Rooftop Cocktail Bar & Grill in Hull City Centre - Leasehold Business for Sale
Hull, East Riding of Yorkshire
- Status
FOR SALE
- Date Submitted:
28/02/22
- Advert ID
291316
- Leasehold: £240,000
- Rent: £12
- Turnover: £750,000 (£14,423 Per week)
- Net Profit: £250,000 (34% Profit margin)
Key Features
- Unique Business
- Established Business
- Close to Local Amenities
- High Turnover
- Prime Location
- Town Centre location
- Accounts Available
- Fully Fitted
Business Details
Leasehold cocktail Bar and Grill Rooftop Restaurant For Sale in Hull
Rooftop cocktail bar and grill restaurant for sale - leasehold
The restaurant has been established for three years. It is in Hull, East Riding of Yorkshire. The restaurant is in the heart of the city centre. It is next to local amenities: hull new theatre, art gallery, art museum, train station city centre and full bus route links.
The restaurant is on the 12th floor of the K2 tower. There is no surrounding competition. It has the highest 360° view of the Hull city centre from the restaurant. We also have a rooftop garden and a cocktail bar.
The leasehold of the business is for sale. We are accepting offers in the region of £240,000. The sale includes fixtures, fittings, and stock. The yearly turnover of the business is £700,000.
We have been earning a steady £10, 000 - 15000 weekly since we have opened. This is while trading only five days a week, there's potential to extend the hours. There is potential for further growth as we have not invested in any marketing yet, huge potential to increase to £25,000 a week.
The current opening hours are 11 am- nine pm (we are licenced until two am). We are open five days a week - Sunday and Monday closed. The reason behind the sale is that I have split up with a partner. I want to take another direction and start a new business venture.
We have a staff of 10 employees. We have a social media presence on Facebook with 8000 followers. We also have a website of our own.
It is a great opportunity for the right person to take this business to the next level. The sale also includes training for the new owners.
Get in touch for more information.
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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.
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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.
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.
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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.
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.'.
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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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