Portuguese restaurant for sale in Peterborough, Cambridgeshire with a loyal customer base
Peterborough, Cambridgeshire
- Status
FOR SALE
- Advert ID
635470
- Reference
B08962 / Rightbiz
- Call Agent:
- Leasehold: £29,995
- Turnover: £100,000 (£1,923 per week)
- Profit: £60,000 (60% Profit margin)
Business Details
Flavour Meets Fortune – Profitable Portuguese Restaurant
BusinessPlease quote reference B08962
CoGoGo welcomes Marisan to the market. Trading successfully for over a decade, the restaurant is a go-to destination for fans of hearty, homemade Portuguese food.
With the owner stepping away due to age and a new job opportunity, the door is wide open for someone new to bring fresh energy and ideas. There's potential to expand the offering, extend hours, or develop a stronger online presence, plenty of scope for growth!
Located in vibrant Peterborough, the restaurant enjoys a great position with steady footfall and a loyal local following. The area is well-connected, attracting both regular diners and newcomers seeking hearty, authentic cuisine.
This popular Portuguese eatery has built a solid reputation over the years for its welcoming atmosphere and traditional dishes.
With the owner ready to retire and pursue a new opportunity, this thriving business is up for grabs with loads of potential to develop further—be it new menu ideas, extended hours, or enhanced marketing
Key Selling Points
-
Authentic Portuguese menu loved by locals
-
Trading successfully since 2011
-
Low monthly rent of just £1,600
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Strong net profit of around £60,000
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Ideal for owner-operator or foodie entrepreneur
-
Plenty of potential to expand and grow
Location
Lincoln Road, Peterborough.
Premises
The premises are inviting and well-maintained, set up for smooth daily operations. There's everything you need to continue trading immediately, plus the flexibility to add takeaway or delivery services to boost income streams.
Tenure
Offered on a leasehold basis, the premises come with a very reasonable monthly rent of £1,600, making this an accessible option for aspiring owners or expanding restaurateurs.
Hours
Current hours are run to suit our client, with room to adapt the schedule to suit your ambitions and customer demand.
Staff
Currently owner-run and managed. Step in and run it your way from day one.
Financial Profile
We are advised that the business generates an annual turnover of around £100,000, delivering an impressive net profit of approximately £60,000. A rewarding setup with proven returns.
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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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