Newly Established Afro-Caribbean Restaurant & Bar with Sublet Potential in Sheffield For Sale
Sheffield, South Yorkshire
- Status
FOR SALE
- Date Submitted:
18/03/24
- Advert ID
608377
- Reference
B07917 / Rightbiz
- Call Agent:
- Leasehold: £199,999
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Newly Established Afro Caribbean Restaurant and Bar For Sale
BusinessPlease quote reference B07917
CoGoGo are delighted to welcome to the market EMZ Lounge, a highly rated Afro-Caribbean restaurant, lounge and bar based in Highfield, Sheffield.
EMZ Lounge was established by our client in 2023 who built up an extremely loyal customer base and excellent reputation within the area.
The business now comes to the market due to our client’s desire to explore new ventures.
EMZ Lounge specialises in delivering an exceptional dining experience that combines the vibrant flavours of the African and Caribbean intercontinental culinary expertise. Known to be one of the top African-Caribbean restaurants in Sheffield, they are a passionate team dedicated to providing anyone with a memorable, mouthwatering and flavourful experience.
The business portrays a welcoming and vibrant atmosphere, where the polite and friendly staff members are devoted to ensuring you are provided with the utmost comfort and satisfaction throughout your time at Emz Lounge. They provide versatile settings for intimate dinners, special occasions to spirited family and friend gatherings and offer the perfect setting to relax, unwind and enjoy the inviting flavours of the Caribbean.
EMZ Lounge have their own dedicated website, highlighting the appetizing menu, live entertainment, future events, and also offer a table reservation service allowing you to book in advance for a significant cherished event.
The restaurant provides a delivery service from UberEats and Just Eat so you can be in the comfort of your home enjoying the palatable Afro-Caribbean Dishes.
The business advertises on social media platforms such as Instagram, Facebook and Twitter pushing their promotion towards all ages, this can be improved further with regular posts and activity to further publicise the business and increase the already great turnover.
Above the restaurant, lounge and bar are 6 bedrooms which are suitable to be sublet by the new owner, generating additional income.
Location
EMZ Lounge is an intercontinental restaurant, lounge and bar in Highfield, Sheffield, UK.
This business is also closely located near Sheffield United's Bramall Lane Stadium.
Premises
Ground Floor
- Main Restaurant
- Kitchen
- WC
- 6 bedrooms (which you can sublet)
- Ample parking to the right of the building (which generates additional revenue for the owners)
Tenure
This opportunity is being sold on a Leasehold basis with 2.5 years remaining on the lease. The advised rent is £3,500 per month.
Hours
The premises license allows trading from 12:00pm to 3:00am, so any new owner can adjust the opening times to suit their business needs.
Staff
The business is run and managed by our client.
Financial Profile
The forecasted turnover for the next 12 months is within the region of £250,000. Full financials can be made available upon further request.
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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