FOR SALE
658741
BIZ310 / Rightbiz
Bizionary is delighted to offer for sale Loungelato Artisan Gelateria, an established independent gelateria and café business situated in Caterham, Surrey.
Established in 2024, Loungelato has developed an attractive artisan gelato and café concept, offering a range of gelato, speciality coffee, desserts and pastries.
The business benefits from an extensive range of specialist equipment, fixtures and fittings, providing an excellent opportunity for an enthusiastic owner-operator, hospitality entrepreneur or existing café business looking to expand into the growing artisan dessert market.
Currently closed for the winter season, Loungelato offers an incoming purchaser the opportunity to prepare for reopening, build upon the existing concept and explore further growth opportunities.
Key Features
Premises
Loungelato occupies retail premises at 27 High Street, Caterham, Surrey, CR3 5UE.
The premises include a customer-facing café and retail area, gelato and coffee service counter, seating, preparation facilities, refrigeration, storage and customer toilet facilities.
The current annual rent is approximately £10,950.
The existing tenant has exercised a lease break effective 30 April 2027. The landlord has indicated a willingness to consider an assignment or new lease for a suitable incoming purchaser, subject to due diligence and agreement of terms. Continued occupation would require appropriate arrangements with the landlord.
Equipment Included
A substantial range of specialist equipment and furnishings is included in the sale, comprising gelato display and storage equipment, professional coffee-making equipment, refrigeration, catering appliances, seating, counters, display units and other operational fixtures and fittings.
The equipment is reported by the vendor to be owned outright, with the final inventory to be agreed as part of the sale.
Opportunity
Loungelato offers an attractive opportunity for a purchaser to acquire an established concept with much of the specialist equipment and operational infrastructure already in place.
An incoming owner could explore extended opening hours, additional product lines, enhanced local marketing, seasonal promotions and opportunities to increase coffee, dessert and takeaway sales.
The business may be particularly suitable for an owner-operator seeking to enter the artisan gelato market or an established hospitality operator looking to diversify.
Reason for Sale
The current owners have decided to pursue other interests and are offering the business for sale.
Financial Information
The owners have maintained financial records through Xero since the business was established.
Detailed financial information will be made available to genuinely interested and suitably qualified purchasers following completion of a Non-Disclosure Agreement (NDA).
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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