Scunthorpe Restaurants For Sale - Takeaway & Closed Dining, 6-Year Family Business, Refurbished
Scunthorpe, Lincolnshire
- Status
FOR SALE
- Date Submitted:
22/07/22
- Advert ID
299389
- Reference
588419 / Rightbiz
- Call Agent:
- Leasehold: £99,950
- Turnover: £650,000 (£12,500 Per week)
- Net Profit: Not Applicable
Business Details
Restaurants For Sale in Scunthorpe
RESTAURANT AND HOT FOOD TAKEAWAY in Scunthorpe for Sale.A reputable pizza takeaway with an attached restaurant (currently closed). CURRENTLY OPEN JUST FOR TAKEAWAY. This easily run, family business has been operated by our clients for six years and the premises underwent a refurbishment in 2019 at a cost of £60,000. The restaurant is currently closed but the fixtures and fittings remain, allowing for imminent re-opening. We understand the premises was licensed however this has now lapsed. Weekly Turnover £12,000 to £13,000. We understand that there is an uptick in orders during the winter months and takings can increase to approximately £15,000 and could be up to £20,000 if new owners were to open the restaurant and operate over seven days. CURRENTLY OPEN JUST 5 DAYS A WEEK. Year end accounts for 2021 show a operating profit in excess of £100,000 with a profit margin of around 35% to £40%. Our client chooses to take one month of holiday each year. There is substantial scope for growth with the re-opening of the restaurant and renewing the licence. The premises comprises of a customer waiting area, serving counter, takeaway preparation / kitchen area, main restaurant kitchen with almost brand new equipment, storage area and staff toilets. The restaurant is open plan with space for approx. 50 covers with a bar area and customer toilets. Located on the outskirts of the town centre opposite a large public car park which has two hours free parking and is free at weekends.
EPC Band C.
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Listing Statistics
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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.
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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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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