Prime Shanklin Italian Restaurant with Flat for Sale
Shanklin, Isle of Wight
- Status
FOR SALE
- Date Submitted:
23/03/23
- Advert ID
510503
- Freehold: £420,000
- Turnover: On request
- Net Profit: On request
Key Features
- Established Business
- Potential for Alternative Use
- Retirement Sale
- Prime Location
- Attractive Business
- High Turnover
- Fully Fitted
- Accounts Available
- Unique Business
Business Details
Italian restaurant + flat in a prime location
This is a unique opportunity to own a well-established and extremely busy Italian restaurant set in the heart of Shanklin's Old Village on the Isle of Wight. Booming with tourists during the summer months, the restaurant also has a great local trade over the winter. The freehold is for sale due to retirement.
The restaurant is split over three floors. The ground floor consists of a dining area, a stocked bar, a fully fitted kitchen, and a outbuilding/store room. The first floor has customer toilets and a door to enter the flat, which has a dining/living room and kitchen. The second floor consists of two large bedrooms and a bathroom.
This restaurant has a high turnover and during the season queues form at the door. It is consistently fully booked throughout. There is no chain, so you could be in time for the coming season to open the doors and start making money.
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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.
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