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CONFIDENTIAL
FOR SALE
642836
The owner is looking to sell a well-established restaurant in Birmingham, as they wish to concentrate on another location outside the city. This restaurant has been in operation for 40 years, and the current owner has successfully managed the business for the past three years. With a prime position on Harborne High Street, the restaurant benefits from significant foot traffic and the presence of nearby amenities that draw customers in, making it an attractive opportunity for potential buyers.
The sale price for this leasehold restaurant is set at £200,000, with an impressive current turnover of £850,000. Additionally, the annual rent for the premises is £45,000. The sale includes all fixtures and fittings, ensuring that the new owner can seamlessly take over the operation without the need for additional investment in equipment.
In terms of staff, the restaurant employs six full-time employees, contributing to its operational efficiency and service quality. The current owner is committed to facilitating a smooth transition; therefore, they will offer training opportunities for the new owners to help them navigate the business effectively. Furthermore, the restaurant has an established online presence, which can be leveraged to enhance marketing efforts and attract more customers.
Key Features of the Sale
This restaurant sale presents a unique opportunity for those looking to step into a successful business with a rich history. With the owner's decision to focus on another restaurant outside Birmingham, this could be the perfect moment for you to take the reins of a thriving establishment in a vibrant location.
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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