For Sale
Well established Cafe business for sale
Bournemouth, Dorset
- Asking Price: £60,000 +SAV
-
Turnover:
Full financials can be made available upon further request.
Please quote reference B06182
- Tenure: Leasehold
Please quote reference B06182
CoGoGo are pleased to have been given the opportunity to manage the sale of Leo Cafe, which is a well-established café business with a renowned reputation amongst local residents and shoppers. This is a superb opportunity to take on a popular local business in an area teeming with customers.
The business has been under the careful and meticulous ownership of our client since 2017 with the business only now coming to the market as they look to pursue another business venture.
The business offers a traditional, modern café environment with 50 plus covers within a popular shopping centre, offering a range of quality fayre including full breakfasts, light lunches, pastries teas and coffees and also offers vegetarian and gluten free options on either a sit in or takeaway basis.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website, along with offering catering solutions for private and corporate events.
This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established or for an experienced operator looking for an additional business with an attractive income stream.
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.
We are advise that the business has 5 full-time staff members.
The business hours are -
Monday – 07:00 – 18:00
Tuesday- 07:00 – 18:00
Wednesday – 07:00 – 18:00
Thursday – 07:00 – 18:00
Friday – 10:00 – 15:00
Saturday – 07:00 – 18:00
Sunday – 08:00 – 16:00
The business is located in the popular coastal resort town of Bournemouth on the south coast of England and ideally situated in a prime trading location within the Richmond Gardens Shopping Centre. As you would imagine, the business is surrounded by a host of complimentary retailers, leading to an excellent level of footfall along with passing trade.
Bournemouth is one of England’s leading coastal holiday destinations, as a result the area is very well serviced in terms of local amenities along with major transport links to and from the town.
The business is located in a modern, bright café premises briefly comprising, main seating area with capacity for 50 plus covers, with external seating area in addition. Main service counter, kitchen area located to the rear of the premises, fitted with a host of industry standard equipment and ample food preparation areas and storage. The business is well presented and can be found in excellent condition throughout.
Large stores including a JD Gyms are opening in the centre. 600 apartments are also being built with the next 18 months.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 6 years remaining on the 10 year lease. The rent is £2,080 per month.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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