Popular Sandwich Bar & Coffee Shop in Leigh on Sea Essex for Sale
Leigh on Sea, Essex
- Status
UNDER OFFER
- Date Submitted:
06/12/22
- Advert ID
504828
- Reference
C6663E RX262435 / Rightbiz
- Call Agent:
- Leasehold: £24,950 (Stock at valuation)
- Rent: £5,300
- Turnover: On request
- Net Profit: On request
Business Details
SANDWICH BAR COFFEE SHOP
SANDWICH BAR/COFFEE SHOP - LEIGH-ON-SEA - A sandwich bar/coffee shop which has been owned and operated by our client since 2018, but was established a long time before that. Our clients have built up a good reputation over their period of ownership, with a loyal and regular customer base, supported by a 4.5* Google review. Good trading location with considerable vehicular and pedestrianised passing trade, benefitting from being in very close proximity to various schools. Our clients offer a phone-holding service for the school children which drives significant trade from the schools to the business. The premises is surrounded by various other independent traders in addition to big-name traders such as a Boots Pharmacy, library, Ford & Kia garage. Turnover averages £1,500 per week for shop sales only working to the usual high gross profit margins associated with the trade. Our client doesn't offer a delivery service, so leaves huge scope for a purchaser to incorporate that, which in turn would greatly increase the turnover of the business. 5 years unexpired on the lease at a rental of £5,300 per annum. Viewing recommended. RX262435 C6663E
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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