Licensed 50-Cover Restaurant and Takeaway for Sale in Prime Burnham on Sea Somerset Location
Burnham on Sea, Somerset
- Status
FOR SALE
- Advert ID
629022
- Leasehold: £30,000 (Stock at valuation)
- Rent: £21,000 (£1,750 per month)
- Turnover: £89,999 (£1,731 per week)
- Net Profit: £54,000 (61% Profit margin)
Key Features
- Town Centre location
- Close to Local Amenities
- New Lease
- Prime Location
- Small Business
- Vacant/Empty Premises
- Fully Fitted
- Large Business for Sale
- Potential for Alternative Use
Business Details
Licenced 50 cover Restaurant and takeaway
For leasing, only the area under the red line, as shown in the attached picture, is available. This area, set within a large building, is designated solely for restaurant purposes. The area delineated by the yellow line is not included in the initial lease but can be leased for an additional cost if desired. The blue area is communal and designated for bin storage. Accommodation is not part of the lease agreement; however, staff accommodation can be arranged under a separate short-term tenancy agreement.
The lease includes essential equipment and fittings at a discounted cost of £30,000, with no goodwill charge. A fish and chips frying range, valued at £25,000, is part of this package. Also included are four freezers, three fridges, AC units, a rational oven worth £5000, a hot cabinet costing £2500, and an electric cooker. The package encompasses tables and chairs valued at £1500, kitchen accessories, a wide array of food preparation utensils, a till, two wine fridges, as well as plates, forks, knives, and a dishwasher worth £1000. Numerous additional items further enhance this offering.
Exclusions from the lease are two lifts, plants, robotic equipment, trolleys, and microwave ovens. Furniture such as sofas and wall pictures are also not included. The yellow line area, although excluded initially, may be negotiated for additional rent.
Highlights of the property include its prime corner location with high visibility, a modern and fully equipped kitchen, a spacious dining area with LVT flooring, and a cozy, vibrantly designed interior. The premises are licensed for both restaurant and takeaway services.
The business, which has been established and owned for two years, employs three staff members. The leasehold is available for £30,000 with a current turnover of £89,999, and an annual rent of £21,000. The business offers a profit margin of £54,000. Located in Burnham on Sea, Somerset, the licensed 50-cover restaurant and takeaway is positioned in a prime, town center location that is close to local amenities. The premises are fully fitted and offer potential for alternative use. Especially South or north Indian Cuisine even Nepalese reastarent
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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.
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.'.
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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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