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Steakhouse restaurant and bar for sale in Cambridge Cambridgeshire

Cambridge, Cambridgeshire
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  • Leasehold: £149,950
  • Turnover: £780,000 (£15,000 per week)
  • Profit: Not Applicable

Business Details

Licenced Trade, Pubs & Clubs For Sale in Cambridge

STEAKHOUSE RESTAURANT AND BAR in Cambridge for Sale.

Ernest Wilson is proud to present to the market this highly popular and long-established steakhouse restaurant and bar, ideally situated in a thriving leisure destination. Located within a vibrant complex that includes a cinema, ten-pin bowling, and a wide variety of bars and eateries, this venue enjoys exceptional footfall and visibility. The restaurant occupies a prime corner position with dual-aspect frontage, offering excellent exposure to passing trade. Neighbouring businesses include major retailers including supermarkets, national leisure and dining brands - creating a dynamic and complementary environment for continued success. Weekly turnover £15,000. The business currently operates on sensible trading hours across seven days, and is predominantly staff-run due to the vendor’s other business commitments. This presents a fantastic opportunity for a hands-on owner-operator to step in, reduce staffing costs, and significantly enhance profitability by building on the strong foundations already in place. The premises are held on a secure lease until 2030, and our client advises that the landlord is open to negotiating a longer-term lease, subject to formal consent - providing further stability and growth potential for the incoming operator. Internally, the premises are fitted to an exceptionally high standard, with a stylish and spacious layout spread across two floors. The restaurant features a welcoming dining area and a well-appointed bar, all tastefully decorated with an impressive collection of memorabilia that adds character and charm. The commercial kitchen is fully equipped with a high-quality extraction system, generous pot wash area, and ample storage facilities. Customer amenities include separate ladies, gents, and disabled WCs. EPC Band B.
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Stay Safe

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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