Licensed restaurant in Whitby with views and potential for growth through extended hours and marketing.
Whitby, North YorkshireEst. 8 years
- Status
FOR SALE
- Advert ID
658281
- Reference
591791 / Rightbiz
- Call Agent:
- Leasehold: £59,950
- Turnover: £340,000 (£6,538 per week)
- Profit: Not Applicable
Business Details
Restaurants For Sale in Whitby
RESTAURANT in Whitby for Sale.A wonderful opportunity to acquire licensed restaurant premises. Acquired by our client in 2018, the business has been largely family run. However, the owner's daily round-trip commute of almost 200 miles has become increasingly costly and time-consuming. This presents an excellent opportunity for new owners to build on the strong foundations already in place by enhancing social media marketing and promoting the function facilities more effectively.
With dual entrances, the restaurant enjoys strong footfall throughout the day. Annual turnover £340,000. Currently trading for just five daytime hours, there is significant scope to extend opening times and increase revenue. The private room, boasts stunning harbour and abbey views, is particularly popular for private parties and events.
The premises extend over three floors and comprise a ground and lower ground floor restaurant and bar accommodating at least 42 diners, plus a further 10 to 12 covers in the private room. Customer toilets include baby-changing facilities, and an application has been submitted for external pavement seating. The first floor provides two function rooms with a dedicated bar, while the second floor houses the catering kitchen with dumb waiter access to all floors, a food preparation room with extensive chilled storage, additional storerooms, and a manager's office.
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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.
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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.
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.
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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.
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.
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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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