Established Cake and Sandwich Bar with Rare A5 Take Away Permit in Watford For Sale
Watford, Hertfordshire
- Status
FOR SALE
- Date Submitted:
04/12/23
- Advert ID
603459
- Leasehold: £29,999
- Rent: £15,000
- Turnover: On request
- Net Profit: On request
Key Features
- Established Business
- Close to Local Amenities
- Trade Gardens Available
- Ideal for Full Refurbishment
- New Lease
- Fully Fitted
- Planning Consent Available
- Accounts Available
- High Turnover
- Attractive Business
- Small Business
- Company for Sale
- Price Reduced
Business Details
Cake & Sandwich Bar with A5 Take Away use in Watford For Sale
For Sale: Established Bakery and Cafe Business
📅 Established Since January 2008
✨ Key Features:
- Prime location with a forecourt, seating for 4 persons.
- A5 Take away use license ( really rare to find in Watford)
- Operating 7 days a week with a 4-star hygiene rating.
- Compact 480 ft² premises with electric shutters, canopy, and air extraction system.
- Well-lit interior with seating for 10 persons.
- Fully equipped kitchen with stainless steel extractor unit, commercial oven, pizza deck, fridges, and freezers.
- CCTV system with 4 cameras.
- Staff toilet and stock room available.
📈 Financials:
- Current turnover averaging £3,000 per week with a gross profit of approximately 65%.
- Established partnerships with Deliveroo and Uber Eats for breakfast, lunch, and dinner services (on pause, it can be activated at anytime).
👥 Staff:
- Currently operated by the owner with one part-time staff member.
⏰ Trading Hours:
- 7 days a week with a license from 7 a.m to 11 p.m and standard hours from 8 a.m to 6 p.m.
🌳 Outside:
- Rear garden space available.
🏠 Tenure:
- Secure renewable 15-year lease with a landlord willing to negotiate.
- Rent: £15,000 p.a. for the first 5 years with rent reviews every 5 years.
📉 Business Situation:
- Reason for Sale: Owner is divesting due to other business interests and health issues.
- The business has been successfully operating since 2008.
- Specializes in French-style cakes, previously known for the best sandwiches and pizza in town.
- Owner recently stopped operations of sandwiches, pizza, croissants, halal sausage roll due to health issues.
- All equipment for sandwich and pizza production is available, including a Tom Chandley three-deck oven.
📢 URGENT SALE:
- Owner is urgently looking for a serious buyer.
- The business is well-established with a loyal customer base.
- Sales channels include website, WhatsApp, in-person, Instagram, and Facebook.
- Opportunity for the new owner to revive the popular sandwich and pizza offerings.
🚫 Liability Disclaimer:
- Business offered without liabilities; buyer to perform due diligence.
- Please contact the local authority to confirm business rates.
🔑 Act Now:
- Don't miss this opportunity to own a thriving business with growth 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.
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