Turkish Cypriot Restaurant & Bar with Scenic Canal Views, Outdoor Dining in Greater Manchester
City of Manchester, Manchester
- Status
FOR SALE
- Advert ID
630359
- Leasehold: £160,000 (Stock at valuation)
- Rent: £36,000 (£3,000 per month)
- Turnover: On request
- Net Profit: On request
Key Features
- Unique Business
- Close to Local Amenities
- Open Plan Trading Area
- Town Centre location
- Prime Location
- Potential for Alternative Use
- Established Business
- High Turnover
- Accounts Available
- Fully Fitted
- Attractive Business
Business Details
Established Turkish Cypriot Restaurant & Bar with Canal Views and Outdoor Dining for Sale in Greater Manchester
Restaurant is a well-established and popular Cypriot Turkish restaurant. This attractive riverside venue offers a unique dining experience with a retractable roof terrace, perfect for open-air meals in a tranquil setting by the river. The ground floor accommodates up to 120 diners.
The business also includes a spacious Four-bedroom flat above the restaurant, complete with a living room, kitchen, and bathroom, £1.500 rental income.
Currently operating with consistent footfall and high turnover, the business benefits from an 18-year lease, affordable rent (£34,000 p.a. including the flat), and low business rates (£2,161 p.a.). The outside terrace features a high-quality bi-folding roof installation, valued at £60,000.
Located in a bustling area surrounded by other restaurants, social clubs, schools, and amenities, Restaurant is ideally positioned to attract local residents and visitors alike. The business is being sold at a reduced price for a quicker sale.
For serious buyers, financial details can be provided upon request.
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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.
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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.
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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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