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Restaurants, North Lincolnshire

£99,950

Business rates & charges may apply

Ernest Wilson & Co Limited, EW Leeds
SIZE

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SECTOR

Restaurant for sale

Key features

  • 50 Cover Restaurant Closed at Present CURRENTLY OPEN JUST FOR TAKEAWAY
  • Operating Profit in Excess of £100,000
  • Scope for So Much More Here
  • VIEWING IS ESSENTIAL TO APPRECIATE THIS CONCERN

Description

RESTAURANT AND HOT FOOD TAKEAWAY in Scunthorpe for Sale.

A reputable pizza takeaway with an attached restaurant (currently closed). CURRENTLY OPEN JUST FOR TAKEAWAY. This easily run, family business has been operated by our clients for six years and the premises underwent a refurbishment in 2019 at a cost of £60,000. The restaurant is currently closed but the fixtures and fittings remain, allowing for imminent re-opening. We understand the premises was licensed however this has now lapsed. Weekly Turnover £12,000 to £13,000. We understand that there is an uptick in orders during the winter months and takings can increase to approximately £15,000 and could be up to £20,000 if new owners were to open the restaurant and operate over seven days. CURRENTLY OPEN JUST 5 DAYS A WEEK. Year end accounts for 2021 show a operating profit in excess of £100,000 with a profit margin of around 35% to £40%. Our client chooses to take one month of holiday each year. There is substantial scope for growth with the re-opening of the restaurant and renewing the licence. The premises comprises of a customer waiting area, serving counter, takeaway preparation / kitchen area, main restaurant kitchen with almost brand new equipment, storage area and staff toilets. The restaurant is open plan with space for approx. 50 covers with a bar area and customer toilets. Located on the outskirts of the town centre opposite a large public car park which has two hours free parking and is free at weekends.
EPC Band C.

About Ernest Wilson & Co Limited, EW Leeds

The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Selling a Business?

Selling a business in the UK? We’ll be with you every step of the way

Selling any business can be a daunting task, but even more so when you’ve worked hard to build your own. That’s why finding the right business transfer agent is so important; you need to trust that you are working with people who have your best interests at heart.

That’s exactly what you’ll find at Ernest Wilson. Our clients’ interests are at the forefront of everything we do, and we’re pleased to have built a reputation based on our passion for what we do, implicit trustworthiness and thousands of recommendations over the last 60 years. Selling your business can be a time of mixed emotions, but we’ll be with you every step of the way.

Ernest Wilson is the leading business transfer agent with offices throughout the UK. We will never ask for payment in advance, not only do we have the necessary expertise to correctly value your business, we also have the resources to professionally market that business and obtain the best possible price in the market.

No advance payments

We don’t believe in asking for payment in advance, so we simply won’t do it. We often find that those who do are more interested in obtaining your signature than finding you a buyer, leaving their clients underwhelmed by the lack of advertising and efforts put in to selling their business.

Our advice is straight forward: if an agent asks for any payment from you in advance, don't use that agent.

Confidential, discreet support

Selling your business calls for discretion balanced with commerciality. We know that simply putting up a For Sale sign often does little more than set tongues wagging and unsettle your staff, and we’re pleased that we sell over 99% of businesses without the need for one.

We don’t give out details of your business to a potential buyer unless they are registered with us. Only then will they receive the full particulars of sale on your business. Our drive, passion and attention to detail in selling your business means we’ll only introduce it to people who are the very best fit.

Unrivalled, interested contacts

Our database of potential buyers is unrivalled by other transfer agents, and we’re proud of our relationships with potential buyers that allow us to understand exactly what they are looking for – meaning we can sell your business faster.

We offer local, regional and online advertising, and have extensive links to finance through a variety of financial institutions which help to complete your sale.

Thinking of Selling

Notes

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Disclaimer - Property reference 588419. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ernest Wilson & Co Limited, EW Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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