Mediterranean Restaurant in Greater Manchester with High Turnover for Sale
City of Manchester, Manchester
- Status
FOR SALE
- Date Submitted:
12/09/23
- Advert ID
599275
- Reference
ID:3000 / Rightbiz
- Call Agent:
- Leasehold: £125,000 (Stock at valuation)
- Rent: £35,000
- Turnover: £732,790 (£14,092 Per week)
- Net Profit: On request
Key Features
- Established Business
- Offers Invited
- New Lease
- High Turnover
- Unique Business
- Accounts Available
- Fully Fitted
- Prime Location
Business Details
Mediterranean Restaurant For Sale Oldham Greater Manchester
Sovereign Business Transfer is delighted to market this highly rated contemporary restaurant situated near Oldham Greater Manchester. The restaurant was established by our client in 2009 and has been a popular eatery for local residents and tourists alike. The owners are only looking to sell the business to take a well-deserved retirement.
The restaurant is well presented and spacious catering to over 140 covers. Both the service and food are of a high standard which is reflected in the excellent online reviews. Customers also benefit from a takeaway option; trade is split 70/30 eat-in and takeaway. The menu is varied offering a range of speciality dishes and drinks as well as a set priced lunch option for customers on a budget.
The business benefits from social media accounts which could be expanded further to increase the restaurant’s online presence and attract new customers. There is also vast scope to expand the current limited trading hours together with introducing a delivery service to complement the takeaway element of the business.
The businesses’ current turnover is surpassing £732,790 and there is vast scope to increase this further. As previously mentioned growth could be amplified by offering deliveries, targeting local corporate organisations and outside catering events.
Established over many years, the owner has decided to sell the business due to retirement. This is an exciting opportunity for an enthusiastic new owner operator to take on a profitable and respected business which offers further potential for growth for what is already a thriving concern. Therefore viewing is highly recommended.
- Average Weekly Sales Circa £14,000 With High GP
- EBITDA After Adjustments & Directors Remuneration £100,534.00
- Vast Scope To Increase Turnover Via Online Delivery Apps
- Well Presented 140 Cover Restaurant
- Competitive New Long Term Lease Available
- Excellent Quality Inventory & Well Equipped Kitchen
- Competitive New Long Term Lease Available
- Genuine Retirement Sale
Contact Agent
Listing Statistics
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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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