Award-Winning High Street Cafe/Bistro in Watford Hertfordshire Available for Sale
Watford, Hertfordshire
- Status
FOR SALE
- Date Submitted:
25/04/24
- Advert ID
610404
- Reference
R35375B / Rightbiz
- Call Agent:
- Leasehold: £175,000
- Turnover: £520,000 (£10,000 Per week)
- Net Profit: Not Applicable
Business Details
All Day Cafe Bistro in a Busy Location: Hertfordshire
Award winning coffee shop and cafe / restaurant
Highly rated on Trip Advisor and other sites
Prime High Street location
88 Covers (inside and outside)
Total floor area 273 square metres
Lease expires 2028.
Rent £39,000 per annum
Gross Weekly takings around £10,000 including VAT
Everett Masson and Furby are delighted to present to the market a very busy cafe / restaurant located in a prime position in Hertfordshire.
The business was established and considerably improved by the present owner more than 12 years ago and is being sold due to international location.
The concept of the business is that it operates as a cafe and coffee shop in the morning, serving hot and cold meals from a simple menu. And in the evening the business is transformed to a Bistro restaurant with an appropriately different menu.
The business introduced a delivery service four years ago and this continues as required. Very recently the premises has been upgraded substantially including new air-conditioning, furniture, CCTV system, dishwasher and improvements to the cloakrooms.
Over the years the business has built up a good name locally and this is reflected in a host of 5 star reviews and overall score of 4.5 / 5.0 on Trip Advisor. More recognition has also recently been received as the restaurant was the recipient of a local award and has also received many 5 star reviews on Google and elsewhere.
This is a confidential sale and potential buyers will need to sign an NDA prior to receiving more details of the business. Early viewing is highly recommended. Please note that under no circumstances may applicants view without an appointment through sole agents Everett, Masson and Furby.
Price: £175,000 for the leasehold business, goodwill, fixtures and fittings etc.
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01908 904555.
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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.
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.
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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.
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.
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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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