Top-rated Southampton cafe with alcohol license for sale
Southampton, Hampshire
- Status
FOR SALE
- Date Submitted:
11/05/23
- Advert ID
513034
- Reference
B07320 / Rightbiz
- Call Agent:
- Leasehold: £59,995
- Turnover: £152,557 (£2,934 Per week)
- Net Profit: Not Applicable
Business Details
Highly rated cafe for sale in Southampton
BusinessPlease quote reference B07320
CoGoGo are delighted to welcome to the market Retro Cafe, a highly rated cafe in Southampton.
Retro Cafe was first established in 2014, with our client taking over in 2018. As seen by the online ratings and reviews, it's extremely popular within the local area, building up an excellent reputation and regular customer base.
The business has now come to the open market due to our clients desire to pursue other business ventures. The vendor is keen to see her beloved Cafe/Coffee Shop passed to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
This retro style cafe offers a wide variety of food, as well as hot and cold beverages.
Key selling points -
- Great location
- Excellent reviews
- Ideal family run business
- Bespoke decor & furnishing
- Alcohol licence in place
- Increase advertising/marketing
- Extend the trading hours.
Location
Retro Cafe is located on Bedford Pl, in the heart of Southampton.
The business has eye catching signage and receives high levels of footfall and passing trade.
Retro Cafe is within close proximity of the Royal South Hants Hospital and Solent University.
Premises
The café is a substantial size. Across the front of the property are large windows, this allows for a bright and airy interior.
Inside is the open plan seating area. The seating choice allows for a clean open feel. There are several two-seater tables around. Behind is the kitchen area which is visible to the seating area.
Through to the rear of the property is a storeroom, customer toilet, preparation area, further storage and refrigeration storage.
The premises only has an electrical supply and there is no gas.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £15,000 per annum.
Hours
The current trading hours are -
Monday to Saturday – 9:00am – 4:00pm
Sunday – 10:00am – 3:00pm
Staff
We are advised that the business has 6 members of staff (2 chefs - 30 hours, 1 manager 35h hours and 3 part-time)
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £130,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
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