High Profit Licensed Seafront Restaurant/Cafe in Westcliff-on-Sea Essex For Sale
Westcliff on Sea, Essex
- Status
FOR SALE
- Date Submitted:
22/08/23
- Advert ID
518496
- Reference
RX286796 / Rightbiz
- Call Agent:
- Leasehold: £159,950 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Business Details
LICENSED SEAFRONT RESTAURANT CAFE REF: RX286796
LICENSED SEAFRONT RESTAURANT/CAFE - WESTCLIFF-ON-SEA - A wonderfully presented and very busy seafront restaurant/cafe trading from a highly enviable and sought-after parade, which is very well known, referred to as The Arches. Our clients have owned and operated the business since 2019 where they undertook a substantial refurbishment of the premises, fitting it out to a very high standard and are now bringing the business to market with a genuine reason for sale. The premises are held on a secure council lease, with the current rent payable at £11,670 per annum. The premises is wonderfully presented throughout, with a full complement of fixtures, fittings and equipment included within the sale price. The business benefits from low overheads along with zero business rates payable. Turnover averages £4,500 to £5,000 per week working to the usual high gross profit margins associated with the trade, with full financial information available following a viewing and meeting with our client. The business still leaves scope to increase on the established turnover by incorporating a delivery service, which our client has chosen not to do. Viewing advised.
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Listing Statistics
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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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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
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