Prime Hanley City Centre Bar/Restaurant, High Footfall, Authentic Afro-Caribbean Cuisine
Hanley, Staffordshire
- Status
FOR SALE
- Advert ID
628266
- Leasehold: £45,000
- Rent: £10,000 (£833 per month)
- Turnover: £56,000 (£1,077 per week)
- Profit: Not Applicable
Key Features
- Accounts Available
- Established Business
- High Turnover
- Price Further Reduced
Business Details
Bar Restaurant in City Centre, Hanley
For sale: An established restaurant and bar situated in the bustling heart of Hanley City Centre, Stoke-on-Trent. This thriving business presents a unique opportunity for entrepreneurs looking to invest in a prime location. Positioned strategically opposite the main Barclays Bank and adjacent to a large parking lot, the venue benefits from excellent visibility and ease of access with over 11,000 passersby daily.
The restaurant prides itself on offering authentic Afro-Caribbean cuisine, housed in a stylish and modern space with ample seating. Fully equipped with a bar and DJ setup, it is designed to provide a vibrant dining and entertainment experience. The facility includes a spacious kitchen and a well-equipped back office, along with all fixtures and fittings included in the sale price, making it a truly turnkey opportunity.
This business has been established for over five years, reflecting its robust foundation and steady customer base in a high-footfall area. Despite the competitive environment, the venue's strategic location and appealing ambiance contribute to its continued success. The current leasehold price is £45,000, with a turnover of £56,000 and an annual rent of £10,000.
Apart from the restaurant’s direct amenities, the surrounding area boasts attractions like Barclays Bank, which draws in additional customers. The business also maintains an active online presence, enhancing its reach and customer engagement. Staffed by three employees, the establishment offers training opportunities for new owners, ensuring a smooth transition.
The decision to sell is due to relocation, presenting an excellent opportunity for those considering an investment in a busy city center. All stocks and comprehensive business accounts are included in the price, along with a free-of-tie leasehold and plans for potential refurbishment or alternative use. Don't miss this opportunity to own a thriving and attractive business in a prime location.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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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