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Coffee Shop for Sale in Banbury Oxfordshire - Novo Café

Banbury, Oxfordshire
Coffee Shop Photo 1
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Coffee Shop
  • Status

    FOR SALE

  • Advert ID

    652146

  • Leasehold: £120,000
  • Rent: £28,000 (£2,333 per month)
  • Turnover: On request
  • Profit: On request

Key Features

  • Training provided by vendor
  • Transformative evening atmosphere
  • Transition support available
  • Transparent financial accounts provided

Business Details

Coffee Shop

About Novo Café

Novo Café is a thriving independent coffee shop nestled in a bustling area, known for its loyal customer base and robust local reputation. The café offers a friendly and inviting atmosphere, perfect for those seeking high-quality coffee, freshly prepared food, and a comfortable venue to meet, work, or unwind.

The extensive menu features an array of specialty coffees, teas, cold beverages, breakfast options, sandwiches, paninis, delectable cakes, pastries, and light lunches. This carefully curated selection is designed to cater to the tastes of regular local patrons as well as visitors, generating multiple revenue streams throughout the day.

Equipped with a fully operational commercial kitchen and serving area, Novo Café allows a new owner to step in and continue business without the need for immediate, significant investment. Over the years, strong relationships have been established with suppliers, ensuring both consistent product quality and reliable stock availability.

Exceptional customer service and high-quality offerings have fostered a dedicated following. The café draws a diverse clientele including office workers, local residents, students, families, and passers-by, contributing to its vibrant atmosphere.

With an excellent opportunity for an owner-operator, a family-run business, or an experienced entrepreneur looking to enhance their portfolio, Novo Café presents significant growth potential. There is room for increased revenue through extended opening hours, diversified catering services, integration with delivery platforms, enhanced marketing strategies, and menu expansion.

The sale includes not only the goodwill of the business but also fixtures, fittings, equipment, and the advantage of an established trading operation, presenting a compelling turnkey opportunity for prospective owners.

Business Specifics

Novo Café has been established for one year, with the current owner also managing the business for the same duration. The café benefits from a prime location, surrounded by numerous restaurants and pubs that help attract foot traffic. While competition exists, with other coffee shops nearby, Novo Café maintains a distinct identity and loyal customer base.

The asking price for this leasehold opportunity is available upon request, with an annual rent of £28,000. All existing stock is included in the sale price. The vendor will provide training for the new owners, ensuring a smooth transition, and support will be available throughout the changeover period.

Additional Benefits

This café offers not only a vibrant and visually appealing interior conducive to a transformative evening atmosphere but also a variety of baked goods and food options that are popular among customers. Furthermore, the venue can be hired for events, making it a versatile space with potential for growth and expansion.

The café features well-designed service and preparation areas, ensuring an efficient workflow, while a state-of-the-art audio-visual system enhances the customer experience. The instant appeal of the premises and the warm relationships fostered with customers contribute to a vibrant setting that supports community engagement.

With up-to-date financial documents and a transparent record of operations, Novo Café stands ready for a new owner to capitalise on its underutilised business potential. Given its reputation, location, and operational supports in place, viewings are highly recommended to appreciate the full value of this vibrant café.

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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.

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