SOLD
626305
Medo Cafe has a rich history, having been established for over 25 years and under its current ownership for the past 9 years. It's a bustling cafe that attracts a steady stream of regular customers, making it an easy operation to manage, especially for a family-run business.
The cafe features a cozy and stylish interior, accentuated by elegant brickwork and striped wall designs. It offers a spacious seating arrangement that is perfect for accommodating large groups, creating a vibrant atmosphere enhanced by modern lighting and decor. Situated in a prime location, the cafe benefits from abundant natural light and offers a pleasant street view.
Medo Cafe boasts a diverse menu that includes traditional breakfast options, snacks, and freshly prepared dishes, catering to a wide range of customer preferences. Its favorable location is complemented by nearby shops, restaurants, and public services, all of which help to attract a steady customer base.
Despite the presence of good competition in the area, the cafe has seen an increase in turnover over the years. The business is supported by three dedicated employees and includes various fixtures and fittings in the sale price. The current owners plan to sell due to their intention to open another restaurant, but they are willing to provide training opportunities for the new owners to ensure a smooth transition.
Medo Cafe has an active online presence, enhancing its accessibility to a modern customer base. The financial particulars reveal a leasehold price of £55,000 and an annual rent of £14,400, with accounts available for review.
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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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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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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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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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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