Seaside Cafe/Restaurant for Sale in Westcliff on Sea, Essex with Low Overheads
Westcliff on Sea, Essex
- Status
FOR SALE
- Date Submitted:
06/07/23
- Advert ID
516211
- Reference
C6757E 277489 / Rightbiz
- Call Agent:
- Leasehold: £179,500 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Business Details
LICENSED SEAFRONT CAFE RESTAURANT
LICENSED SEAFRONT CAFE/RESTAURANT - WESTCLIFF-ON-SEA - Trading from a highly-enviable position in the increasingly sought-after parade which is very well known, referred to as The Arches. Our client has owned and operated the business since 2005, bringing the business to market with a genuine reason for sale due to retirement. The premises is fantastically presented throughout with a full complement of fixtures, fittings and equipment included within the sale price. The premises is held on a secure council lease at a rental of only £11,760 per annum for the cafe/restaurant. In addition, this unit also benefits from a storage arch at the end of the parade, also with a council lease, at a rental of £1,638 per annum. The storage arches are highly desirable as there are limited numbers of those for the number of businesses there. Benefitting from low overheads along with zero business rates payable, this really is a fantastic opportunity. Financial information can be made available to seriously interested parties at a viewing of the business with our client. We really feel there is massive potential here and with uninterrupted sea views, we expect strong levels of interest so an early viewing is advised.
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Listing Statistics
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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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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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