Superb Opportunity! Fashionable Nottingham-Based Catering Business Available for Leasehold Acquisition
Nottingham, Nottinghamshire
- Status
FOR SALE
- Date Submitted:
14/03/24
- Advert ID
608231
- Reference
557 / Rightbiz
- Call Agent:
- Leasehold: £20,000
- Turnover: £75,000 (£1,442 Per week)
- Net Profit: Not Applicable
Key Features
- Potential for Alternative Use
- Adjacent to Multiple Retailers
- Ideal for Full Refurbishment
- Prime Location
- Vacant/Empty Premises
- Attractive Business
- Close to Local Amenities
- Currently Closed
Business Details
This is a superb opportunity to acquire a fashionable closed catering business based in Nottingham
This is a superb opportunity to acquire a fashionable closed catering business based in Nottingham. The business is available on a leasehold basis.
The business has been closed since November 2023 but when it was open, it welcomed all guests with a warm heart and delicious drinks. The coffee lounge catered for local residents and passing trade with a traditional menu and was always incredibly popular. The premises is now empty and unfurnished so is effectively a blank canvas for someone wanting the premises/location to use as a coffee shop, café, or restaurant as there are also rooms upstairs for additional seating. The business built up an excellent reputation in their local community while they were trading and were considered a household name in the town.
The premises are spacious and set over two floors and located in one of the busiest areas of the town which has a vast amount of passing trade throughout the day and evenings. There is potential for 25 covers downstairs with further capacity in the rooms above, but a new owner would need to fully furnish the premises as there are no assets included in the sale other than a counter and a large refrigerator. The Landlord will negotiate a new lease with the new owner and the rent is circa £15,000 per annum.
- High footfall and passing trade
- Highly sought-after location within the town
- Upstairs rooms for use
- Quality premises
- Minimal overheads
- Minimal competition
- Car parking nearby
- Huge potential for further growth and success.
- New lease to be negotiated
- Excellent transport links
- Potential to change use of business
It is with a heavy heart that the current vendor is selling due to relocating the business to another part of the city. Due to the location and impressive reputation of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking a business within the catering sector or an existing business looking for a lucrative acquisition.
We have received many enquiries on this business at an initial stage so please contact us to arrange a meeting to avoid disappointment.
Contact Agent
Listing Statistics
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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