Bustling, Well-Established Cafe Business for Sale in Hove, East Sussex
Hove, East Sussex
- Status
FOR SALE
- Advert ID
612682
- Leasehold: £25,000
- Rent: £14,000
- Turnover: £130,000 (£2,500 Per week)
- Net Profit: £2,000 (2% Profit margin)
Key Features
- Accounts Available
- Established Business
- High Turnover
- Offers Invited
- Prime Location
- Small Business
- Unique Business
- Town Centre location
- Open Plan Trading Area
- Potential for Alternative Use
- Close to Local Amenities
- Fully Fitted
- Company for Sale
Business Details
Cafe for sale
A well-established, bustling cafe located in the heart of Hove, East Sussex, is currently for sale. Enjoying a great location just off Western Road in Hove, this has been a thriving business for the past two years and presents a fantastic opportunity for an aspiring industry leader. The cafe has shown a strong revenue performance, with weekly receipts amounting to £3,000 and an annual turnover of £130,000. The leasehold price is set at £25,000 - a reasonable figure considering it includes the entirety of the cafe's assets.
Occupying a prime position in the town center, the cafe has been fully fitted to maximize the potential of the open plan trading area. Efficiently tooled to serve a high volume of customers, the cafe is ready for immediate operation. This establishment utilizes popular delivery platforms like Deliveroo, UberEats, and Just Eat; thus pre-empting the need to start this form of outreach from scratch.
The potential of the cafe extends beyond its current functionality. The space provides the potential for alternative use, should the purchaser be open to this opportunity. The location is close to a range of local amenities that could be leveraged to further the growth of the cafe, or indeed, a different business venture.
The lease, which runs for a further 3 and a half years, can be extended for a suitable applicant. Its rental cost currently stands at £14,000 yearly, with no business rates applied. Because of the current owner's health issues, the business is up for sale. All serious inquiries are welcome, for further viewing or information.
This is a unmissable opportunity to invest in a unique, established business, complete with accounts and high turnover. The offer also includes all the stock, making it a ready-to-go business proposition. Please note that the time and resources spent on this worthwhile endeavor warrants interest from genuinely committed parties only. Potential buyers who can recognize and appreciate the value this business venture holds are more than welcome to submit an offer close to the asking price.
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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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