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Established Cake shop for sale in London

City of London, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    05/01/22

  • Advert ID

    288385

  • Leasehold: £175,000
  • Rent: £27,500
  • Turnover: £400,000 £7,692 Per week
  • Net Profit: N/A

Business Details

Established cake shop for sale

The business has been established for 12 years. Based in South London. It is well-connected by transport routes with underground station links nearby. The area is quite affluent.

The area has virtually no competition in the area. There is only a cake box franchise nearby. People travel from other areas to visit our shop. There is an established returning clientele with many walk-in customers.

The sale is for the leasehold of the place. Willing to sell it at 175000 or your nearest offer. The sale includes a cold room, oven, and all machines are ready to go. The yearly turnover is approximately £400,000.

The place is open seven days a week. The weekday timings are 10:00 am to 6:00 pm. The Saturday timings are 10 am to seven pm. The Sunday timings are 11 am to five pm. (These are enforced hours due to covid. The new owner may wish to open for a longer period).

At the moment we have three employees including a very experienced chef willing to stay on as well. We have a social media presence on Facebook. We also have a website. Currently, we are providing an online ordering service using a courier service. We are willing to provide training opportunities to new owners.

The annual rent is 27,500, and the rates amount to 3,500. The rent is very cheap for the area. The landlord is good the lease was renewed last year for 15 years.

The reason behind the sale is retirement.

Get in touch for more information.

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Key Features

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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.

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