Modern Restaurant for Sale in Coningsby Lincolnshire
Coningsby, Lincolnshire
- Status
FOR SALE
- Advert ID
644665
- Leasehold: Price on Application (Stock at valuation)
- Rent: £18,000 (£1,500 per month)
- Turnover: £300,000 (£5,769 per week)
- Profit: On request
Key Features
- Alarm and security systems
- Ample parking facilities
- Atmosphere for celebrations
- Attractive return on investment
Business Details
Modern Restaurant For Sale Lincolnshire
LEASEHOLD FOR RESTAURANT BISTRO – LINCOLNSHIRE VILLAGE
An excellent opportunity to acquire a well-established, profitable and highly regarded restaurant bistro located in a charming village in Lincolnshire.
The business operates as a successful ongoing concern and is currently open 5 days a week:
Wednesday to Saturday evenings and Sunday lunch, offering clear potential to increase turnover by extending opening hours or adding additional services.
The restaurant is newly refurbished, fully equipped and tastefully presented, with approximately 40 covers inside and a licence for outside seating to increase the number of covers, ideal for the warmer months.
Over the years, the business has built a large and loyal regular customer base and enjoys excellent Google and TripAdvisor reviews, reflecting its strong reputation and consistent quality.
This opportunity would suit someone who's passionate and looking to run their own business, an experienced operator already in the hospitality industry seeking a proven, lifestyle-friendly profitable business, in a desirable busy location.
Key Features:
Leasehold - 14 years remaining but could be extended
NO BUSINESS RATES
All fixtures and fittings included, turn key operation thats ready to go
Rent 18k per year
Fully trained enthusiastic team members
Prime central village location
Fully equipped, walk-in ready with a brand new kitchen, tables, chairs and bar area
40 internal covers with extra seating licensed outdoor area
Strong regular customer base
Excellent online reviews and reputation
Quiet but very busy location - close to Tattershall lakes bringing vast number of customers
Close to local shops, butchers and amenities
Large public car park on the doorstep
Currently open 5 days per week with scope to expand to 7 days and breakfast or lunchtimes
Financials:
The business is profitably trading, with consistent turnover and strong margins for its size, supported by repeat custom and limited current opening hours. Plenty of room to grow the bussiness and increase turnover and profit margins considerably.
Full financial information available to serious parties upon request.
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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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