Fully Fitted Restaurant Ready for Operation in Montrose Angus Available
Montrose, Angus
- Status
FOR SALE
- Advert ID
623968
- Reference
Restaurant Opportunity (Former Peking Palace) - 53 / Rightbiz
- Call Agent:
- Leasehold: £20,000
- or
- Freehold: Price on Application
- Rent: £30,000
- Turnover: On request
- Net Profit: On request
Business Details
Fantastic Opportunity to Operate a Fully Fitted Restaurant
- Fantastic Opportunity to Operate a Fully Fitted Restaurant
- Renowned Restaurant in the Area
- Sitting on a c.0.7-acre site - Development Opportunity
- Incentives May Be Available Depending on Covenant Strength
- Premium Offers of Around £20,000
Graham Sibbald are delighted to bring to market this Restaurant Opportunity in Montrose, available to let / may sell. The restaurant is located within the coastal town of Montrose, sitting between Dundee and Aberdeen. The town itself has an attractive centre. More specifically, the restaurant sits to the north of the town centre, on the main road (A92). The restaurant is ideally located close to a predominantly residential area as well as a commercial industrial/office site. This can provide consistent trade to the premises with customers regularly in the area. Internally, the restaurant has its main dining area for around 70 covers, there is also a lounge bar for 50 covers. There is also a large commercial kitchen with extensive storage and prep areas. Externally the restaurant has a large customer car park which presents development opportunities, either a change of use or perhaps outdoor al-fresco seating for customers, subject to the necessary planning or licenses.
The availability of this restaurant presents a fantastic opportunity for a restaurant operator to either lease or buy a premises established as a restaurant for 37 years. There is also the potential development opportunity to convert the site into a different use.
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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