Modern bar and eatery for sale in Southport Merseyside named A Taste of Lord Street
Southport, Merseyside
- Status
FOR SALE
- Advert ID
651233
- Reference
B09624 / Rightbiz
- Call Agent:
- Leasehold: £159,999
- Turnover: £295,000 (£5,673 per week)
- Profit: Not Applicable
Business Details
A Taste of Lord Street – Modern Bar & Eatery Opportunity
BusinessPlease quote reference B09624
CoGoGo is delighted to bring to the market Corridor Bar & Eatery, a stylish leasehold bar and eatery located on Lord Street, Southport.
The business was established 10 years ago and has been under the current ownership for the last 6 years.
The business offers a popular mix of tapas, sharing platters, traditional dishes, cocktails, wines and bottomless dining experiences. It benefits from an established website, Instagram and Facebook presence, helping drive visibility and customer engagement.
With outdoor seating, strong local appeal and scope to build on events, private hire, catering and online promotion, this is an excellent opportunity for an energetic buyer.
Location
Located on Lord Street, Southport, the business occupies a prominent position within a well-known dining, leisure and visitor destination.
Premises
Leasehold premises with a modern bar and dining area, customer facilities, kitchen/service areas and outdoor seating.
Tenure
Leasehold. Annual rent is advised at £15,750.
Hours
The current operating hours are:
Monday to Wednesday - Closed
Thursday - 11:00 am to 9:00 pm
Friday & Saturday - 11:00 am to 1:00 am
Sunday - 11:00 am to 12:00 am
Staff
Run by the owner with support as required.
Financial Profile
We are advised that the business generates an annual turnover of £295,000, with an adjusted net profit in the region of £60,000, taking into account current directors’ remuneration.
Contact Agent
Listing Statistics
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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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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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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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