Prime Location Community-Led Café for Sale in Bustling Whitley Bay Seaside Town Centre
Whitley Bay, Tyne and Wear
- Status
FOR SALE
- Advert ID
624784
- Leasehold: £20,000 (Stock at valuation)
- Rent: £13,200 (£1,100 per month)
- Turnover: £78,000 (£1,500 per week)
- Net Profit: £6,000 (8% Profit margin)
Key Features
- Established Business
- Small Business
- Town Centre location
- New Lease
Business Details
Cafe for sale seaside town centre
Welcome to our community-led café nestled in the bustling town center of Whitley Bay, a lively seaside resort known for its vibrant atmosphere. Our café is advantageously placed in a prime location, renowned for its pedestrian visibility and the inviting ambiance it offers to visitors and locals alike.
We proudly operate from a historic brick building that enhances our charming and welcoming presence on the street. The modern blue signage draws the eyes of passersby, and our large windows flood the interior with natural light, creating an inviting and relaxed setting for our guests.
With seven successful years in business under our belt, we have established a solid reputation and enjoy a fair competitive edge in the area. Our location benefits from the proximity of attractive amenities, such as shops, restaurants, and public services, which continually attract foot traffic.
Currently on the market due to family commitments, our café offers a prosperous opportunity for new owners. The establishment is fully equipped, with fixtures and fittings included in the sale price. Financially, the café boasts a current turnover of £78,000, with an annual rent of £13,200, resulting in a profit margin of £6,000.
We maintain a beneficial online presence, enhancing our visibility and customer interaction, and are prepared to offer training opportunities to ensure a smooth transition for the new owners. Our small, dedicated team of two employees contributes to our warm, close-knit environment.
The café is available for a leasehold price of £20,000, providing an exceptional opportunity to join a vibrant seaside community and uphold a cherished establishment in Whitley Bay, Tyne, and Wear.
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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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