Cafe and bar for sale in Folkestone Kent, ideal for gatherings and events
Folkestone, Kent
- Status
FOR SALE
- Advert ID
635579
- Leasehold: £36,000
- Rent: £8,700 (£725 per month)
- Turnover: On request
- Profit: On request
Key Features
- Attractive Business
- Potential for Alternative Use
- Fully Fitted
- Close to Local Amenities
Business Details
Cafe & Bar for sale in Folkestone
For sale is a thriving café bar located in Folkestone, Kent. This turnkey business has shown consistent performance during its first 6 months of operation, becoming a valuable asset to the local community. Notably, it has developed a strong following for its quiz nights, which are sold out until December, presenting significant opportunities for extended hours and additional events. Currently trading Wednesday 10-2 Thursday, Friday and Saturday 10-10.
The interior of the café bar boasts a modern and inviting design, featuring high-quality fixtures that were recently refurbished to a high standard. Its stylish décor is complemented by outdoor seating, creating a welcoming atmosphere for customers. The establishment offers a diverse menu that includes exceptional coffee, brunch options, and an extensive bar selection, appealing to a wide range of customer preferences.
The layout is spacious, with comfortable seating arrangements suitable for various group sizes, making it a perfect destination for gatherings. Positioned on a busy high street with significant foot traffic and neighboring local traders, this venue benefits from high visibility and accessibility. While there is some competition from another coffee shop nearby, this café bar is the only bar in the area, which grants it a unique position in the market.
The business has been operating in its current form for six months, following an extensive refurbishment, and has seen its turnover triple since transitioning from a café to a bar. The current owners have successfully managed this business for one year, but are selling due to the need to care for aging parents.
This sale includes all fixtures and fittings, with the exception of the rented coffee machine and loaned beer cooler from a brewery. The business currently employs five staff members and has an established online presence through Just Eat. The owners are willing to provide training to ensure a smooth transition for the new owners.
The leasehold is priced at a negotiable £54,000, with an annual rent of £8,700, and the current turnover stands at £156,000. The price includes all stock on hand. This is an excellent opportunity for someone looking to take over a successful and well-established café bar.
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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.
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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.
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.'.
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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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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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