Middle Eastern Restaurant for Sale in Coventry City Centre
Coventry, West Midlands
- Status
FOR SALE
- Advert ID
638893
- Leasehold: £90,000
- Rent: £41,520 (£3,460 per month)
- Turnover: £624,000 (£12,000 per week)
- Profit: On request
Key Features
- Retirement Sale
- With Car Park
- Town Centre location
- Fully Fitted
Business Details
Middle Eastern Restaurant in Coventry city centre, very good location for a business
Established Arabic Restaurant for Sale in Coventry City Centre
We are pleased to present an exceptional opportunity to acquire a well-established Arabic restaurant, renowned for its authentic Lebanese and Moroccan cuisine, located in the heart of Coventry city centre. This prime location boasts high visibility and accessibility, making it an ideal setting for a thriving business.
The restaurant features a tastefully designed interior adorned with elegant decor that reflects cultural influences from the Mediterranean region. It includes a fully equipped kitchen and a spacious serving area outfitted with modern appliances, ensuring that operational efficiency is maintained.
With a seating capacity that provides a comfortable dining experience, the space is suitable for various occasions, attracting a diverse clientele. The restaurant has been in operation for over ten years, demonstrating its strong reputation and solid performance in the local market.
The business has shown a positive trend in turnover, with recent increases indicating growth potential. It is supported by a robust online presence and benefits from its proximity to other amenities such as shops and public services, which further enhance customer footfall.
Currently staffed by eight employees, the restaurant owner is committed to ensuring a smooth transition for the new owner and is willing to offer training opportunities to facilitate this process. The leasehold price is set at £90,000, and the current turnover is approximately £624,000, with an annual rent of £41,520.
Due to personal circumstances, the current owner is looking to return to their home country, creating this unique opportunity for a new proprietor to take over and continue building on an already successful business.
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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.
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.
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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.'.
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.
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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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