Steakhouse Restaurant with Popular Cocktails available for Purchase in Northampton
Northampton, Northamptonshire
- Status
FOR SALE
- Date Submitted:
24/01/24
- Advert ID
605582
- Leasehold: £140,000
- Rent: £55,000
- Turnover: £520,000 (£10,000 Per week)
- Net Profit: Not Applicable
Key Features
- Established Business
- Offers Invited
- Prime Location
- Unique Business
- Town Centre location
- Open Plan Trading Area
- Potential for Alternative Use
- Close to Local Amenities
- Attractive Business
- New Lease
- Fully Fitted
- Large Business for Sale
Business Details
Steakhouse Restaurant for sale in Northampton
Steakhouse Restaurant for sale in Northampton
Our restaurant is located in the heart of Northampton. The restaurant is also well-known for serving up unique, hand-crafted cocktails, like its popular Berries and Bubbles which combine citrus vodka, fresh berries, and top-shelf champagne. You can stop in for a drink on a whim, but reservations are recommended for dinner.
The business is currently trading as a steakhouse but the menu is vast and includes various cuisines. On most weekends I work in an events hall. Their restaurant has the perfect environment for large party bookings and can accommodate any special occasion or event.
The current opening hours are Monday - Friday from 17.00 - 23.00 , Saturday and Sunday from 12.00 - 23.00 .
The restaurant is currently located in one of the most popular Northampton streets , close to all local amenities.
The business is already incorporated with all takeaway platforms .
The restaurant is sold with all fittings and fixtures , stock included in the sale price.
Key points : Repeat custom
Excellent reviews
Alcohol licensed
High foot fall location
Would suit a partnership or family run business
Scope to improve -
Increase marketing and advertising
Expand menu
Premises
Ground floor -
Seating area
150 covers
Bespoke decor and lighting
Tenure
The restaurant is sold as a leasehold for the remaining 6 years lease. The landlord is open to start a new lease upon request . The current lease price is £66,000 per year, including VAT.
The sale price of the business is negotiable and open to offers.
Property Information
Property:
Leasehold
Lease Terms:
5 years left but the landlord can extended or start a new lease
Leasehold Rent:
£66,000 per annum
Location:
Our restaurant is located in the heart of Northampton, on 162-166 Wellingborough Road .
A prime location on the high street surrounded by many pubs and cafe shops and restaurants.
Premises Details:
162 - 166 Wellingborough Road
Planning Consent:
A3, A4,A5
Energy Performance Rating:
D
Business Operation
Competition / Market:
No competition for our type of food.
Reasons for selling:
retirement
Employees:
10
Years established:
5
Map
What's Nearby
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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
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
Get Solicitor
