Herefordshire Village Unlicensed Restaurant for Sale - Ross on Wye, Easily Convertible Cuisine
Ross on Wye, Herefordshire
- Status
FOR SALE
- Date Submitted:
30/01/22
- Advert ID
289697
- Leasehold: £40,000
- Rent: £15,000
- Turnover: On request
- Net Profit: On request
Key Features
- Offers Invited
- Town Centre location
- Central Position in Affluent Village
- Close to Local Amenities
- Prime Location
- Nil Premium
- Open Plan Trading Area
- Unique Business
- High Turnover
- Fully Fitted
- Established Business
- New Lease
Business Details
UNLICENSED RESTAURANT FOR SALE HEREFORDSHIRE VILLAGE LOCATION
FINE DINING RESTAURANT FOR SALE - CURRENTLY SELLING INDIAN CUSINE CAN BE TURNED INTO TURKISH, ENGLISH, EUROPEAN, CHINESE CUSINE EASILY.
Excelent opportunity to obtain a high-quality fine dining restaurant. The place had a complete refurbishment and has a very high-quality fine-dining finish. It has a seating capacity of 60. We are currently trading six days a week and are closed on Mondays. The restaurant is open from six pm to 10 pm. The place does not have an alcohol license, nor does it provide takeaways. A alcohol license can be obtained from local council at extra cost of £250 which will make it a licensed premises boosting sales.
The rent is 15K per annum, with no business rates. The new owners will get the current lease which has 18 years to run. Accommodation can be provided in the form of a three-bedroom house upon request for £500 a month. It is less than a five-minute walk from the restaurant. The sale includes the complete equipment, furnishing, crockery, cutlery etc. It's just a simple takeover as it's a running business.
The new owners can easily obtain an alcohol license and double the turnover. They can also offer takeaway services and extend the opening hours to increase the turnover. The turnover is on average £3,000/4,000 per week in the wintertime. The takeover in the summer is around £6,000/7,000 a week.
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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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Don't 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 number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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.
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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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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.'.
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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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