Bournemouth Dorset's Renowned Leo Cafe Business on Sale Now!
Bournemouth, Dorset
- Status
FOR SALE
- Date Submitted:
03/06/21
- Advert ID
277582
- Reference
B06182 / Rightbiz
- Call Agent:
- Leasehold: £60,000
- Turnover: £244,000 (£4,692 Per week)
- Net Profit: Not Applicable
Business Details
Well established Cafe business for sale
BusinessPlease quote reference B06182
CoGoGo are pleased to have been given the opportunity to manage the sale of Leo Cafe, which is a well-established café business with a renowned reputation amongst local residents and shoppers. This is a superb opportunity to take on a popular local business in an area teeming with customers.
The business has been under the careful and meticulous ownership of our client since 2017 with the business only now coming to the market as they look to pursue another business venture.
The business offers a traditional, modern café environment with 50 plus covers within a popular shopping centre, offering a range of quality fayre including full breakfasts, light lunches, pastries teas and coffees and also offers vegetarian and gluten free options on either a sit in or takeaway basis.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with offering catering solutions for private and corporate events.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established or for an experienced operator looking for an additional business with an attractive income stream.
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.
Location
The business is located in the popular coastal resort town of Bournemouth on the south coast of England and ideally situated in a prime trading location within the Richmond Gardens Shopping Centre. As you would imagine, the business is surrounded by a host of complimentary retailers, leading to an excellent level of footfall along with passing trade.
Bournemouth is one of England’s leading coastal holiday destinations, as a result the area is very well serviced in terms of local amenities along with major transport links to and from the town.
Premises
The business is located in a modern, bright café premises briefly comprising, main seating area with capacity for 50 plus covers, with external seating area in addition. Main service counter, kitchen area located to the rear of the premises, fitted with a host of industry standard equipment and ample food preparation areas and storage. The business is well presented and can be found in excellent condition throughout.
Large stores including a JD Gyms are opening in the centre. 600 apartments are also being built with the next 18 months.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 6 years remaining on the 10 year lease. The rent is £2,080 per month.
Hours
The business hours are -
Monday – 07:00 – 18:00
Tuesday- 07:00 – 18:00
Wednesday – 07:00 – 18:00
Thursday – 07:00 – 18:00
Friday – 10:00 – 15:00
Saturday – 07:00 – 18:00
Sunday – 08:00 – 16:00
Staff
We are advise that the business has 5 full-time staff members.
Financial Profile
Full financials can be made available upon further request.
Please quote reference B06182
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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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