Popular Argentinian-Mexican Steakhouse with Takeaway in Barnstaple for Sale
Barnstaple, Devon
- Status
FOR SALE
- Advert ID
616646
- Leasehold: £30,000
- Rent: £7,800 (£650 per month)
- Turnover: £120,000 (£2,308 per week)
- Profit: On request
Key Features
- Unique Business
- New Lease
Business Details
Argentenian and Mexican Resturant sell in Barnstaple
An established Argentinian and Mexican steakhouse, renovated just six months ago, is currently up for sale in Barnstaple, Devon. This unique business venture offers potential owners a popular dining location with a dedicated customer base, which caters to 26 patrons at a time. In addition to providing a dining experience, the restaurant also has a takeaway service in place, further supplementing its income and customer reach.
The steakhouse operates out of a fully-equipped kitchen, ensuring a smooth transition for incoming owners. It currently has four and a half years remaining on its lease agreement. However, there is potential for negotiation with the landlord regarding a new lease following the end of the current agreement. The monthly rent stands at a competitive price of £650.
The sale of this thriving business is prompted by the current owner's other pressing business commitments, rather than any issues with the restaurant itself. The asking price for the leasehold is £30,000. The restaurant boasts an impressive current annual turnover of £120,000. This price includes all stock owned by the restaurant, ensuring a seamless transition of business. The seller is open to negotiating the asking price.
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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.
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.
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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.
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.
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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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