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Profitable Vegan Restaurant Chain in Somerset, South West England with £2.7M Turnover for Sale

Undisclosed, Somerset

CONFIDENTIAL SALE

  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    16/08/23

  • Advert ID

    518239

  • Reference

    50042 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £4,000,000
  • Turnover: £2,702,949 (£51,980 Per week)
  • Net Profit: Not Applicable

Business Details

Chain of Vegan Restaurants South West England

Turnover of £2.7m for year-end 2022
Adjusted EBITDA in excess of £118k for year-end 2022
The business provides plant-based food options alongside fresh drinks.
To diverse revenue streams, an events catering venture has been introduced.
With delivery partners, the business managed to remain profitable during the
Covid-19 pandemic.
Having operated for over a decade, the business is well-established with a consistent client base.
Our client has a strong-second tier management team comprising of a CEO, a Head of Operations and Production Manager, among others
Kings Corporate are delighted to present Project Handel, a chain of vegan restaurants. The business is well-established and offers its food from numerous restaurants across the South West, making it an excellent acquisition. The vendors now wish to pursue other business interests, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a leasehold basis. Ref: 50042
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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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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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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

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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The data showed regarding this advert 'Chain of Vegan Restaurants South West England - 50042 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.