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Licensed Cafe and Bar for Sale in Busy Kingston Upon Hull Area, Near KC Stadium

Kingston Upon Hull, East Riding of Yorkshire
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  • Status

    FOR SALE

  • Date Submitted:

    18/01/24

  • Advert ID

    605218

  • Leasehold: £29,000
  • Rent: £9,000
  • Turnover: N/A
  • Net Profit: On request

Key Features

  • New Lease
  • Established Business

Business Details

Licensed Cafe and Bar for sale

Licensed Business FOR SALE.  CHANTS CAFE BAR                                                            

Location
The business is located on Chanterlands Ave this is an upcoming area close to Princes Ave and Newland Ave. It is a busy road in the city of Hull which is located in East Yorkshire. The KC Stadium is across the road and it houses the Hull City football club and Hull FC rugby club. Chanterlands Ave is surrounded by a vast amount of residential properties and complementary businesses which are all beneficial for the business as it derives much of its trade.

Business History
We are offering for sale this exceptional Licensed café which was established over 21 years ago and has been in the careful hands of us throughout. We are reluctantly offering the business to the market due to relocation in another City. Since we opened the business we have run the business at a pace that suits our lifestyle, meaning that there is massive scope for a new hands-on owner to further develop the business. We have been opening on Thursday 10am-2.30pm, Friday and Saturday 10am-2.30pm and Sunday 10am-2.00pm. This over the 21 years has a turnover of between 54-58K per annum which is derived from offering a popular hot & cold food menu, such as full breakfasts, jacket potatoes, sandwiches, cakes, teas and coffees and slush drinks. We serve wines and spirits and bottled beers but due to the early closing times, we have not fulfilled its potential. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed. For The Asking Price of £29,000.00 included are Granite Tables, Bar Stools Leather Seating, Large Stainless Steel Fridge and Freezer, Small Freezer, Fridge display, Large cooker, Stainless Steel Worktops, Twin Coffee Machine, Twin Slush Machine, Touch screen Cash Register, Various Cutlery and Crockery inc Plates, Cups, Glasses, Griddle, Fryer, three Flat Screen TVs and various other items. Any stock left over on the day of sale will be included Free. There is a staff toilet and a public toilet. There is an open kitchen and Serve over Bar with Food Preparation Area with Two stainless steel sinks. The front off the building has an external seating area. There is a small rear yard with a large waste bin. The Front of the premises has secure shutters and the rear has a solid steel secure door. CCTV is fitted throughout the inside and outside and a awning on the front. The Monthly rent for the Premises is £750.00 per Month with one month to be paid upfront and two month to be paid for the last two months of the Lease also upfront. A rental bond will be required  with a five year Lease that can be extended. We will remain in trade until the sale is completed. Business Rates are Zero on the Premises.

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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.

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