FOR SALE
09/03/22
291852
BB5145 / Rightbiz
Overview:
For Sale is a fantastic opportunity to buy a coffee house business that is located at the lower end of Margate’s eclectic High Street, a lovely 10-minute seafront stroll from the train station, or a hop, skip and jump from the town centre car parks.
Selling as a going concern including goodwill, all stock, all inventory inside the shop, logos, artwork, HR documents, online website and store.
Annual Turnover: TBC
Annual Turnover Period: Annual
Net Profit: TBC
Tenure:Leasehold Lease term: 6
Lease Expiry: Annual Rent: £10,320
Business Rates: 0 Business Established: 2012
Current owner has run this business for: Not sure what you mean
Business Sale Description:
Margate is on the up & it’s the perfect time to take advantage of this rare opportunity to purchase a popular, well-established coffee shop, voted No.1 on TripAdvisor.
This is a business that is ideally located on the High Street opposite a high-end hotel & a host of smart restaurants, also a stone’s throw from Margate’s beautiful sandy beach and historic Old Town. Could you be the person to take this already thriving business forward? The shop is being sold with all appliances fixtures & fittings included.
Highlights of this business are that it includes a fabulous La Marzocco barista coffee machine, a well-organised counter, wooden tables chairs for 40 covers.
A real jewel in its crown is the potential of the outside Garden seating area. There’s also a separate inside eating area towards the rear that’s perfect for small groups.
The shop is open daily with viewings strictly by appointment, but why not treat yourself to a coffee/cake and imagine yourself as the new proud owner?
This is a great business and we would advise a viewing as soon as possible.
For further information please do not hesitate to contact us.
Key Features of This Business:
Excellent Reputation;
Events Hosted;
Friendly & Professional Team;
Well Equipped Premise;
Loyal Custom Base;
Equipment to be included;
Holds Secure Contracts;
Huge Growth Potential;
Variety of Services or Products;
Spacious Premises;
Locally Sourced Products;
Has Supplier Relationships;
Room to Expand
Key Business Information:
Well Equipped Premises;
Loyal Custom Base;
High Growth Possibilities;
Large/Spacious Premises;
Excellent Reputation;
Equipment included In Sale
Key Location Features:
High Street Location;
Close to Local Businesses;
Nearby Car Parking;
Residential Location;
Limited Competition
Accommodation Included: No
Potential Growth Opportunities:
Any new owner could utilse the back garden, the reason it hasn't been so far has been due to corona virus. Also there is a basement that is also unused. There has been talks of the High St being pedestrianized which would massively help the business. The current trading hours for the business is 9am-3pm, so any new owner can extend the opening hours to open earlier and shut later.
Vendor Open To a Transition Period: YES
Business Sector Type: Hospitality
Are Company Accounts Available: YES
Management Structure For Business: Run by owner
Number of Staff: 3
Business Sale Asking Price:
Offers Around £45,000
Business For Sale BB5145- Excellent Coffee Shop Business For Sale In Margate
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
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