Refurbished Brunch Bakery Patisserie in London for Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
26/06/23
- Advert ID
515634
- Leasehold: £180,000 (Stock at valuation)
- Rent: £35,000
- Turnover: £300,000 (£5,769 Per week)
- Net Profit: On request
Key Features
- Established Business
- Small Business
- Close to Local Amenities
- Attractive Business
- Fully Fitted
- Incentives May Be Available
- Adjacent to Multiple Retailers
Business Details
Newly refurbished Brunch Restaurant Bakery Patisserie for sale
An established bakery patisserie coffee shop serving brunch is up for sale in Richmond, London. The leasehold price is £180,000, with a current turnover of £300,000. The owner is open to offers.
The business is fully fitted and includes all fixtures and fittings in the sale, valued at £100,000. Air conditioning is also provided. The establishment offers 60 covers, outside seating, and an open kitchen, with an a3 license. It was refurbished to a high standard only 10 months ago, making it an attractive business opportunity.
The reason for the sale is due to the long commute, as the owner I am located in east London, making it unmanageable. The current opening hours are 7:30 am - 5:30 pm, with the potential to increase evening hours as everything is in place to achieve this.
There is the possibility of taking over the current business as a franchise, as the owner I have similar shops in south-east London. The cost to take this over as a franchisee would be reduced to £100,000, with supply provided by us. The franchise has a social media presence and an online website presence.
The owner is open to offers and encourages interested buyers to let them know. The sale also includes training opportunities for the new owners, making it fully fitted and ready for immediate takeover. Incentives may be available.
The business is located adjacent to multiple retailers, enhancing its attractiveness. For complete details about this business opportunity, please contact the current owner.
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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.
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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.
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