Popular Greenock Bar Restaurant, Tokyo Joes, with Consistent £550K+ Trade, Up for Sale
Greenock, Inverclyde
- Status
FOR SALE
- Date Submitted:
13/10/23
- Advert ID
601075
- Reference
SBA-0039 / Rightbiz
- Call Agent:
- Leasehold: £30,000
- Rent: £45,000
- Turnover: £550,000 (£10,577 Per week)
- Net Profit: On request
Key Features
- Town Centre location
- Fully Fitted
- Established Business
- Accounts Available
- Price Reduced
- Prime Location
- Close to Local Amenities
- Offers Invited
- Attractive Business
Business Details
Established Popular Bar Restaurant In Greenock town centre location
Well established venue in the heart of Greenock. Recently undergone full refurbishment.
Consistent trade upwards of £550k (NET of VAT).
Price reduced for a quick sale: £30,000
rent: £45,000
9 years remaining lease
rateable Value: £29,500
70/30 food-wet split
tied for draught beer and packaged products only
100 covers internally, sizeable 90 cover beer garden with scope for further development
2AM licence
Tokyo Joes is a well established eatery and bar in the heart of Greenock. Currently operated under management and leased from Rosemount Taverns with only draught lager tied, packaged products are tied however not enforced. It benefits from an attractive utilities contract with 5 years remaining on unbelievably low rates. This business is perfect for someone with experience looking to take their first steps into bar & restaurant ownership as it is currently profitable and under management. It would also work well for an existing operator with the appetite for expansion into other locations. In 2023 it won ‘Best Bar in Inverclyde’ by pub & bar magazine, going on to compete in the regional awards in the summer. The business specialises in a popular lunch menu, a-la-carte menu and extensive drinks/cocktail
offering. Coupled with the central trading location and attractive fit-out, the welcoming and warm service speaks volumes on many unsolicited reviews. Self-proclaimed best beer garden in Inverclyde! The name suggests Japanese cuisine, however the busines doesn’t currently offer it. With the current popularity of Sushi, and other authentic Japanese food this is just one of many potential additions for the restaurant’s already attractive offering. 70/30 Food-wet split.
The weekend bar/drink trade could be pushed more, there is also a function suite/area which is currently not actively marketed however this would certainly increase takings if utilised correctly.
All viewings strictly by appointment only, for further information please don't hesitate to get in touch.
Contact Agent
Particulars / More Information
Listing Statistics
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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.'.
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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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Contact seller
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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