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CONFIDENTIAL SALE
FOR SALE
13/03/24
608159
VC451H / Rightbiz
This business is on the market for the first time since it was started in 2011, when the current owner set up this traditional Italian Café/Bistro he and his son now own and run it and have now decided that they want to concentrate on their other business interests.
The certified accounts show an annual turnover in excess of £213,000 for the financial year ending March 2023. These accounts also show an adjusted net profit of over £81,000. Management accounts for the current financial year project an increase in turnover of £75,000 and an additional £30,000 in net profit. These accounts will be available from April 2024.
Our clients currently work in the business full time. This business would work best for a full time working owner/couple who would be able to sustain the net profit at its current level. There is plenty of room for growth with our clients currently not opening for breakfast at all, and only opening 4 days per week with the occasional Wednesday evening if they have bookings.
This business comes with a secure, 15 year renewable lease with a current rent of £18,000 per annum inc. VAT. This is due for renewal in 2026.
Viewing strictly by appointment only.
Price to include the goodwill of the business, the remaining term of the lease and the entire inventory of trade fixtures, fittings and equipment. Our client will also provide any advice or assistance on handover if required.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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