Licensed Pub, Restaurant, and Shisha Lounge with Flats in Wisbech for Sale
Wisbech, Cambridgeshire
- Status
FOR SALE
- Date Submitted:
04/03/24
- Advert ID
607726
- Reference
WISBECH_PUB_RESTAURANT_SHISHA_LOUNGE / Rightbiz
- Call Agent:
- Leasehold: £100,000 (Stock at valuation)
- Rent: £19,200
- Turnover: £400,000 (£7,692 Per week)
- Net Profit: Not Applicable
Key Features
- High Turnover
- Potential for Alternative Use
- Fully Fitted
- Established Business
- Town Centre location
- With Car Park
- Prime Location
- Attractive Business
- New Lease
Business Details
Pub & Restaurant for Sale in Wisbech with Shisha Lounge, 2 Separate Flats & Premises Licence
Pub & Restaurant with Shisha Lounge for Sale in Wisbech. 2 Separate Flats
MAIN FEATURES
- 2 Separate Flats Included (2-Bed & 3-Bed Flat)
- Large Restaurant with Outdoor Space for Shisha
- Circa 2,563 Sq. Ft
- Fully Equipped Commercial Kitchen
- Premises Licence in Place
- Car Parking Space Available for 80 Cars
LEASE DETAILS
- Lease Ending: August 2027
- Option of New Lease
- Rent Review : Every 5 Years
- Rent: 19,200 PAX (£1,600/month)
- Premium: £100,000 (Goodwill, FF&E, Lease) SAV
THE PREMISES
- Large Restaurant, Pub & Shisha Lounge
- Restaurant Covers: Circa 60
- Pub Covers: Circa 40
- Shisha Lounge: Circa 60
- Fully Equipped Commercial Kitchen
- Payable Business Rates: Circa £7,110/annum (Rateable Value: £14,250)
- Premises Licence in Place
- Current Permitted Hours : 11am -1 am
THE FLAT
- 2 Separate Flats
- 2 Bed-Flat: Rental income of £650 pcm
- 3-bed Flat: Rental income £1,100 pcm
THE LOCATION
- Wisbech , PE13
TRADING & FINANCIALS
- Gross Sales Revenue: We have been informed that this takeaway business generates gross revenue of circa £400,000 per annum (7,000 to 8,000/week).
- Currently Closed
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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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Do not 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 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
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
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