Fantastic opportunity to own a very busy restaurant in Surrey
Undisclosed
- Status
FOR SALE
- Date Submitted:
29/11/21
- Advert ID
286724
- Reference
31081-198631 / Rightbiz
- Call Agent:
- Leasehold: £110,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Fantastic opportunity to own a very busy restaurant in Surrey
PRICE REDUCED
Restaurant prides themselves in serving most beautiful and authentic Italian Cuisine. They see food as art and as such take the time to prepare each dish they serve, like creating any masterpiece. Business has grown really well since the re open of the restaurants. Restaurant has been recently refurbished to very high standard. Currently enjoys a turnover of £10,000 per week with rent payable of £35,000 per year. Rent increases £5,000 each year until it reaches £50,000.
Selling due to family commitment.. Open to offers viewing highly recommended.
Restaurant was established on this location since last 10 years and was taken over by the owner in 2020 due to Covid Lock down. The restaurant was refurbished completely for re launch and it did amazing business since re open. Current owner has other family business commitment that is the reason he cannot give full attention to the business. Fully committed owner can take this restaurant to a different level.
Business has a sister restaurant in a different area, the Number 1 Restaurant according to Tripadvisor. New owner can take advantage of that as well as focus on delivery and takeaways more.
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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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