Established Cafe with 30-Year Growth Record in Nuneaton Warwickshire for Sale
Nuneaton, Warwickshire
- Status
FOR SALE
- Advert ID
621050
- Leasehold: £35,000
- Rent: £5,200 (£433 per month)
- Turnover: £82,000 (£1,577 per week)
- Profit: On request
Key Features
- Established Business
- Small Business
- Retirement Sale
Business Details
Established Cafe in Nuneaton
Business Overview
The business in question is a well-established café which has been operating successfully for over 30 years. The café is conveniently located in an active town center in Nuneaton, Warwickshire. It benefits from being in a busy local area that is home to a variety of amenities that attract consistent foot traffic, including a pharmacy, butchers, barbers, and florist. In the current competitive landscape, the café competes with other food businesses, some of which operate during the night.
The ownership of the café was transferred to the current owner 12 years ago. Despite the competition in the area, the café has managed to increase its turnover every year for the past 12 years. The leasehold price of the café has been set at £35,000 with a current turnover of £82,000 per annum. Furthermore, the annual rent totals to £5,200.
Business Sale Details
The decision to sell the café has been primarily driven by the current owner's upcoming retirement and the need for family healthcare. The sale includes all the café's fixtures and fittings, ensuring the new owner could continue operations seamlessly. Moreover, all stocks, ready to use, are included in the sale price.
Despite the business's long-standing presence, it currently does not have an online presence. However, recognizing the importance of an efficient transition, the existing owner has expressed willingness to offer valuable training opportunities to the new owners to ensure continuous smooth business operations.
The café represents a fascinating opportunity for someone seeking to acquire an established small-scale business with a loyal customer base and a proven track record of positive growth in the bustling locality of Nuneaton, Warwickshire.
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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.
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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