FOR SALE
653363
This property, previously a highly successful seafood restaurant for two decades with an impressive turnover of approximately £800,000, is now available for new ownership. After an extensive refurbishment over the past six months, the site is ready for a new chapter. Initially, I hoped my son would take over the operations, but he has chosen to pursue other interests. Although I have rebranded it as a steak and seafood restaurant, its prime location makes it suitable for virtually any cuisine, offering tremendous flexibility for prospective owners.
The surrounding area enhances the restaurant's appeal, situated in a vibrant pedestrian zone teeming with a diverse selection of restaurants, bars, pubs, and charming antique shops. This bustling atmosphere is complemented by a variety of local businesses that attract considerable foot traffic. Together, they create an inviting environment for diners and shoppers alike.
While the local competition comprises a mix of complementary businesses, they work in harmony to create an engaging dining and shopping experience. The restaurant is poised to thrive in this dynamic setting, especially given the opportunity for delivery services and the potential for further development in capable hands. The range of fixtures and fittings included in the sale ensures that the new owners can hit the ground running.
Key Features and Opportunities
This property presents numerous advantages, including:
Currently, the business does not have an online presence, but there is significant potential to enhance visibility and attract a broader customer base through digital marketing strategies. With a talented team of five employees already in place, owners can benefit from an efficient operational structure. Furthermore, I am willing to provide training opportunities to new owners, should they require guidance during the transition.
This restaurant offers an exciting opportunity for anyone looking to enter the hospitality industry, particularly in a vibrant and supportive community. With the right leadership and vision, the future possibilities are endless. This is one of the few double fronted propertie on George Street allowing for outside seating. We have only recently got next-door back as it had been sublet for a few months and we are in thr process of decorating it to match the rest of the restaurant.
Possible option to pay as you go/ rent.
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.
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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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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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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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