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Family Operated Restaurant Westbourne

Bournemouth, Dorset
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Family Operated Restaurant - WestbourneFamily Operated Restaurant - WestbourneFamily Operated Restaurant - Westbourne
  • Status

    FOR SALE

  • Date Submitted:

    07/06/21

  • Advert ID

    277743

  • Reference

    H4849 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £130,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Key Features

  • Price Reduced
  • Established Business
  • Fully Fitted

Business Details

Family Operated Restaurant Westbourne

Goadsby Commercial present extremely successful family operated Mediterranean restaurant in prominent location. Substantial turnover and established clientele with potential to expand. Comprehensively fitted and equipped. External patio covers with canopy for al-fresco dining.  Genuine retirement sale.

LOCATION
Prominent Westbourne corner location. Fronting municipal car park. Fashionable shopping location. Bournemouth approx. 1 mile. Alum Chine Beach approx. 1 mile.

SUMMARY OF ACCOMMODATION
Restaurant (up to 55 covers). Kitchen. Cloakrooms. Large Basement with Dessert Room. Large Store Room. Chiller Room. Pump Room. Office. 30 outside covers.

DESCRIPTION
Double doors into Lobby. Double doors into Restaurant with laminated wooden floor, suitable for up to 55 covers, granite tables with metal legs, upholstered wooden chairs, feature low level ceiling lights, wall murals, tiled bar servery counter, double glass fronted chiller and triple glass fronted chiller, single drainer sink unit, coffee machine, coffee grinder, hot water urn, electronic cash register, insectocutor, fire alarm control panel, waiter station. Through into Lobby with fire exit and door into Kitchen with commercial dishwasher, deep bowl sink unit, wash hand basin, assorted stainless steel tables, double glass fronted chiller, microwave, 2 chiller counter units, pizza oven, double chiller unit, insectocutor, chest freezer, microwave, toaster, double deep fat fryer, charcoal grill, 6 burner gas oven, gas range with oven under, extensive extraction system above, plate warmer. From Lobby into Ladies Cloakroom with low level WC, wash hand basin. Gents Cloakroom with low level WC, wash hand basin. Stairs down from Lobby into Basement with Dessert Room with chiller cabinet, assorted stainless steel tables, microwave, ice machine, single drainer single bowl sink unit, stainless steel wash hand basin, chest freezer. Door into Large Store Room with shelving, double chiller unit, 5 chest freezers.  Door into Chiller Room with storage. Door into Pump Room.  Office. Outside Outside terrace seating for up to 30 patio covers with retractable canopies.

TRADING & BUSINESS
The owners inform us that the restaurant trades in the daytime 7 days a week and in the evenings Wednesday to Saturday inclusive. We have been provided with accounts that show in the year ending 31st October 2019 the turnover achieved was £475,409 excluding VAT with a Net Profit of approximately £50,000. Further accounts can be made available to genuinely interested purchasers.

LICENCES/PERMISSIONS
We are informed that the property holds a Premises Licence granted by Bournemouth Borough Council.  The Licensing Act 2003 states that properties serving alcohol have a designated premises supervisor who must hold a Personal Licence.  We suggest that all purchasers take appropriate professional advice.  We have not had sight of this licensing documentation.

TENURE
LEASEHOLD.  The owners inform us that the premises are held under an original 15 year lease from 2007 at a current rent of £21,000 per annum with 5 yearly reviews. We have not had sight of this lease documentation.

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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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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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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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The data showed regarding this advert 'Family Operated Restaurant Westbourne - H4849 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.