Cambridgeshire Wedding Venue & 180-Cover Restaurant for Sale with Large Parking & 10 Boutique Bedrooms
Undisclosed, Cambridgeshire
- Status
FOR SALE
- Advert ID
618246
- Reference
RPS-21700_CAMBRIDGESHIRE_WEDDING_RESTAURANT / Rightbiz
- Call Agent:
- Turnover: £475,000 (£9,135 Per week)
- Net Profit: Not Applicable
Key Features
- Potential for Alternative Use
- Trade Gardens Available
- Offers Invited
- Established Business
- High Turnover
- Fully Fitted
- With Car Park
Business Details
Wedding Venue & Restaurant for Sale in Cambridgeshire with Huge Car Park & 10 Bedrooms
Wedding Venue & Restaurant for Sale in Cambridgeshire
Wedding venue business with accommodation and large restaurant for sale in Cambridgeshire.
We have been informed that, last year the business generated gross sales of circa £475,000 without operating the restaurant to its full potential. This year they have projected the sales to increase up to £700,000 with increased restaurant trade.
Property ID: RPS-21700
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
- 10 boutique bedrooms
- Large Restaurant with Outdoor Seating
- Large Car Parking Space
- Fully Equipped & Modern kitchen facilities
- Gas & Extraction in Place
- Benefits from Premises Licence
LEASE DETAILS
- Lease Ending Sep 2031 (Inside LTA 1954 Act)
- Current Rent: £96,000 PAX
- Rent Review Term: 5 years
- Next Rent Review: TBC
- Premium: POA (Business, Lease and Fixtures & Fittings)
LANDLORD’S REQUIREMENT
- 3-6 Month’s Rent Deposit Required (subject to references)
- Personal Guarantor (subject to references)
- Bank, Trade & Accountant’s Reference required
- Evidence of financial credibility
PREMISES
- 10 boutique bedrooms
- Large Restaurant with Outdoor Seating
- Fully Equipped & Modern kitchen facilities
- Benefits from Premises Licence
- Permitted Hours: Mon – Sat: 10am – 12 am & Sunday: 12pm – 11:30pm
- 5 Star Food Hygiene Rating
- Payable Business Rates: Circa £42,415/annum (Rateable Value: £85,000)
THE LOCATION
- Cambridgeshire
TRADING
- £475,000/annum (year-end November 2023). They have informed us that this revenue is without fully operational restaurant
- Currently our client manages business with 5 full time staff members.
- We have been informed that with additional restaurant trade, they are projecting gross revenue of more than £700,000 per annum this year
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm therefore is not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
