further investment created an outside terrace that allows al-fresco dining in the warmer months.
The Ristorante is in an up and coming area in the suburbs of Manchester. A short drive from the motorway and close to the East Lancs road. There is easy access from a busy main road and is presented near a very popular RHS garden bringing in more potential clients. Benefitting from a shared car park there is great access from the main road and the location couldn’t be better. Regular repeat custom from local customers delivers regular income and the location benefits from 2 large ‘chain’ hotels within a short distance, bringing ad-hoc, additional business.
The ristorante presents a great opportunity for growth. Current trading hours are 6 days a week only in the evenings. The profile of the business has further been enhanced with recent exposure on local food influencer Instagram sites. Although still, since the Covid lockdown, operating a takeaway service they do not currently offer delivery – this will be a good way to grow what is already a profitable business. The current owners have made a conscious decision to only do takeaway ensuring they control the quality of the food that leaves the kitchen.
The business represents a great opportunity to acquire a well run Ristorante with a fantastic reputation.
Trading Hours: Tuesday to Saturday 1700 - 2200
Sunday 1500 – 2100
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.
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