Price Drop! Lovely Leasehold Coffee Shop, 2 Mins from Worthing Station, West Sussex
Worthing, West Sussex
- Status
FOR SALE
- Date Submitted:
14/01/23
- Advert ID
506367
- Leasehold: £20,000
- Rent: £7,200
- Turnover: £60,000 (£1,154 Per week)
- Net Profit: On request
Key Features
- Small Business
- Attractive Business
- Adjacent to Multiple Retailers
- Price Further Reduced
- Open Plan Trading Area
- Potential for Alternative Use
- Prime Location
- Fully Fitted
Business Details
PRICE REDUCED!! Beautiful leasehold Coffee Shop for sale, 2 mins from Worthing Station
PRICE REDUCED!!
Ideally situated just two minutes from Worthing Station, this is a very attractive coffee shop, which we are only selling due to being unable to commit enough time to it due to family commitments. We have already built up a loyal and growing customer base and have many fantastic reviews on google.
Currently serving locally sourced coffee, sweet and savory items all sourced from other local independent businesses, as well as sandwiches and toasties. There is definitely scope to increase this offering further to maximise profits. There is currently seating for 20, with space for more if necessary.
As the shop is currently being run on a sole trader basis, the ongoing business isn't for sale. However, the shop is finished to a very high standard and the sale price is for the lease, fixtures and fittings, including all appliances, stock etc... Everything is ready to go for a new loving owner.
Lease has 9 years remaining at £7200 plus VAT per year, payable quarterly in advance, with a security deposit of £4320 inc VAT. The shop has only been trading for just over 7 months, which is reflected in the price, which is also designed for a quick sale.
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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.
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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.
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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.
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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.
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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.
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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.'.
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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.
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