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Prosperous Italian Restaurant for Sale in Central Hessle, East Riding of Yorkshire

Hessle, East Riding of Yorkshire

CONFIDENTIAL

  • Status

    FOR SALE

  • Advert ID

    624855

  • Leasehold: £60,000 (Stock at valuation)
  • Turnover: £270,000 (£5,192 per week)
  • Profit: £50,000 (19% Profit margin)

Key Features

  • Retirement Sale
  • Close to Local Amenities
  • Attractive Business
  • Central Position in Affluent Village

Business Details

Restaurant for sale in East Riding of Yorkshire.

A remarkable Italian restaurant in the heart of Hessle, East Riding of Yorkshire is now available for sale. This business boasts a central position in a prosperous village, surrounded by enticing local amenities. The area features a variety of shops, bars, hairdressers, and other businesses that continually draw a steady stream of customers.

The restaurant operates under a leasehold, offered at a price of £60,000. It generates a substantial annual turnover of £270,000 with a commendable profit margin of £50,000. Included in the sale are all fixtures and fittings, adding immense value to this opportunity.

This sale comes as a result of the current owner's decision to retire, providing a promising opportunity for new ownership. The restaurant is perfectly positioned to continue thriving in this affluent locale.

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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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The data showed regarding this advert 'Restaurant for sale in East Riding of Yorkshire. ' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.