Italian restaurant for sale in Sheffield South Yorkshire with 50 covers available
Sheffield, South Yorkshire
- Status
FOR SALE
- Advert ID
647879
- Reference
591515 / Rightbiz
- Call Agent:
- Freehold: £490,000
- Turnover: £312,000 (£6,000 per week)
- Profit: Not Applicable
Business Details
Restaurants For Sale in Sheffield
FREEHOLD LICENSED 50 COVER RESTAURANT in Sheffield for Sale.Long established and highly regarded authentic Italian cuisine restaurant operated from this substantial freehold property since 1991. Well known and much loved and located in a densely populated area of Sheffield, benefitting from a huge catchment area. The restaurant and highly prominent building is only being sold to enable the owners to retire and move abroad.
Run on very short evening openings with a small team of staff, yet taking an average of £6,000 per week and showing good, adjusted net profits of circa £40,000 per annum. The business has the potential to take a lot more with energetic and ambitious new owners utilising social media and online food ordering portals. The business is very much run on a low-key basis to suit the owner and retain that intimate hands-on dining experience.
50 cover licensed restaurant with the main restaurant, reception and bar occupying the ground floor, comprehensively equipped catering kitchen with pot-wash area and stores in the expansive basement. The first floor has ladies and gents toilets, a staff changing room and a room which was previously used as a private dining room with its own bar but is only currently being utilised for storage. Attic space offers further storage. Rear yard with parking for one car. EPC Band C
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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.
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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.
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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.
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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.
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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.
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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.'.
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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.
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