Portuguese restaurant for sale in Leicester Leicestershire with modern interior and outdoor seating
Leicester, Leicestershire
- Status
FOR SALE
- Advert ID
636722
- Leasehold: £85,000
- Rent: £12,000 (£1,000 per month)
- Turnover: On request
- Profit: On request
Key Features
- Retirement Sale
Business Details
Portuguese restaurant
Portuguese Restaurant for Sale in Leicester, Leicestershire
This well-established Portuguese restaurant has been in operation for 11 years, boasting a modern interior that offers ample seating for guests. The inviting atmosphere is enhanced by carefully selected decorative elements and lighting, creating a warm and welcoming environment for diners.
The restaurant features a well-stocked bar with a variety of spirits and wines, and its prominent signage highlights its focus on authentic Portuguese cuisine. Its prime location provides excellent street visibility and the added appeal of outdoor seating, making it an attractive destination for both locals and tourists.
Along with a customer-friendly layout, this establishment benefits from nearby amenities, such as shops and public services, which help to draw in customers. Currently, there is no significant competition in the area, which positions the restaurant for continued growth, as evidenced by an increase in turnover over the past year.
Currently, the restaurant employs two staff members and maintains an active online presence to engage with potential customers. The owner is looking to retire, prompting this sale. The leasehold is priced at £85,000, with an annual rent of £12,000. All stocks are included in the purchase price, and the seller is willing to offer training opportunities for the new owners to ensure a smooth transition.
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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.
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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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