Stylish African and Afro-Caribbean restaurant Poto Poto for sale in Doncaster South Yorkshire
Doncaster, South Yorkshire
- Status
FOR SALE
- Advert ID
647017
- Reference
B09456 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Turnover: £60,000 (£1,154 per week)
- Profit: £20,000 (34% Profit margin)
Business Details
Flavours That Stand Out – Stylish African & Afro Caribbean Restaurant
BusinessPlease quote reference B09456
CoGoGo is delighted to bring to the market Poto Poto, a striking and recently renovated restaurant opportunity in Doncaster.
Established for around 1 year and 3 months, the business offers a vibrant dining concept with strong visual appeal and scope for a new operator to build further on its early presence in the area.
The business is being offered for sale due to the vendor’s relocation, creating an ideal opening for an owner-operator or experienced hospitality buyer seeking a sizeable venue with immediate trading potential. The premises also benefit from a flat above currently let out, adding an additional income stream.
Early viewing is highly recommended.
Location
The business trades from Hall Gate in Doncaster town centre, a well-known and accessible position popular with local residents, visitors and evening trade. The area offers a strong mix of retail, leisure and hospitality operators, helping support regular footfall
Premises
Newly renovated restaurant premises are arranged over the ground and first floor levels. The ground floor provides approximately 100 covers, with a further 20 covers on the first floor, giving the business excellent capacity for dining, events or private functions. The property also includes a flat above, currently tenanted.
Tenure
Leasehold. We are advised that 3 years are remaining on a 5-year lease, with rent of £22,000 per annum. The business also benefits from zero business rates at present.
Hours
The current operating hours are:
Monday to Sunday: 9:00 am to 10:00 pm
Staff
The business is operated with 4 staff members.
Financial Profile
We are advised that the business generates a turnover of £60,000 with a net profit of £20,000.
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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