Coffee Shop and Wine Bar in Outstanding Location in Watford City Centre

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Status
FOR SALE
Advert ID
206914
Reference
27971-90602 / RightBiz

Details

Due to the owner’s different business interests, this well-established coffee shop and wine bar is for sale, giving the possibility for a new proprietor to take advantage of a great opportunity. The business is in an excellent location in the heart of a major city centre development. It is highly profitable, and sales are likely to increase substantially once an important extension of the shopping centre opens just a few steps from the premises. 



The owner has built a great reputation in the area not only with the high standard of service and excellent menu provided in the coffee shop, but also with excellent private functions such as birthday parties, anniversaries and special events for local companies in the wine bar area of the premises. 



The premises, with a capacity for over 70 clients, are in outstanding condition; the current owner maintains the business at a very high standard, with top-quality fixtures and fittings throughout. Established in 2015, the business has 6 years remaining on the current lease, which can be easily extended. 



This is an outstanding business opportunity. Prospective buyers should contact Jaime Moreno at 44 7470 210042, or by email at jmoreno@tworld.com



The area is served by a group of well-recognised cafes, pubs, bars and restaurants. The level of visibility of the location and an increase in the number of vendors and visitors will bring an excellent opportunity to grow the business, for example by reinforcing the current offering through marketing among local offices and shops.



 

Listing Details
Leasehold Price: £100,000
Tenure: Leasehold
Sector: Tea Rooms, Bars, Cafes
Financials
Annual Turnover: £180,000
Annual Net Profit: £65,000
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