Two Thriving Leek Bars for Sale - Combined £100K Profit, Leasehold £120K
Leek, Staffordshire
- Status
FOR SALE
- Date Submitted:
23/06/23
- Advert ID
515454
- Reference
VX35038V / Rightbiz
- Call Agent:
- Leasehold: £120,000 (Stock at valuation)
- Turnover: £340,000 (£6,538 Per week)
- Net Profit: Not Applicable
Key Features
- Company for Sale
- Offers Invited
- Fully Fitted
- Accounts Available
- Established Business
- Split Level Trading Area
Business Details
Exclusive Opportunity to Acquire Two Successful Bars in Leek, Staffordshire
Key Features:
- Thriving bars with strong reputation and trade figures
- Loyal local and tourist customer base near The Peak District
- Staff-run businesses for owner flexibility
- Combined annual profits of £100k for full-time owner-operator
- Prime location in bustling Leek town center with excellent transport links
A rare and confidential chance to own two thriving, complementary bars in a prime location.
Take advantage of this unique and confidential opportunity to purchase two popular and well-established bars in the heart of Leek, Staffordshire. These complementary businesses are being offered for sale as a going concern due to the owner's other business commitments.
Benefits of ownership:
Two thriving bars with strong trade figures and reputation
Loyal local customer base and tourist attraction due to proximity to The Peak District
Both businesses are largely staff run, allowing flexibility for owner-operators
Combined pre-tax profits of around £100,000 per year for a full-time owner-operator
Leasehold with 5-year renewable leases, each with a rent of £12,000 + VAT per annum
Small Business Rate Relief currently enjoyed by both venues
Prime location in the bustling town centre of Leek, Staffordshire
Excellent transport links, well-connected by the M6 and A523 with good public transport options
An attractive investment for anyone looking to enter the bar industry or expand an existing portfolio
Asking Price: Leasehold offers around £120,000 + SAV for the combined benefit of the leases, goodwill, fixtures, and fittings of both businesses.
Don't miss this confidential and rare opportunity to own two successful and complementary bars in a prime location. Get in touch with us to find out more and take the first step towards an exciting new venture in the hospitality industry.
By requesting information about this business, you agree to be contacted by EMF regarding this enquiry and other relevant opportunities. You may opt-out at any time. For more details on how we use your information, please refer to our privacy policy athttps://emfbusiness.co.uk/privacy
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01782 711022.
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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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