Prime Location Spanish Tapas Bar & Restaurant in Hull, Established in 2013, Turnover of £364,000, All Fixtures Included, Strong Online Presence, Part
Kingston Upon Hull, East Riding of Yorkshire
- Status
FOR SALE
- Advert ID
615371
- Leasehold: £75,000
- Rent: £16,500 (£1,375 per month)
- Turnover: £416,000 (£8,000 per week)
- Net Profit: On request
Key Features
- Established Business
- Prime Location
- Accounts Available
- Unique Business
- Close to Local Amenities
- Adjacent to Multiple Retailers
- Fully Fitted
Business Details
Spanish Tapas Bar for sale in Hull
Established Spanish Tapas Bar & Restaurant for sale, located in Kingston Upon Hull in East Riding of Yorkshire. In a prime location, known for widespread appeal due to its concentration of popular bars and restaurants near the town centre, the restaurant commands an enviable spot on Princes Avenue. Business has been established since 2013, with a current turnover of £364,000.
The leasehold price is set at £80,000, but the selling price is open to negotiation. Although there is healthy competition in the local area, this bustling location within the town centre showcases the promise of a thriving marketplace.
One of the benefits of purchasing this well-run business is that all existing fixtures and fittings are included in the sale. I have personally owned the business since its inception eight years ago.
However, the reason for its sale has risen due to my commitments with other business ventures. Despite this, the restaurant has developed under staff stewardship.
At present, the restaurant is run by a dedicated team of 10 employees (staff-run). I believe that it has a lot of room for improvement and growth if it is run by the new owners. Our existing operational hours run from 4pm-11pm Monday through Friday, and from 12pm-10:30pm on weekends. There are only two competitors in the area, and I believe it’s a great opportunity for a new owner to take this business to the next level.
Our online presence is established and secure. We have a fully set up website and social media pages. We have also partnered with leading delivery platforms such as JustEat and UberEats. To ensure a smooth transition, we are offering training opportunities to the new owners. Plus, we have our accounts ready for your perusal as well.
For complete details about this prosperous business opportunity, please do not hesitate to contact me.
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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 £1, and then speaking to your solicitor to confirm receipt.
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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.
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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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