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Fully Fitted Italian Restaurant for Sale in Wakefield, Former Bank Location

Wakefield, West Yorkshire
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  • Status

    FOR SALE

  • Date Submitted:

    22/09/23

  • Advert ID

    600087

  • Reference

    590165 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £450,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Restaurants For Sale in Wakefield

CLOSED FULLY FITTED LICENSED RESTAURANT in Horbury for Sale.

Highly prominent former bank building in the heart of Horbury, tastefully converted into a unique restaurant and cocktail bar. The restaurant gained much recognition for its authentic Italian cuisine and excellent pizza’s, baked in a bespoke built, imported wood-fired oven. The property is offered freehold with vacant possession and comes fully fitted and equipped. Alternatively, the owners may consider offers from interested parties wishing to occupy the premises on a leasehold basis at an ingoing key-in premium (including fixtures, fittings and equipment) of £75,000. Annual rent expectation is £40,000 per annum on a FRI (full repairing and insuring) lease, for a length of term to be negotiated with the landlord.

The premises briefly comprise:
Ground Floor: Entrance to ground floor restaurant. Reception bar with seating. Main dining room easily accommodating 50+ diners. Pass through to open plan catering kitchen and brick built wood-fired pizza oven. The kitchen is comprehensively equipped with high quality, commercial catering equipment under a very high capacity, stainless steel hooded extraction system. Beer cellar. Ladies and disabled persons WC.
Stairs lead to a landing with gents WC and an additional food prep, pot-wash and / or dry goods storage, with several commercial quality vertical chillers.
First Floor: Elegant, open plan dining room which has folding doors separating the large room into two areas, enabling more private function areas if required. Projection screen. Wood fired stove in feature fireplace. Door through to cocktail bar with a glazed roof for lots of natural light and sliding doors leading to an outside terrace. External steel emergency stairs from the terrace to a ground floor exit to the street. Additional store room and managers office. EPC Band C.
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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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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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