JUST REDUCED A3 Café for Sale in Colchester Essex with Modern Space and 18 Covers
Colchester, Essex
- Status
FOR SALE
- Advert ID
652421
- Reference
C0142E / Rightbiz
- Call Agent:
- Leasehold: £42,500 (Stock at valuation)
- Rent: £14,400 (£1,200 per month)
- Turnover: £104,000 (£2,000 per week)
- Profit: On request
Key Features
- Quality furniture and fixtures
- Quality homemade food
- Quality product offerings and reputation
- Range of food offerings
Business Details
JUST REDUCED FULL A3 CAFÉ FOR SALE PRICE: £42,500 Plus SAV – LEASEHOLD COLCHESTER REF: C0142E
JUST REDUCED FULL A3 CAFÉ FOR SALE
PRICE: £42,500 Plus SAV – LEASEHOLD
LOCATION: COLCHESTER, ESSEX
REF: C0142E
JUST REDUCED FULL A3 CAFÉ FOR SALE trading from a PROMINENT POSITION within a VERY BUSY SHOPPING AREA of the CITY CENTRE, surrounded by MAJOR BRAND RETAILERS, offices and a wide variety of independent businesses in COLCHESTER, ESSEX. The location enjoys HIGH LEVELS OF PASSING FOOTFALL throughout the day, attracting both local residents and visitors to the city. The premises have operated as an eatery for OVER 20 YEARS and have recently undergone a FULL REFURBISHMENT, creating a modern and welcoming environment for customers. The business has now been brought to market with a GENUINE REASON FOR SALE, presenting an excellent opportunity for a new owner to build upon the solid foundations already established. The business is WELL BRANDED and benefits from 18 COVERS, a FULL COMPLEMENT OF EQUIPMENT, a 5-STAR FOOD HYGIENE RATING, and relatively LOW OVERHEADS. The premises are presented in excellent condition throughout and are considered to be READY TO TRADE FROM DAY ONE with no further expenditure required. We are advised that current takings average £2,000 PER WEEK, with HUGE SCOPE TO FURTHER INCREASE REVENUES by extending the opening hours, introducing an evening service, expanding the menu offering and partnering with one or more food delivery platforms. There is also potential to increase trade through enhanced social media marketing and local business partnerships. The premises are held on a secure lease at a current rental of ONLY £14,400 PER ANNUM EXCLUSIVE. We are further advised that business rates payable are approximately £330 PER CALENDAR MONTH, making this an affordable and accessible opportunity for both first-time buyers and experienced operators alike. We feel this represents an IDEAL ENTRY-LEVEL BUSINESS that would be HIGHLY PROFITABLE for a hands-on owner-operator. Equally, the business could be suitable for an existing catering operator looking to establish a presence within this thriving city centre location. As such, an EARLY VIEWING IS ADVISED through sole agents ESSEX AND SUFFOLK BUSINESS SALES.
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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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