FOR SALE
14/07/23
516686
Established Breakfast and Brunch Cafe is on the market in Stoke Newington, London. The cafe has been in business for 10 years, and I took ownership 1.5 years ago. During my tenure, the business underwent branding changes. It is being offered for the leasehold price of £107,000, with a current annual turnover of £200,200, although we are open to negotiation.
The cafe is enviably located in the town centre on the bustling high street, with an overground station nearby. It also benefits from accessibility by multiple bus routes. This central position offers great visibility and ample customer footfall.
The sale includes all existing fixtures and fittings of the cafe. These range from coffee machines, fridges and kitchen equipment. All existing stock will also be included in the sale. Over the years, the business has maintained a steady turnover. The planned sale of the cafe is due to my personal decision to relocate abroad.
Opening hours all week, from 9 a.m. to 5 p.m., the cafe is attended to by our team of 3 full-time and 2 part-time employees. It is operative seven days a week. The business is also connected with food delivery platforms UberEats and Deliveroo and maintains a strong web and social media presence on platforms like Instagram and Facebook.
To ease the transition, we are willing to offer training opportunities to the new owners. Additionally, full accounts of the business, which will include detailed financials, are available for inspection. The cafe also has potential for alternative usage, being fully fitted.
If you require more details about the sale or the business, please feel free to contact me.
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.
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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.
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.
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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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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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