Restaurant and bar for sale in Saint Neots Cambridgeshire
Saint Neots, Cambridgeshire
- Status
FOR SALE
- Advert ID
642166
- Leasehold: £139,999 (Stock at valuation)
- Rent: £18,500 (£1,542 per month)
- Turnover: On request
- Profit: On request
Key Features
- 7-day trading licence
- Alcohol sales permitted
- Attractive leasehold terms
- Late-night entertainment venue
Business Details
Restaurant & Bar for sale in town centre
Located in the vibrant heart of Saint Neots, Cambridgeshire, this bar restaurant presents an exciting opportunity for prospective owners. The establishment, currently operating as a Turkish restaurant, could easily adapt to various cuisines, depending on the new owner's vision. Notably, it is the only venue in town equipped with a late-night DJ and a licence to operate until 3 am on Fridays and Saturdays, setting it apart from other local dining options.
The restaurant has been newly decorated to a high standard, creating a welcoming and stylish atmosphere that enhances the dining experience. With a capacity for lively gatherings and events, the venue is designed for both relaxation and entertainment.
The business has a two-year history, during which it has gained a loyal customer base. It is strategically located amidst numerous shops and other dining establishments, drawing in foot traffic and ensuring consistent patronage. Current competition in the area is minimal, particularly for a bar and restaurant of this nature, making it a unique investment opportunity.
Included in the sale are various fixtures and fittings that contribute to the venue's appealing interior. This ensures a seamless transition for new owners, who will benefit from the efforts put into creating the restaurant’s current aesthetic.
The business has seen a small increase in turnover over the past year, indicating a positive trend. The current owner, who has managed the restaurant for two years, is selling due to a move to another city. The establishment employs five staff members, maintaining a collaborative and efficient team to provide excellent service.
Furthermore, the restaurant boasts a robust online presence across platforms such as Facebook, Instagram, and TikTok, which aids in marketing and customer engagement. Training opportunities will be offered to the new owners, ensuring they are well-equipped to continue the business’s success.
Key Features of the Restaurant
The bar restaurant comes with several appealing features, including:
- A 7-day trading licence
- Permitted alcohol sales
- Attractive leasehold terms
- A late-night entertainment venue
- A prime high street location
- High-quality decor and ambience
- Ideal for enthusiastic entrepreneurs
- Live music events, enhancing the nightlife experience
- Modern fixtures and fittings throughout
This leasehold opportunity is available at an asking price upon request, with an annual rent set at £18,500, making it a potentially lucrative investment in a thriving location.
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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.
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.
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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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