Modern British Restaurant in Northampton - 60 Covers, 6yr Lease, £130k, Growth Potential
Northampton, Northamptonshire
- Status
FOR SALE
- Date Submitted:
08/07/22
- Advert ID
298491
- Reference
12470 / Rightbiz
- Call Agent:
- Leasehold: £70,000
- Rent: £20,000
- Turnover: On request
- Net Profit: On request
Key Features
- Adjacent to Multiple Retailers
- Free of Tie Leasehold
- Attractive Business
- Town Centre location
- Established Business
- Close to Local Amenities
- Split Level Trading Area
- Currently Closed
- Potential for Alternative Use
- Fully Fitted
- Prime Location
Business Details
Modern British Restaurant, Northampton
- Leasehold Opportunity
- 10-year lease (6 years remaining on current)
- Renewable Lease (Inside the L&T Act 1954)
- Rent £20k P/A
- Turnover c. £130k, with potential to increase
- Net Profit c. £13k (Adjustments to be made)
- 55 -60 Covers - Comprises over 3 floors
- Open Plan Kitchen
- Top Level Fixtures & Fittings included
- High Street Location (Approx. 1 mile from town centre)
- Established Clientele - Potential for further growth, if desired
- Priced at £70,000 to included the leasehold, F&F, Equipment and goodwill.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Send a test amount before you consider handing over a large amount 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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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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
