Traditional A3 Cafe in North Essex Town Offering 46+ Covers for Sale
Undisclosed, Essex
- Status
FOR SALE
- Date Submitted:
15/02/24
- Advert ID
606831
- Reference
C0025E / Rightbiz
- Call Agent:
- Leasehold: £39,999 (Stock at valuation)
- Rent: £11,000
- Turnover: £90,000 (£1,731 Per week)
- Net Profit: On request
Key Features
- Adjacent to Multiple Retailers
- Open Plan Trading Area
- Small Business
- Established Business
- Prime Location
- Fully Fitted
- Close to Local Amenities
- Accounts Available
- Town Centre location
Business Details
TRADITIONAL A3 CAFE WITH 46+ COVERS REF: C0025E PRICE: £39,999 – LEASEHOLD NORTH ESSEX TOWN
TRADITIONAL A3 CAFE located on the HIGH STREET within the TOWN CENTRE of this NORTH ESSEX COASTAL TOWN, which is SURROUNDED BY MAJOR RETAILERS. The business has been ESTABLISHED SINCE 2002 having been set up by our client who has been operating the business under the SAME OWNERSHIP FOR 22 YEARS who has brought it to market with a GENUINE REASON FOR SALE. The business is now COMPLETELY STAFF RUN and boasts the ONLY COVERED SEATING AREA in the local vicinity accommodating 26 external covers. We are advised the annual takings are circa £90,000 working to a high gross profit margin with HUGE SCOPE to further increase revenues. The premises are held on a secure lease at a current rental of £11,000 per annum exclusive and benefits from ZERO BUSINESS RATES PAYABLE. We feel this is an IDEAL ENTRY LEVEL BUSINESS that would be HIGHLY PROFITABLE for a hands-on owner operator, so an EARLY VIEWING IS ADVISED by sole agents ESSEX AND SUFFOLK BUSINESS SALES.
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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