Boating Lake and Watersports Business with Coffee Shop for Sale in Essex
Undisclosed, Essex
- Status
FOR SALE
- Date Submitted:
14/04/24
- Advert ID
609765
- Reference
M0036E / Rightbiz
- Call Agent:
- Leasehold: £75,000 (Stock at valuation)
- Rent: £1,600
- Turnover: £97,000 (£1,865 Per week)
- Net Profit: £39,000 (41% Profit margin)
Key Features
- Potential for Alternative Use
- Fully Fitted
- Established Business
- Prime Location
- Open Plan Trading Area
- Small Business
- Accounts Available
- Unique Business
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Attractive Business
Business Details
BOATING LAKE, COFFEE SHOP, WATERSPORTS SALES AND HIRE BUSINESS PRICE: £75,000 plus SAV – LEASEHOLD
BOATING LAKE, COFFEE SHOP, WATERSPORTS SALES AND HIRE BUSINESS operating just behind FRONT LINE BEACH HUTS offering a SEAFRONT POSITION and a CAPTIVE AUDIENCE located within the TOWN CENTRE of this NORTH ESSEX COASTAL TOWN. The business has been ESTABLISHED SINCE 2020 by our client who seized the opportunity to provide hire services on the 100-YEAR-OLD BOATING LAKE such as PEDALOS, KAYAKS AND PADDLEBOARDS along with a RETAIL SALES and a COFFEE SHOP. The business benefits from MULTIPLE REVENUE STREAMS, FULL COMPLEMENT OF EQUIPMENT, LOW OVERHEADS and has been brought to market with a GENUINE REASON FOR SALE. We are advised the annual takings are circa £90,000 ON REDUCED HOURS AND SEASONAL OPENING that achieves a high gross profit margin and offers HUGE SCOPE to further increase revenues. Adjusted NET PROFITS SHOW IN EXCESS OF £39,000. The premises are held on a SECURE LONG-TERM LEASE at a current rental of ONLY £1,600 ANNUM exclusive and benefits from ZERO BUSINESS RATES PAYABLE. Rarely does such a type of business come to the open market so an EARLY VIEWING IS ADVISED by sole agents ESSEX AND SUFFOLK BUSINESS SALES.
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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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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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