Buy a Well-Established, Award-Winning Cafe in Southport Merseyside
Southport, Merseyside
- Status
FOR SALE
- Date Submitted:
12/04/24
- Advert ID
609723
- Reference
B07979 / Rightbiz
- Call Agent:
- Leasehold: £69,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Well Established Cafe For Sale
BusinessPlease quote reference B07979
CoGoGo are delighted to welcome to the market Hoghton Lounge Bar, a highly rated strong standing cafe in Southport.
The business was established over 20 years ago and came under our careful ownership in 2019, who have continued the success and built up an excellent reputation and loyal, regular customer base.
The business now comes to the market reluctantly due to our clients family commitments.
Over the last 5 years, the business has become well known for their great hospitality of friendly staff and ambient, welcoming atmosphere.
They proudly stand with their award for their delivered Afternoon Teas, have received a Local Neighbourhood Recognition Award and have invariably been Trip Advisor's Traveller choice.
Hoghton Lounge Bar produces freshly made, home cooked food and cakes to go along with their coffees, teas and luxury milky hot chocolates. The business is open 7 days a week holding an alcohol license offering a range of beers, spirits and wines.
The business is occasionally booked for hire for family gathering, special occasions and private functions where they are given many menus to choose from for their own tailored catering for the event.
The business also holds outside catering contracts for numerous business and has regular bookings.
Key selling points:
- Well established
- Great location
- Small business
- Close to many local amenities
- Fully fitted
- Attractive business
- New lease to be granted by landlord
Scope for development:
- Extend opening hours
- Increase business advertisement
- Provide a takeaway service
- Explore delivery offerings from the likes of Just Eat, Uber Eats and Deliveroo etc
- Supply meals to local residents
Location
Hoghton Lounge Bar is located in Southport, Merseyside surrounded by passing trade.
Premises
The cafe seats 40 covers inside and has a paved front area that seats 20 covers.
This is complimented with tall planters and outside ambient lighting.
Tenure
The business is being sold on Leasehold basis with 6 years remaining on the lease.
The current rent is £1122.48 per month.
We are advised a new Lease is to be granted by Landlord.
Hours
The current trading hours are:
Monday to Saturday - 9:00am to 5:00pm
Sunday - 9:00am to 3:00pm
Staff
The business is run and managed by our clients with the help of 6 staff members, 2 being full time and 4 being part time.
Financial Profile
The business generates £3,500 per week. Full financials can be made available upon further request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.'.
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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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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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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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