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Retirement Sale of Highly-Rated, Well-Established Café in City of London

City of London, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    16/02/24

  • Advert ID

    606887

  • Reference

    B07823 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £185,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Well Established Café For Sale

Business
Please quote reference B07823

CoGoGo are delighted to welcome to the market  a highly rated, busy, family run cafe in the London.

The business was first established in 1950 and been in our clients ownership since 2015, building an excellent reputation and regular customer base during it's time of trading. As seen by the online ratings and reviews, the business is extremely popular within the local area. 

This cafe has now come to the open market due to our client desire to retire. 

A traditional cafe in a residential part of London offering Normal full english breakfasts, pancakes, scrambled eggs and smokes salmon, eggs benedict, kippers and home made burgers; great food and affordable prices.

Equipment Included:

  • Expresso Machine
  • Industrial Kitchen
  • Furniture
  • Fittings
The cafe has had a lot of filming contracts that took place within the cafe, this generated another stream of income. 



Location
This business is run in  London.

A lovely location with the option to sit outside if the weather permits, being a good spot for a quick pit stop for coffee or even a full english.



Premises
Basement Room -

  • 3 Large Rooms
  • Toilet
  • Garden
Ground Floor -

  • Cafe
  • Kitchen
First Floor - 

  • 2 Bed Sits
  • Kitchen
  • Lounge
External Area of Premesis - 

  • 2x Signs
  • 2x Awnings


Tenure
We are advised this business is being sold on a Leasehold Basis with 7.5 years remaining on a 16 year lease. The rent is advised to be £30,000 Per Annum.



Hours
The current trading hours are:

Monday - Closed

Tuesday to Friday- 8:00am - 3:00pm

Saturday to Sunday - 10:00am - 3:00pm



Staff
We have been advised the business is run and managed by our client.



Financial Profile
The advised turnover is said to be at £500,000. Full financials can be made available upon further request.



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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.

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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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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.

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Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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The data showed regarding this advert 'Well Established Café For Sale - B07823 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.