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Profitable, Easy-to-Maintain Neighbourhood Restaurant in Potters Bar Hertfordshire for Sale

Potters Bar, Hertfordshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    12/05/24

  • Advert ID

    611175

  • Leasehold: Price on Application
  • Rent: £22,000
  • Turnover: £234,000 (£4,500 Per week)
  • Net Profit: On request

Key Features

  • Accounts Available
  • Established Business
  • Prime Location
  • Small Business
  • With Car Park
  • Town Centre location
  • Potential for Alternative Use
  • Close to Local Amenities
  • Attractive Business
  • Fully Fitted
  • Incentives May Be Available
  • Company for Sale

Business Details

Easy Maintenance, Profitable Neighbourhood Restaurant for Sale

This well-established brand, recognized and appreciated for its quality services, is located on Main Station Street. The prime location exposes it to high visibility and foot traffic, making it an ideal destination for people in transit. The establishment is well-positioned within a vibrant commuter town, providing it with a constant flow of patrons.

The business presents a fantastic opportunity for either full or partial ownership transfer due to the incumbent owner's health concerns. Potential investors could be a hands-on chef/ owner, someone interested in a managerial oversight role, or both. With four full-time and one part-time kitchen staff, the operations are capable of running optimally, with low labor costs relative to the industry average. The business has been operating at break-even since its opening, setting the stage for immediate revenue potential for the new owner with no additional hiring required.

For customers, the convenience of the establishment goes beyond its accessibility, extending to it's well-thought-out facilities. It is situated a short walk away from the station, making it an easy stop for commuters. Additionally, customers enjoy free parking after 6:30 PM, enhancing the location's accessibility. The dining space is versatile with indoor and outdoor seating options to accommodate various customer preferences. The capacity is for 12 outdoor and up to 52 indoor patrons. It comes equipped with air conditioning and ventilation units, ensuring a comfortable environment for customers.

The business model also allows for growth and expansion. There is potential for extending dining hours and/or offering additional services. The versatile kitchen setup, with easy access from the car park, streamlines the business's potential expansion into delivery brands. Also, the low maintenance costs, due to its efficient design, reduces overheads and adds to its profit potential.

The operation has maintained transparency in its financial dealings as the accounts and sales data are available upon request. The establishment has two toilets, catering to the convenience of both customers and staff. This thriving business presents a great potential for those looking to invest, and make their mark on the dynamic food and beverage industry.

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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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