Cafe/Restaurant for sale in Bingham, Nottinghamshire with seating for 30 and weekly turnover of £4,000
Bingham, NottinghamshireEst. 16 years
- Status
FOR SALE
- Advert ID
659401
- Leasehold: £59,000
- Rent: £18,000 (£1,500 per month)
- Turnover: £364,000 (£7,000 per week)
- Profit: On request
Key Features
- Local and passing trade
- Location in popular area
- Locations surrounded by thriving businesses
- Menu expansion opportunities
Business Details
ESTABLISHED CAFE RESTAURANT FOR SALE – BINGHAM, NOTTINGHAMSHIRE
ESTABLISHED RESTAURANT FOR SALE – BINGHAM, NOTTINGHAMSHIRE
Asking price: £59,000 ono
An excellent opportunity to acquire The Circle Eatery, an established, fully fitted restaurant in the popular market town of Bingham, Nottinghamshire.
The restaurant currently operates five evenings per week, generating approximately £4,000 in weekly turnover, with scope for a new owner to develop the business further.
Key features:
- Established restaurant with approximately 30 seats.
- Current turnover of approximately £4,000 per week.
- Previously achieved around £7,000 per week when operating daytime and evening services.
- Affordable rent of just £1,500 per month.
- Approximately 3.5 years remaining on the current lease.
- The landlord is happy to offer a new lease to a suitable incoming owner.
- Excellent opportunity to increase turnover by reopening for breakfast and lunch or developing additional services.
- Existing kitchen equipment, fixtures and fittings.
Reason for sale: The owner wishes to return to their established career in graphic design and is offering this opportunity to a new owner who can devote more time to developing the restaurant.
An attractive opportunity for an owner-operator, an experienced restaurateur or someone looking to establish themselves in the hospitality sector.
Contact: Parvis
Genuine enquiries only. Further information and viewings available to serious prospective buyers.
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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.
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.
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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.
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.
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