UK businesses for sale: A review of what's on the market UK businesses for sale: A review of what’s on the market

In this piece, we explore a range of UK businesses for sale and discuss why they are ideal purchases.

In this piece, we look at a range of UK businesses for sale

In this piece, we look at a range of UK businesses for sale

In this piece, we look at a selection of exciting UK businesses for sale, review what makes them ideal purchases and what type of person or business owner would benefit the most from acquiring them.

Beautiful Italian restaurant in Richmond for sale

Click here to take a look at this wonderful opportunity to buy a beautiful restaurant in Richmond.

Location

Richmond, London

Asking price

£130,000 (inc fixtures and fittings)

Sales revenue

£100k – £200k

Cash flow

Under £50k

Property

Leasehold

Who’s it good for?

A people person with a passion for Italian food. Someone with great communication skills and customer service. A good multitasker and problem solver.

The industry

The restaurant sector is booming and the eating out market is worth over £40 billion. Statistics show that British consumers are choosing to dine at independent restaurants more than ever before.

According to Savills’ report Casual Dining in the UK 2016, Italian remained the most numerous and popular of all casual dining cuisines, accounting for 45 per cent of all branded restaurants.

The business

This family-run Italian restaurant is situated in the heart of affluent Richmond. Established for five years, the owners are having to give the business up due to personal circumstances.

Nestled away on a picturesque pedestrianised street just off Richmond’s main shopping area, the restaurant is housed within a characterful three storey grade II listed building that’s approximately 400 years old.

Within proximity to Richmond Theatre and Richmond Green, Paved Court is a lovely community orientated area where almost all of the businesses are independently owned.

The business has an A3 food and alcohol licence allowing the restaurant to serve alcohol until midnight and food until 2 am – there is also scope to offer a takeaway service.

Tastefully decorated with neutral colours and feature wallpaper, the building has retained a lot of its charm.

Due to the building’s status as a listed building, expansion potential is limited, however, there are currently 40 covers spread over two floors and outside seating which is a sufficient number for the area. There is also a stock room on the top floor and a and a guest bathroom.

The restaurants trading hours are currently between 11 am and 10 pm Tuesday to Sunday, so there is further potential for the new owners to open the restaurant 7 days a week and open earlier to cater on weekends for breakfast and brunch.

With a reasonable rent of £22,000 per annum negotiable remaining lease of 9 years, this business is a rare opportunity for someone who has the time and the enthusiasm to invest in the restaurant sector.

The current owner says ‘my partner and I haven’t reached the full potential of the restaurant due to very difficult personal circumstances’ adding ‘for the right person, the sky is the limit.’
They are also happy to offer their advice and experience to the new owners.

Contemporary Florist in Leeds for sale

Here, we present the opportunity to purchase a contemporary florist in Leeds.

Location

Leeds, West Yorkshire

Asking price

£39,950

Turnover

£83,000

Net profit

£21,000

Property

Leasehold

Who’s it good for?

Someone who’s enthusiastic about the industry and who doesn’t mind getting up early to go to the flower market (trading hours are usually between 4 am and 10 am). Someone with a creative mind and a good eye for detail, who also doesn’t mind getting their hands dirty.

Someone willing to work weekends and special occasions – say goodbye to a day off on Valentine’s Day or Mother’s Day!

You’ll have to be a people person to be a florist and empathy is key – your customers will likely include excited brides/grooms, grieving family members or nervous first dates.

The industry

Flowers play an important role in many of the key events in our lives, from births to marriages and romances to apologies and deaths.

But they are no longer just for special occasions. The UK’s cut flower and indoor plant market is now worth approximately £2.2 billion, representing an average spend per person, per year of £36. Elton John once spent a whopping £34,000 in a month!

The business

Are you looking for a business that’s cheerful, creative and smells amazing? Or a business with demand all year round?

This modern independent florist is situated in a popular suburb of Leeds, West Yorkshire. Priding itself on its visually stunning arrangements, seasonal and handmade products and excellent customer service, this shop boasts a loyal customer base and a strong turnover.

Established in 2007, the business has demonstrated year-on-year growth and an impressive annual turnover of £75,000.

Beautifully decorated and fully equipped, the business is ready to occupy immediately with no further work required.

With a number of corporate clients, this florist works with businesses by furnishing offices and providing plants and flowers for events and communal spaces.

However, there is plenty of room for expansion and increased revenue by expanding the product offering into gifts, homewares and add-on products such as candles, jewellery and cards. The new owners could also branch out into supplying weddings.

Currently, the business only advertises on Facebook, so, there is plenty of scope for greater promotion to attract more customers through other social media outlets and local blogs.

The new owners could also look into setting up an online store and supplying a delivery service in the local area.

People are never going to stop being born, getting married or having birthdays, so buying a florist is a pretty failsafe option. And this is a truly unique opportunity for an enthusiastic new buyer to purchase a profitable florist business and grow it further.

Specialist vegan restaurant in Bournemouth for sale

Here’s a chance to purchase a vegan restaurant on the South coast.

Location

Bournemouth

Asking price

£80,000

Turnover

Available on request

Net profit

Available on request

Property

Leasehold

Who’s it good for?

A vegan, vegetarian or someone who has knowledge of a plant-based diet. Someone with good customer service skills; someone looking to relocate to the seaside.

The industry

Veganism is now one of ‘Britain’s fastest-growing lifestyle movements’ according to the Vegan Society and the number of vegans in the UK has risen by 360 per cent in the last ten years.
Last year, records showed that some 542, 000 people over the age of 15 have adopted a plant-based diet. A number representing over 1 per cent of the UK population and has risen from 150,000 in 2006.

Couple that with the fact that the restaurant sector is booming and you’re on to a winner. The restaurant sector has recovered well from the economic turmoil of the past 9 years and Brits are spending more than ever on eating out at the UK’s 56,000 plus restaurants.

Despite consumers tightening their belts when it comes to grocery and goods shopping, it appears they are increasingly willing to spend more on eating out with an average spend that’s £580 more per household than six years ago.

The business

With its popular central location in Westbourne, approximately 1 ¼ miles from Bournemouth and five miles from Poole, this well-presented recently refurbished vegan restaurant is a great opportunity for any business buyer.

Fully-equipped and fitted throughout, the restaurant has space for 40 covers, a private dining area, kitchen, wash up room external seating area and garden. The sale also includes the owner’s two-bedroom self-contained accommodation above the restaurant.

Specialising in organic, locally sourced, raw and plant-based foods inspired by a trip to Bali, the restaurant has built up an excellent reputation with 4 and a half stars on Google and Tripadvisor – the reviews focusing on the relaxing atmosphere, creative design and wholesome food.

The restaurant has been established for approximately eight years and is currently operated by the owners.

The restaurant is open five days and five evenings a week and closed on Mondays and Tuesdays, so there is scope for new owners to expand on these trading hours.

Further reading on UK businesses for sale

If you are interested in other UK businesses for sale, take a look at these other options on the market.

Comments (0)