Leeds-Based Spanish Restaurant with Sunny Terrace in Prime Location on Sale
Leeds, West Yorkshire
- Status
FOR SALE
- Advert ID
612617
- Leasehold: £39,950 (Stock at valuation)
- Rent: £26,000
- Turnover: £260,000 (Ā£5,000 Per week)
- Net Profit: On request
Key Features
- Established Business
- Attractive Business
- Prime Location
- Price Reduced
- Offers Invited
- Fully Fitted
- Unique Business
Business Details
Spanish Restaurant with Sunny Terrace in Beautiful Square in Leeds for Sale
Beautiful Spanish tapas & paella bar in a very exciting part of Leeds on the South Bank just a few minutes from the train station and city centre.
The interior exudes character and has a lovely atmosphere when busy with customers. There are windows on three sides bringing in plenty of natural light. Patio doors open onto a large sunny south facing terrace with seating for 30 plus. All this set in a beautiful historic courtyard away from traffic. The place is a real gem! The restaurant has 50 covers, a generous bar area and a fully fitted open kitchen.
The business opened in 2022 and has gone on to win awards and very favourable online reviews. Events and functions are a particular strength and profitable revenue stream of the current operators. There is much scope to further grow the business and reputation here with a Spanish menu or other cuisines. The current owners are reluctantly selling as another venture is taking priority.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring Ā£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.
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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.'.
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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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