Buy Well-Established, Fully Fitted Restaurant in Prime Smethwick, Birmingham Location
Smethwick, West Midlands
- Status
FOR SALE
- Date Submitted:
07/01/24
- Advert ID
604665
- Leasehold: £90,000
- Rent: £18,000
- Turnover: £350,000 (£6,731 Per week)
- Net Profit: On request
Key Features
- Free of Tie Leasehold
- Prime Location
- Established Business
Business Details
Established Restaurant for sale in Smethwick Birmingham
A well-established restaurant in Smethwick, Birmingham is currently on the market. Ideally situated in a prime location close to local amenities, this is an attractive business opportunity that you wouldn't want to miss. The restaurant is fully fitted and ready for operation, perfect for those looking to invest in the hospitality industry.
The leasehold price for the property stands at £90,000. Presently, the business boasts an encouraging turnover of £350,000 and a profit margin of £60,000. However, we are willing to negotiate with serious buyers and would entertain the nearest offer.
Just to reiterate, this is not just a property up for sale — it's an established business with a stable revenue stream.
For a comprehensive discussion and complete business details, please do not hesitate to contact me.
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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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