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CONFIDENTIAL
FOR SALE
647822
Situated in the picturesque old town of Kenilworth, the location significantly contributes to its success. The business boasts an impressive rating of 4.8 on Google Reviews, reflecting its reputation for excellent food and service. Substantial investments have been made to enhance delivery elements and the restaurant's aesthetics, positioning it perfectly for growth. Notably, the business thrives during the summer months, illustrated by the remarkable £10,000 in sales achieved during last year's Old Town Festival. With a strong and loyal customer base in the area, this presents a fantastic opportunity for an ambitious individual to elevate the business to new heights.
This well-established restaurant, set to celebrate its tenth anniversary in 2025, has been under current ownership for just one year. The area provides numerous amenities, including shops and restaurants, which attract customers and contribute to a vibrant community atmosphere. The competition remains low for high-end dining options, allowing for significant market potential. Fixtures and fittings will be included in the sale, with the business offered 'as seen', ensuring full operational readiness for the new owner.
Strong Financial Performance
The business has shown a positive trend, with an increase in turnover over the past year, currently reaching an impressive £360,000. The annual rent stands at £19,992, reinforcing the affordability of this leasehold opportunity. There’s a genuine reason for the sale, as the current owner is relocating and can no longer dedicate the time necessary to manage the operation effectively. The restaurant employs a dedicated team of ten, all contributing to its friendly and inviting service culture.
Key Features and Growth Potential
This fully licensed restaurant offers a full-service dining experience, presenting freshly prepared meals and high-quality food and drink. Equipped with modern kitchen and bar facilities, it caters perfectly for group gatherings and private functions, making it an ideal choice for owners wishing to expand their hospitality portfolio. The operational costs are low, and there is ample opportunity for growth through strategic marketing and enhancing the existing online presence.
Support for New Ownership
The current owner is committed to ensuring a smooth transition and is willing to provide training opportunities for the new owners, guaranteeing that they are well-equipped to continue the success of this thriving establishment. This is an enticing chance to step into a profitable business with significant growth potential in a sought-after 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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