Busy Main Road Pub/Restaurant For Sale in Boston Lincolnshire, High Turnover
Boston, Lincolnshire
- Status
FOR SALE
- Date Submitted:
06/09/23
- Advert ID
599046
- Leasehold: £10,000 (Stock at valuation)
- Rent: £18,000
- Turnover: £129,350 (£2,488 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Fully Fitted
- Established Business
- Offers Invited
- With Car Park
Business Details
Pub and restaurant for sale on busy main road
A pub/restaurant currently with circa 50 covers in the main bar, and a further dining room which has been changed into a pool room but easily reverted back.
- Currently trading
- Turnover of £129,350 in first year of trading however scope to increase this massively
- Adjacent income already let and producing income of around £600/month!
- Freehouse
- Large car park allows us to host regular car and bike meets as well as overnight stays for motorhomes, trucks etc to boost footfall
- Flexible terms available
We took over the business in April 2022 but have taken the decision to part with it due to other business projects now taking up too much of my time.
There is a lot of scope for expansion including takeaway and delivery of food which we have trialled successfully, there is also an adjacent venue with a 250 person capacity that is regularly used for functions and events, many of which we hosted ourselves. We have exclusivity over the bar within that venue which can easily take 2-3k per night on event nights.
I am happy to assist with a transition period if required and we employ 5 staff currently although most are part time.
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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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