Popular Kinross coffee shop & restaurant, Reminisce, for sale - local favorite with fresh menu
Kinross, Perthshire and Kinross
- Status
FOR SALE
- Date Submitted:
20/06/23
- Advert ID
515216
- Reference
B07397 / Rightbiz
- Call Agent:
- Freehold: £224,995
- Turnover: £90,610 (£1,743 Per week)
- Net Profit: £35,910 (40% Profit margin)
Business Details
Well established coffee shop and restaurant for sale
BusinessPlease quote reference B07397
CoGoGo are delighted to welcome to the market Reminisce Coffee Shop, a highly rated Coffee Shop and Restaurant in Kinross.
The business was first established by our clients in 1993, building up an excellent reputation and repeat client base. As seen by the fantastic online reviews, the business is extremely popular within the local community.
Reminisce Coffee Shop has now come to the open market due to ill health.
Reminisce Coffee Shop is well known for offering a freshly prepared menu for customers who are looking to eat in or takeaway, specialising in Coffee, Delicious Cakes, Breakfasts, Sandwiches & Other Treats.
Key selling points -
- Short walking distance from park and ride
- Round the loch path with safe storage for cyclists
- Local champion golf (Green hotel and golf)
- Open and spacious for dog friendly
- Loch Leven boat to the castle for visitors throughout the summer
- Increase marketing/advertising
- Create a dedicated website for online ordering
- Leaflet drops within the community
- Outside Catering
- Extend operating hours
Location
Reminisce Coffee Shop is on High Street, in the town centre of Kinross.
The business has eye catching signage, receiving good levels of footfall and passing trade.
Premises
Single fronted premises with the main entrance leading to the seating area and service counter. Kitchen facilities to the back of the unit. Additonal seating area on the first floor.
Tenure
We are advised that the business is being sold on a Freehold basis.
Hours
The current trading hours are -
Monday – Closed
Tuesday to Saturday – 9am – 4pm
Sunday – 10am – 4pm
Staff
We are advised that the business has 2 part-time staff members and 6 weekend staff members (Used more during the week during school holidays).
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £90,000. 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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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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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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