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CONFIDENTIAL
FOR SALE
612143
A prominent cafe in the city of London is on the market for sale. This well-established business has been in operation for over three and a half years, setting a strong foothold in the area. The asking price for the leasehold is £35,000, and the business currently yields an annual turnover of £104,000.
The cafe enjoys a prime location in the city, witnessing a heavy footfall throughout the day. It sits merely 5 minutes away from a frequently used underground station with multiple bus routes intersecting. The cafe's strategic placement just off the main road gives it significant exposure to passers-by. The proximity to several bus stops and the underground station contributes to the remarkable footfall. Moreover, the surrounding busyness of the commercial area provides healthy competition.
The sale of the establishment includes all relevant fixtures and fittings. There is potential for alternative use as it was also previously run as a Restaurant.
The decision to sell stems from unforeseen circumstances that forced the departure of our key partner and chef. Unfortunately, without his support, I find it challenging to maintain a balance between my own career and managing this business.
The cafe currently operates from 7am to 4pm. However, there's a license available allowing operations till midnight, which presents excellent potential for increased revenue for the new owners. There are currently two full-time and one part-time employees working in this business who would be valuable assets to the new proprietor.
To ensure a smooth transition, we are willing to provide training opportunities to the new owners. For complete details and to further discuss the sale of this profitable business, please feel free to contact me.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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