Buy Award-Winning Restaurant & Bar Plus Family Home in Rochdale, Expansion Potential
Rochdale, Manchester
- Status
FOR SALE
- Date Submitted:
26/01/24
- Advert ID
605663
- Reference
ID3026 / Rightbiz
- Call Agent:
- Freehold: £595,000 (Stock at valuation)
- Turnover: £210,000 (£4,038 Per week)
- Net Profit: On request
Key Features
- With Car Park
- Town Centre location
- Established Business
- Fully Fitted
- Large Business for Sale
- Prime Location
- Accounts Available
Business Details
Award Winning Restaurant & Bar with Family Accommodation For Sale Rochdale
Sovereign Business Transfer is delighted to present an extraordinary investment opportunity in the heart of Newhey, Rochdale.
This award-winning restaurant and bar combines culinary excellence with a thriving business model. Boasting an impressive annual turnover of £210,000, this establishment has become a local favourite, recognised for its exceptional service, theme nights and culinary offerings.
With a robust annual turnover, this business demonstrates a solid financial foundation and promising returns on investment.
The property (554m2) includes a spacious first floor three-bedroom family accommodation, providing a comfortable and convenient living space for the owners or management.
The property presents an exciting opportunity for expansion, with the potential to develop the third floor into additional living accommodation or self contained lettings. We have also been advised by our client that the premises lapsed planning permission for seven apartments.
Normally planning permission will be granted again but there are circumstances where this may not be the case. For example, if the planning policies of the Council have changed in the intervening 3 years or the Government introduces new legislation that changes the outcome of the process.
In summary, this is a rare chance to acquire a thriving business with immense potential for growth and expansion. Whether you are an experienced restaurateur looking to enhance your portfolio or an investor seeking a lucrative venture, this opportunity should not be missed.
Please note we have been advised by our client that the property apportionment of the sale will be subject to VAT.
For further information or to arrange a viewing, please contact Sovereign Business Transfer.
- Award Winning Establishment
- Trip Advisor #1 of 30 Bars in Rochdale & #1 of 129 Restaurants in Rochdale
- Spacious Property With 3 Bed Living Accommodation
- Vast Scope To Develop Third Floor
- Genuine Reason For Sale – Change In Lifestyle
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
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
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
