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CONFIDENTIAL
FOR SALE
637829
Modern Restaurant & Bar for Sale in Cliftonville, Margate
We are offering an exciting opportunity to acquire a well-established restaurant and bar in the vibrant area of Cliftonville, Margate. The business has been successfully operating for 4.5 years and is known for its prime location in a bustling strip of popular bars and restaurants. This location draws substantial foot traffic, ensuring a steady flow of local and visiting customers, making it an attractive proposition for potential buyers.
The sale includes a lease, as well as the kitchen fixtures and fittings. This encompasses a fully equipped kitchen and bar space, which includes essential appliances such as fridges, freezers, an oven, prep tables, a dishwasher, a glasswasher, a three-door bottle cooler, and a cellar setup for four lines. However, please note that the branding associated with the business is not part of this sale.
Given the competitive landscape, while there are other food and drink establishments in the area, none operate in the exact niche that this business serves, highlighting a unique market position. Additionally, the establishment is supported by a solid online presence, which can be leveraged to grow the business further.
This opportunity arises due to the current owner’s retirement for health reasons. The business currently employs four staff members and has demonstrated a strong financial performance, with an annual turnover of £250,000. The leasehold price is set at £70,000, and the annual rent for the premises is £13,800. Detailed financial accounts are available for review.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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