Featured Brokers
CONFIDENTIAL
FOR SALE
643670
In 2023, we acquired the business and undertook a comprehensive refurbishment costing £200,000. This investment has paid off considerably, and we successfully reopened to acclaim from both locals and tourists alike. The establishment now features new front and back terraces, a designated functions area, a bar, a restaurant, and seven newly fitted ensuite rooms, along with a studio apartment.
Despite achieving a robust turnover, there remains significant potential for further growth. The promotion of our events area and the addition of an outdoor BBQ for hire are just a couple of avenues through which we aim to enhance revenue streams. Selling the business has become necessary due to our commitments to other successful ventures abroad. While the business can operate remotely with existing staff, it would undoubtedly flourish under the dedicated involvement of hands-on owners.
Business Longevity and Ownership
This well-established business has been in operation for over 100 years. We have owned it for three years, and during this tenure, we have seen year-on-year growth in turnover. Conveniently situated in the town centre, it benefits from a strong customer base drawn by nearby amenities, including shops and restaurants.
Competitive Edge
As the busiest venue in town, our establishment faces competition, yet it stands out due to its unique offerings and vibrant atmosphere. The selling price includes a full inventory of fixtures and fittings, providing excellent value for potential buyers. Our collection of reliable revenue streams and strong community amenities ensures a stable operational foundation.
Key Details for Prospective Buyers
The leasehold for the business is priced at £250,000, complemented by a current turnover of £750,000 and an annual rent of £55,000. We offer sensible pricing aimed at facilitating a quick sale, alongside renewable lease agreement opportunities.
For those interested, we are more than willing to provide training opportunities to ensure a smooth transition for the new owners. With a flourishing reputation and promising prospects, this business represents an exciting venture for any entrepreneur.
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
Get Solicitor
The data showed regarding this advert 'Hotel, Bar & Restaurant ' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.