Italian restaurant for sale in Oxford, United Kingdom with staff accommodation and recent renovations
Oxford, Oxfordshire
- Status
FOR SALE
- Advert ID
637242
- Leasehold: £160,000
- Rent: £48,000 (£4,000 per month)
- Turnover: On request
- Profit: On request
Key Features
- Accessible dining destination
- Additional income from tenancy
- Spacious dining environment
- Fully equipped commercial kitchen
Business Details
Italian Restaurant for sale in Oxford , United Kingdom
For sale: An Italian restaurant located in Oxford, Oxfordshire, offering a unique opportunity for prospective buyers.
This well-established restaurant features four upstairs rooms and two separate bathrooms, providing potential for staff accommodation or rental income. The owner can choose to allow workers to live rent-free if desired, adding flexibility to the property.
The restaurant benefits from its prime location on a main road, surrounded by numerous shops and amenities that attract a steady flow of customers. The area enjoys a favorable competitive environment, with good competition from nearby establishments.
Included in the sale price are all fixtures and fittings, along with recent renovations, ensuring the new owner can start operating seamlessly. There has been a notable increase in turnover over the past year, indicating strong business performance.
The reason for selling is a personal matter. Currently, the restaurant employs five staff members and maintains an online presence to support its operations.
Training opportunities for new owners will not be offered. The leasehold price for the restaurant is £160,000 with an annual rent of £48,000. Comprehensive accounts are available for review, providing potential buyers with valuable financial insights.
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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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