Popular Oxford Restaurant for Sale, Includes 2-Bed Apartment on Cowley Road
Oxford, Oxfordshire
- Status
FOR SALE
- Date Submitted:
26/04/22
- Advert ID
294359
- Leasehold: £50,000
- Rent: £36,000
- Turnover: £250,000 (£4,808 Per week)
- Net Profit: £60,000 (24% Profit margin)
Key Features
- Potential for Alternative Use
- Fully Fitted
- New Lease
- High Turnover
- Offers Invited
- Prime Location
- Attractive Business
- Close to Local Amenities
Business Details
Very Well Established Restaurant with 2 bedroom apartment for Sale in Oxford, Cowley Road
The property is situated on the ground floor on the very popular Cowley Rd, Oxford with a 2-bedroom apartment above which includes a sizeable store room, shower room, balcony & kitchenette on 1st floor, and two bedrooms on 2nd floor all included in the rent allowing maybe a chef or staff to rent as required. The business is currently on a 7-year lease and has a break at the 5-year point and paying £3000 P/M with no business rates.
There are circa 28 - 30 covers set out inside and there is a small garden area at the rear which allows for outside service when the weather permits, gaining a further 15 covers
The presently operate with three full time staff plus part time staff during busy periods.
Opening hours are currently open five days per week (lunch and dinner) with obvious potential to increase hours.
The business is being sold with all equipment, including; a coffee machine, wine fridge, drinks fridge, ice maker, one x three door commercial fridge and one x two door commercial fridge, two x freezer, one x standing double freezer, standing double fridge & single fridge, flat top grill, display unit for pastries, three beer taps, new boiler installed 2021, pizza oven, double fryer, induction hob, plus all other equipment needed for an operational restaurant
The premisies is EHO compliant with all processes in place to achieve a 5* (current rating is 5*)
The property has also had a modern refurb within last three years, new wood-effect restaurant flooring, skirting, repainted walls throughout, new commercial kitchen flooring throughout the restaurant & stairways. All crockery, cutlery & drinkware has been replaced.
This great little business is really one of a kind and early viewing is highly recommended. Please call or email for further details or to arrange a meeting with the owner.
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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.
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.'.
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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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