Billericay Essex's Top-rated Pete's Place Cafe and Coffee Shop Now Open for Sale
Billericay, Essex
- Status
UNDER OFFER
- Date Submitted:
20/02/24
- Advert ID
607082
- Reference
B07850 / Rightbiz
- Call Agent:
- Leasehold: £69,995
- Turnover: £170,000 (£3,269 Per week)
- Net Profit: Not Applicable
Business Details
Highly Rated Cafe And Coffee Shop For Sale
BusinessPlease quote reference B07850
CoGoGo welcomes to the market Pete's Place Ltd T/A Pete's Place - Cafe & Coffee Shop, a highly rated cafe and coffee shop in the village of Ramsden Heath, Essex.
The business was founded by our client in 2019, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, its proven to be extremely popular within the local area.
Pete's Place - Cafe & Coffee Shop has now come to the open market due to our clients desire to move on.
This well run business opportunity offers specialty coffees and a range of hot drinks. They also provide traditional cafe foods like Full English Breakfasts, Sandwiches, Cakes and Light Lunches.
Key selling points -
- Well established
- Great reputation
- Endless potential
- Turnkey business opportunity
- Extend trading hours
- Increase advertising and marketing
- Create a dedicated business website
- Potentially look at a delivery service locally
Location
Pete's Place - Cafe & Coffee Shop is located on Heath Road in Ramsden Heath, Essex.
Due to its trading location and position on a corner, its easily seen from all roads and angles.
Premises
Ground floor -
- Well presented service area with 45 covers inside and 24 covers outside
- Kitchen area
Outside garden space to the rear of the premises for the warmer months
Tenure
We are advised that the business is being sold on a Leasehold basis, with the current 5 year lease due to expire in 2024. The current rent is £18,700 per annum.
A new buyer would have to negotiate a mutually acceptable lease with the landlord.
Hours
The current trading hours are -
Monday - Closed
Tuesday to Saturday - 9:00am - 3:00pm
Sunday - 10:00am - 2:00pm
Staff
We are advised that the business is run and managed by our client, with the help of 1 full time and 12 part tine staff members.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £170,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.'.
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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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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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Contact seller
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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