Cafe Bistro Restaurant for Sale in Petts Wood London
Petts Wood, London
- Status
FOR SALE
- Advert ID
637529
- Leasehold: £285,000
- Rent: £30,000 (£2,500 per month)
- Turnover: £600,000 (£11,538 per week)
- Profit: On request
Business Details
Cafe Bistro Restaurant For Sale in Petts wood
Discover a charming cafe and bistro located in the heart of Petts Wood, just a minute's walk from the station. This prime location not only offers convenience but also a vibrant atmosphere that attracts both locals and visitors alike.
This establishment has a promising future as a restaurant, with the capacity to seat up to 60 guests. It boasts a full alcohol license, allowing for a diverse menu that enhances the dining experience.
Established for two years, the business has been under the current ownership for the same duration. Notably, there has been a significant increase in turnover over the past year, reflecting the cafe's growing popularity. The current annual turnover stands at £572,000. The leasehold price is set at £295,000, with an annual rent of £30,000.
Included in the sale are various fixtures and fittings that contribute to the cafe's appeal. The business is currently operating with a dedicated team of five employees, and the seller is willing to provide training opportunities for the new owners to ensure a smooth transition.
The reason for selling the business is due to health concerns. Financial accounts are available for review to potential buyers, providing transparency and insight into the cafe's successful operation.
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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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