Two Established Independent Coffee Shops in Busy London Suburb for Sale
Undisclosed
- Status
FOR SALE
- Date Submitted:
28/06/21
- Advert ID
278866
- Reference
BMB10613 / Rightbiz
- Call Agent:
- Turnover: £610,000 (£11,731 Per week)
- Net Profit: £189,500 (32% Profit margin)
Key Features
- Established Business
- Attractive Business
- Company for Sale
- Offers Invited
- Prime Location
Business Details
Two London based Independent Coffee Shops
BUSINESS OVERVIEW
BuyMyBiz is exclusively retained to find a purchaser for these established independent coffee shops. Over the past 5 years, the business has grown organically and built a well-respected reputation in a busy residential London suburb.
Long Established & Respected Business
There are currently two shops specialising in artisan coffee, freshly baked pastries and a selection of light snacks. One shop has the capacity for 30 covers internally, plus 22 externally and bakes the cakes and savoury for both shops, whilst the other shop offers 8 covers but is mainly takeaway only. There is a real opportunity for a new owner to grow the business by opening additional outlets and/or additional offerings such as barista coffee courses, private hire events or supper clubs in the evening. The larger shop has an A3 license so could expand to include evening trade and expanded brunch and lunch offerings.
Opportunity to Grow Market Share
An experienced management team currently oversee the day to day activities across the two shops, with the vendor taking a back seat. A full and mutually agreeable handover period will be provided.
REASON FOR SALE
After running the business for over 5 years, our client is preparing for a family relocation outside of the UK and believes the future business opportunity will be best realised in the hands of a new entrepreneurial owner or larger business with the experience, enthusiasm and resources to drive the business forward to the next level.
The Opportunity
Ideally, we seek an acquirer with the requisite experience and resources to take this business to the next level. Consideration will also be given to buyers with strong market or client synergies looking for a ‘bolt-on’ business that can add value to existing operations.
- Solid Goodwill & Reputation
- Established Business Reputation
- Financially Stable
- Loyal Local Clients
- Experienced & Capable Management
- Scalable
PRICE
Offers are invited for 100% of the shares in the business
(All offers to be based on a cash free/ debt free basis)
Contact Agent
Listing Statistics
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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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