Established Cafe Patisserie in Prime Kingston Location with Expansion Potential
Kingston upon Thames, London
- Status
FOR SALE
- Advert ID
624000
- Leasehold: £60,000
- Rent: £46,000 (£3,833 per month)
- Turnover: £220,000 (£4,231 per week)
- Profit: £45,000 (21% Profit margin)
Key Features
- Price Reduced
- Prime Location
- Small Business
- Close to Local Amenities
Business Details
Cafe patisserie shop in Kingston
The cake and coffee shop, located on the high street in Kingston upon Thames, presents a significant opportunity for growth by adding breakfast and lunch options. Positioned in a prime location with an eye-catching frontage, it attracts a steady flow of potential customers from the busy street.
The shop is equipped with a spacious and well-equipped kitchen that includes commercial-grade appliances, ensuring efficient operations. The inviting seating area, adorned with modern decor and featuring additional seating upstairs, enhances the customer experience. Display counters showcase a delightful array of sweets and beverages, contributing to the shop's appeal.
Since its establishment five years ago, the business has seen growth and development, with the current owner managing it for the past two years. The nearby amenities, including restaurants and retail giants like John Lewis and TK Maxx, further boost its customer base. The inclusion of fixtures and fittings in the price adds value to the purchase. The business’s turnover has been consistently increasing year by year, highlighting its potential for continued success. The current turnover is £220,000, with a profit margin of £45,000 and all stocks included in the sale price.
Despite its success, the current owner plans to sell in order to invest in a different business sector. The business, offered at a reduced leasehold price of £60,000, also offers an annual rent of £46,000. Only two employees are needed to run the business, and a month of training is available to ensure a smooth transition for new owners.
This small yet attractive business is fully fitted and situated close to local amenities, making it an appealing option for prospective buyers looking to invest in a flourishing enterprise on the high street.
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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.
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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.
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.
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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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