Prime Location Restaurant in Sheffield South Yorkshire Up for Sale
Sheffield, South Yorkshire
- Status
FOR SALE
- Advert ID
623806
- Leasehold: £99,500
- Rent: £22,800
- Turnover: £250,000 (£4,808 Per week)
- Net Profit: £125,000 (50% Profit margin)
Key Features
- Offers Invited
- Potential for Alternative Use
- Attractive Business
- Accounts Available
- Open Plan Trading Area
- Established Business
- Prime Location
- Adjacent to Multiple Retailers
- Retirement Sale
- Town Centre location
- Close to Local Amenities
- Fully Fitted
- Vacant/Empty Premises
- New Lease
- Nil Premium
Business Details
RESTAURANT FOR SALE SOUGHT AFTER AREA
London road Sheffield location old NatWest bank corner of sharrow lane
This is an exceptional opportunity for acquiring a fully equipped and well-established restaurant/lounge located in a prime town center area in Sheffield, South Yorkshire. This venue is strategically positioned amidst vibrant dining destinations and local amenities such as shops, restaurants, parks, and events. It benefits from high foot traffic, making it a desirable spot for any hospitality venture.
The interior of the property is modern and stylish, comfortably accommodating up to 50 diners. It features a fully licensed bar and a well-equipped kitchen that is ready for immediate operation. Its key location ensures excellent visibility and accessibility for both local customers and visitors, providing a consistent potential customer base. The space is versatile, allowing new owners to implement a restaurant, bar, café, or another hospitality concept as they see fit.
This business is reluctantly on the market due to the owner’s health conditions, presenting an opportunity for an ambitious buyer to acquire a turnkey property in a flourishing location. The business offers additional growth potential through extended operating hours, delivery services, or creative marketing strategies. With a track record of increasing turnover, it ensures a promising investment.
Established for four years, and owned by the current proprietor for an equal duration, this Indian restaurant has a solid foundation and appealing financial figures. The leasehold price is £99,500 with a current turnover of £250,000, and a profit margin of £125,000. The annual rent is £22,800, and all fixtures, fittings, and stocks are included in the price.
The business already has an online presence and offers the possibility of new owner training if desired. The premises are open plan with potential for alternative uses, located adjacent to multiple retailers, making it a prominent spot. Interested buyers are invited to make offers.
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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.
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