Licensed waterside eatery & destination coffee house with weddings & events license
Wakefield, West Yorkshire
- Status
FOR SALE
- Advert ID
647773
- Reference
B09500 / Rightbiz
- Call Agent:
- Leasehold: £459,995
- Turnover: £527,082 (£10,136 per week)
- Profit: Not Applicable
Business Details
Licensed waterside eatery & destination coffee house with weddings & events license
BusinessPlease quote reference B09500
CoGoGo presents an exciting opportunity to acquire a vibrant and highly regarded hospitality venue, The Boathouse, established in 2020.
Operating as a licensed eatery, destination coffee house, and events venue, the business benefits from multiple revenue streams and a strong local reputation.
The Boathouse operates as a stylish wedding venue and flexible event space, catering to a wide range of functions including private parties, corporate events, and celebrations. Known for its relaxed yet premium feel, the business has built a strong brand presence both online and locally.
The business is currently fully staffed, though it would significantly benefit from being more owner-operated to improve efficiencies and profitability. There is clear scope to increase revenue through expanded event offerings, enhanced marketing, and tighter cost control.
Social Media:
Instagram: theboathouse_newmillerdam
Facebook: Boathouse Newmillerdam
Website: boathousemillerdam.com
The business is being offered for sale due to family commitments.
The Boathouse represents a rare opportunity to acquire a stylish, established, and highly Instagrammable licensed cafe and wedding and events venue in a truly stunning location. With strong foundations, a solid reputation, and clear scope for growth, this is an ideal acquisition for an enthusiastic owner looking to make their mark in the events and hospitality sector.
Location
Situated in the picturesque setting of Newmillerdam, the business benefits from a beautiful position surrounded by Newmilladam Lake, woodland and scenic walks. The area attracts a high volume of visitors throughout the year.
This is a unique offering within the area and the only venue of its kind, with a particularly strong summer trade as visitors gather to enjoy the stunning waterside sunsets.
Premises
The premises offer a charming and characterful waterside setting and are well known not only as a popular eatery and destination coffee house but also as an events venue and historical visitors attraction.
The space is adaptable and well-equipped to host a variety of event styles and sizes.
Tenure
We are advised that the business is offered on a leasehold basis, secured by a 25-year renewed council lease. The current rent is highly competitive at £9,000 per annum, providing excellent value for such a desirable and unique location.
Hours
The current operating hours are:
Monday to Sunday: 9:30 am to 4:00 pm
During the summer months, the business operates as a bar on weekends, opening until 9:00 pm from Thursday to Saturday.
Staff
The business is currently run with a full team in place, presenting an immediate opportunity for a new owner to streamline operations and improve margins.
Financial Profile
For further financial information, please contact Cogogo.Â
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Stay Safe
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.
Be safe, use a Rightbiz Solicitor
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