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CONFIDENTIAL
FOR SALE
657904
Established Café & Restaurant for Sale – Lincolnshire
Asking Price: £120,000**
Confidential Leasehold Business Opportunity.
An excellent opportunity to acquire an established and well-known café and restaurant business in a popular Lincolnshire town.
The business has an established local customer base and a strong reputation for quality food, coffee and friendly service. It offers breakfast, brunch, freshly prepared meals, sandwiches, salads, desserts and a wide selection of hot and cold drinks, together with takeaway options.
Key Features
* Established café & restaurant
* Located in a popular Lincolnshire town
* Annual turnover of approximately **£198,000
* Reported annual net profit of approximately £11,290.
* Asking price **£120,000
* Current rent of only £750 per month
* Established local customer base
* Dine-in and takeaway trade
* Fully equipped and ready to operate
* Established website and online presence
* Further potential for growth, catering and private events
* Suitable for an owner-operator, couple or experienced hospitality operator
Financial Information
**Annual turnover: £198,000
**Reported net profit:** £11,290
**Annual rent: £9,000
**Asking price: £120,000
Further financial information can be provided to genuinely interested buyers.
Lease
The premises are currently occupied under a straightforward rental agreement originally agreed for three years.
Approximately one year remains on the current agreement.
Current rent is £750 per month (£9,000 per annum).
There is potential for the agreement to be renewed, subject to agreement with the landlord.
Reason for Sale
The business is being offered for sale due to the owner's personal circumstances.
The sale will be handled confidentially and further information will be provided to serious enquiries.
Price
£120,000
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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