Restaurant and bar for sale in Whitchurch Shropshire with recent renovations and loyal customers
Whitchurch, Shropshire
- Status
FOR SALE
- Advert ID
635101
- Reference
591152 / Rightbiz
- Call Agent:
- Leasehold: £69,950
- Turnover: £338,000 (£6,500 per week)
- Profit: Not Applicable
Business Details
Restaurants For Sale in Whitchurch
RESTAURANT AND BAR in Shropshire for Sale.A fantastic opportunity to acquire this long established restaurant and bar which was set up by our clients in 2017 during which time it has developed a strong reputation and loyal customer base. Weekly turnover £6,500. The business is run predominantly by staff due to our client’s other business interests - wonderful potential for owner occupier to reduce the overall wage bill and boost profitability. The business trades in very easy hours over five days, again offering potential for enthusiastic new owners to extend openings and increase the turnover. The premises are owned by our client who will offer them on a new Free of Tie lease with sensible rent. They are ideally situated within the town centre adjacent to one of the town's cheap public car parks and nestled amongst other bars and traders. The property has undergone significant refurbishment works by our client and really must be seen to be appreciated. Comprising reception area with large bar and lounge seating, restaurant seating 54 people in comfort. Second lounge bar and private function room to rear. Well-equipped commercial kitchen with separate pot wash area and storerooms. Newly refurbished ladies, gents and disabled WC and baby change facilities. Small outdoor seating area to rear. There is an option to purchase the upstairs letting rooms business separately for an additional £20,000. The accommodation comprises of six en-suite letting rooms, currently trading via Booking.com. The letting rooms and restaurant business are available for a combined rent of £40,000 per annum.
EPC Band B.
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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.'.
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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