Up for Sale: Successful Italian Restaurant in Washington Tyne and Wear, Great Potential for Growth
Washington, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
24/01/24
- Advert ID
605562
- Reference
201505447 / Rightbiz
- Call Agent:
- Leasehold: £30,000
- Rent: £16,200
- Turnover: On request
- Net Profit: On request
Business Details
Now Reduced to £30.000 Business For Sale: Italian Restaurant, Spout Lane NE38 7HN
Business For Sale: Italian Restaurant, Spout Lane Washington NE38 7HN
Parker Barras are delighted to bring to the market this thriving Italian Restaurant in Washington. The restaurant opened in September 2023 and is for sale for genuine reasons. That’s Amore is located on Spout Lane and currently offers a range of Italian food such as omelette francese, pasta, risotto, and Pizza.
The restaurant currently operates 5 evenings a week and opens on a Sunday between 12pm and 3pm allowing for scope for growth.
We are advised from the owner that the weekly turnover is £4,500 - £5,000
The Restaurant has just over 4 years remaining on the lease, the current rent is £16,200 Per Annum.
A great opportunity for a first business.
For Sale - £30,000
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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.
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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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