Family-Run Steakhouse with Bar in Bury St Edmunds, Suffolk Up for Sale
Red Lodge, Suffolk
- Status
FOR SALE
- Advert ID
626283
- Leasehold: Price on Application
- Rent: £52,000 (£4,333 per month)
- Turnover: £850,000 (£16,346 per week)
- Net Profit: On request
Key Features
- Potential for Alternative Use
- New Lease
- Free of Tie Leasehold
- Fully Fitted
- Central Position in Affluent Village
- Established Business
- With Car Park
Business Details
Steakhouse and Bar for sale in Bury st Edmunds
Take advantage of this rare opportunity to acquire an esteemed family-run steakhouse and bar located in Red Lodge, Bury St Edmunds. This beloved establishment has been a cornerstone of its community for 15 years, celebrated for its outstanding dining experience. Specializing in an array of delectable steaks, gourmet burgers, exotic meats, and more, it is the go-to destination for food enthusiasts in and around the area.
Key Features:
This long-standing family business boasts a rich history, having cultivated a loyal customer base and a robust reputation for quality and service. The warmth and authenticity offered by the familial touch have made it particularly beloved by diners. Furthermore, the steakhouse occupies a prime spot in a booming area. It is ideally located near a new mini village under construction, promising a significant influx of new residents and visitors. As the only pub in the village, it holds a unique position, ensuring a continual stream of potential customers eager for a welcoming dining experience. There are draft plans for a beautiful extension to the pub, promising further growth.
The restaurant offers a cozy and inviting ambiance, featuring comfortable seating arrangements and tasteful decor. It is the perfect setting for family gatherings, casual outings, and special occasions. The fully licensed bar enhances the dining experience with a wide selection of wines, beers, and specially crafted cocktails.
Growth Potential:
The ongoing developments in the area present exciting opportunities, including the potential extension of a sports bar. This not only represents a chance to acquire a thriving business but also to continue a legacy in a rapidly evolving community. Whether you are an experienced restaurateur or someone looking to embark on a rewarding endeavor, this family-run establishment is well-positioned for sustained success in an area with significant potential for growth.
Financial Overview: Detailed financial information is available upon request. The leasehold opportunity comes with an asking price available on request, and a current turnover of £850,000. The annual rent is £52,000, and all stock, fixtures, and fittings are included in the price.
This steakhouse and bar has demonstrated consistent turnover over the years, with further potential anticipated due to ongoing developments. The reason for sale is retirement. With 17 employees on staff and a strong online presence, any new owner would have a seamless transition. Training opportunities for new owners are also available.
Additional Information:
- Central position in an affluent village.
- Includes a car park.
- Free of Tie Leasehold.
- Potential for alternative use.
- A new lease is available.
This family-run steakhouse and bar in Red Lodge represents a unique opportunity for investment and growth in a vibrant community.
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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.
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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.'.
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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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