FOR SALE
616389
An established bar and restaurant, located in the town center of Uplands Swansea, is up for sale. It boasts an excellent location, enjoying close proximity to local amenities and offers potential for alternative uses. Housed in a distinct, Tudor-style two-story building, it is not only an attractive business opportunity, but also a piece of architectural significance with an outdoor seating area.
The interior echoes charm and warmth with features such as a classic bar, cozy fireplaces, and a unique blend of traditional and eclectic furnishings. It boasts a spacious and atmospheric multi-level dining and drinking spaces, adorned with characterful decor and noteworthy stained glass window features. Its strategic location guarantees high street visibility, adding an enhanced appeal to the business prospects.
The asking price for the freehold property is £850,000 with a current turnover of £400,000, while it is also open to the closest offers. It operates with a substantial profit margin of £150,000. The price includes all stocks, showcasing a fully fitted establishment. In addition to its prime geographic prominence, the pull factor of this establishment lies in its reputation - a well-established business frequented for casual dining, private events, and community gatherings. The business is free of a tie leasehold, bringing further financial efficiency to a potential investor.
The accounts of the business are readily available, and it shows a consistent increase in turnover year on year. Located amidst lush trees and flora, it plays host to a pleasing seasonal ambiance, making it an attractive business opportunity that maintains a consistent appeal throughout the year.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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