Exeter-Based Established Cafe with Prime Location and Diverse Menu for Sale at £49,000
Exeter, Devon
- Status
UNDER OFFER
- Date Submitted:
17/10/23
- Advert ID
601226
- Leasehold: £49,000
- Rent: £20,000
- Turnover: On request
- Net Profit: On request
Key Features
- Unique Business
- Town Centre location
- Close to Local Amenities
- Established Business
- Potential for Alternative Use
Business Details
Established Cafe for sale in Exeter
This café is currently for sale in Exeter, an established business that has been running since its inception three years ago. The asking leasehold price stands at £49,000, with current turnover information available upon request.
The café boasts a prime location near the city centre. Occupying a main road location, it features an array of amenities convenient for potential customers. Moreover, there is little to no competition in the immediate vicinity, providing an optimal situation to maximise customer footfall.
We pride ourselves on offering a unique and diverse menu that stands out amongst the offerings from other local cafés. All fixtures, fittings and equipment are included in the sale. This includes fridges, freezers, an ice cream maker and a coffee maker. Furthermore, all tables and chairs are included as part of the deal.
The café is located on the ground floor with a generous space of 85 sqm. In addition, there is backyard space that offers potential for outdoor seating—a beneficial addition for the warmer months. The premises also benefit from both customer and staff toilets and the bonus of air conditioning.
Reluctantly, I have chosen to sell because my business partner has left and I am unable to manage the café on my own. Our current opening hours extend from 9 am to 5 pm six days a week, though the establishment has a license that allows it to remain open until 8 pm. There is ample potential to remain open in the evenings, possibly providing an evening menu to increase revenue. The café's city centre location provides excellent scope for this.
We are currently partnered with JustEat for delivery services. There is good scope for the new owner to develop their own website and join additional delivery platforms. As part of the transition, we are willing to offer training opportunities to the new owners during the handover to ensure a smooth change in leadership.
For complete details about this business, please feel free to contact me.
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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.
Stay Safe
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.
Stay Safe
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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