SOLD
27/03/25
2664
RES/PAD/CHU / Rightbiz
Price: £500,000 for the Freehold Property and for the Business
Thomas Shaw are pleased to offer for sale this very popular main road restaurant in the heart of Padiham. The freehold property is a listed building with many fine period features.
This is a well-established business that has been running for over 30 years by the current owners. The premises is organised as a restaurant and bar on the ground floor and on the first floor, there is a banqueting hall for hosting events. There is also a first floor bar area and large seating area, which could, subject to planning, be turned back into a three bedroomed flat for accommodation. Viewing is strongly recommended.
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.
Do not 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 amount 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.