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Fantastic & Reputable Vegan Restaurant in the Northern Quarter

Undisclosed, Manchester
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  • Leasehold: £450,000
  • Turnover: £1,000,040 £19,232 Per week
  • Net Profit: Not Applicable

Business Details

V Rev Vegan Diner is an extremely well ran business that has been run by the current proprietors for 10 years. The business has been placed on the market due to the current proprietor’s impending wish to retire from the licenced trade. The business currently trades 7 days a week for lunch and dinner service and its quality is reflected in the number of awards it currently holds such as 4 stars from Trip Advisor.

The business also further benefits from having an online ordering platform and a booking system on its website www.vrevmcr.co.uk

V Rev occupies and prominent terraced position on Edge Street in the heart of Manchester's vibrant Northern Quarter. The Property is a terraced lock up unit set over two floors. The ground floor comprises of a bar dining area, with a second large seating area. Inside the property currently has seating for 48 patrons. On the basement floor, you will find a fully fitted commercial kitchen which serves the restaurant area by way of a dumb waiter.

V Rev offers an extensive range of vegan fare. The business was established in 2011 by the current vendor. In 2016 the business was moved to the larger premises in Edge Street to cope with demand. The business further benefits from being signed up to Just Eat and Deliveroo.

The property occupies an enviable terraced location on the pedestrianized Edge Street. Externally the business benefits from having a full licence for outside dining. As such, V Rev has outdoor seating for 24 patrons, with several pop up gazebos and metal tables and chairs. The property is held on the English equivalent of Leasehold. We are advised the current lease has a period of 5 years remaining, with a monthly rental of £3500 inc VAT

The business trades with the benefit of a full Licence, and conforms to all fire regulations. The sale of V Rev Vegan Diner offers a rare opportunity to purchase a high quality, beautifully presented business which is trading well but with potential for expansion of the business. It benefits from its highly desirable location and reputation

Offers in the Region of £599,000 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation. An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.
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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.

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. Rest your password now.'.

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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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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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