Top-Rated East London Wine Bar on the Market, Potential for Growth
City of London, London
- Status
FOR SALE
- Date Submitted:
05/04/24
- Advert ID
609320
- Reference
B07967 / Rightbiz
- Call Agent:
- Leasehold: £55,000
- Turnover: £82,226 (£1,581 Per week)
- Net Profit: Not Applicable
Business Details
Highly Rated Wine Bar For Sale
BusinessPlease quote reference B07967
CoGoGo welcomes to the market Dina Wines Ltd, a highly rated Wine bar located in the Leytonstone area of East London.
The business has been under our clients ownership since the end of 2021, originally trading as a shop before changing to the current wine bar. As seen by the online ratings, reviews and large social media following, the business is extremely popular within the area.
Dina Wines Ltd has now come to the open market as the business is too much work for one person.
Dina Wines Ltd is a Buvette style wine bar based in the heart of South Leytonstone, serving up small plates alongside a daily changing offering of natural wines. Playing mostly great music on @audiogold and having the occasional guest chef, the business has proven to be a go to in the area.
The sale of the business includes the business website and social media accounts, with an Instagram platform of over 5,000 followers.
Key selling points -
- Excellent reputation
- Fantastic online ratings and reviews
- Large social media following
- Plans in place for a large development in the area - flats to be built behind the high road which could bring more customers
- Expand the online business
- Get a full time chef
- Offer Coffee/Brunch
- Increase advertising and marketing
Location
Dina Wines Ltd is located on High Road, in the Leytonstone area of East London.
Due to its location and position on this main road, ith receives high levels of footfall and passing trade.
Premises
- The premises consists of one main room with a total covers of 18 seated.
- A kitchen, small storage area and toilet to the rear.
- A premises that comes alive in the evening.
Tenure
We are advised that the business is being on a Leasehold basis, currently with 2 years remaining on the lease (as of April 2024). The rent is £1,200 per month.
Hours
The current trading hours are -
Monday to Tuesday - Closed
Wednesday to Friday - 4:00pm - 10:00pm
Saturday - 2:00pm - 10:00pm
Sunday - Closed
Staff
We are advised that the business has 3 part-time staff members.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £167,000. 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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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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