Popular Cafe & Italian Bistro in Top 5 TripAdvisor Rankings for Quick Health-Related Sale
Lincoln, Lincolnshire
- Status
FOR SALE
- Advert ID
614990
- Leasehold: £25,000
- Rent: £9,360 (£780 per month)
- Turnover: £125,000 (£2,404 per week)
- Profit: £50,000 (40% Profit margin)
Key Features
- Established Business
- High Turnover
- Small Business
- Close to Local Amenities
Business Details
Cafe for sale Established over 20 years quick sale due to health issues
This Cafe & Italian Bistro business has been successfully operating for the past 20 years and has established a solid following. It sits at number five on Tripadvisor in Lincoln as a result of serving its faithful clients and an increasing number of new customers. Conveniently located a minute's walk from the high street, the restaurant is accessible and always ready to serve its customers. We are currently open Wednesday to Saturday 12pm to 3pm, and 5pm to 8.30pm, and can accommodate up to 32 patrons between the indoor and outdoor seating areas.
The restaurant brings a unique charm with its warm and rustic interior. Designed with rustic wooden tables that bask in natural light, the dining area provides a cozy atmosphere. The courtyard has an alfresco dining experience with a seating capacity for an additional 16 guests outside.
On entering the business there is a display counter, it features an espresso machine, well-stocked wine racks, and Illy coffee. The street-front visibility of the location coupled with its central location makes it easily accessible, attracting a significant amount of foot traffic.
Currently, our menu comprises a rich variety of Italian dishes along with a specials board. This suggests our established offering that we constantly update to cater to the diverse palette of diners. While we have been successful in using delivery platforms like Deliveroo, Just Eat, and Uber Eats before, we chose to focus on our in-house customers.
Unfortunately, due to ill health circumstances, we are compelled to sell the business. We are looking to sell very soon and we welcome any reasonable offers. Despite being reluctant to let it go, we trust that the new owners would show the same care and dedication that enabled us to serve our customers for two decades.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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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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