Well Established Ironbridge Cafe in Telford Shropshire with High Footfall and Growth Potential
Telford, Shropshire
- Status
SOLD / WITHDRAWN
- Date Submitted:
13/04/23
- Advert ID
511598
- Reference
B07295 / Rightbiz
- Call Agent:
- Leasehold: £200,000
- Turnover: £250,000 (£4,808 Per week)
- Net Profit: £100,000 (40% Profit margin)
Business Details
Well established Cafe for sale in Ironbridge
BusinessPlease quote reference B07295
Hilton Smythe are delighted to welcome to the market Truffles Cafe, a highly rated Cafe in the large village of Ironbridge, Shropshire.
Truffles Cafe was originally established over 30 years ago, with our client taking over in 2004. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
The business has now come to the market due to our clients desire to retire.
Truffles Cafe is known for being a busy classy cafe with a great atmosphere.
The position of the cafe is in the prominent world Heritage site and gets a huge number of tourists from all over the world.
Key selling points -
- Great footfall
- Well established
- Excellent reputation
- Repeat client base
- Great local support
- Scope for further development - extend hours
- Cafe is licenced
- Located in the World Heritage site - a huge number of tourists from all over the world visit Ironbridge
Location
Truffles Cafe is located on Wharfage, in the large village of Ironbridge, Shropshire.
The business has eye catching signage and receives high levels of footfall and passing trade.
Great footfall due to the fact of it being in a world heritage site, just 50 yards from the famous Ironbridge. The area has 10 museums and a Victorian town of Bliss Hill all within a few miles' radius. There are numerous events that take place within the town over the course of the year.
Premises
Occupies a double fronted premises.
- Front service area
- Kitchen area
- WC
- Internal seating - Tables, Chairs, Sofa's
- External seating at the back of the premises.
Tenure
We are advised that the business is being sold on a Leasehold basis. As our client owns the freehold, they have advised that a mutaully agreed lease to be negotiated with the new buyer. Our client has advised that a freehold purchase option may be available down the line.
Hours
The current trading hours are -
Monday - 09:30 - 16:00
Tuesday - 09:30 - 16:00
Wednesday - 09:30 - 16:00
Thursday - 09:30 - 16:00
Friday - 09:30 - 16:00
Saturday - 09:15 - 17:00
Sunday - 09:15 - 17:00
Staff
We are advised that the business has 8 part-time members of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £250,000. Further financials can be made available upon request.
Contact Agent
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.
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