Established Café & Restaurant for Sale – Lincolnshire

Description

Asking Price: £120,000

Confidential Leasehold Business Opportunity

An excellent opportunity to acquire an established and well-known café and restaurant business in a popular Lincolnshire town.

The business has an established local customer base and a strong reputation for quality food, coffee and friendly service. It offers breakfast, brunch, freshly prepared meals, sandwiches, salads, desserts and a wide selection of hot and cold drinks, together with takeaway options.

Key Features
Established café & restaurant
Located in a popular Lincolnshire town
Annual turnover of approximately £198,000
Reported annual net profit of approximately £11,290
Asking price £120,000
Current rent of only £750 per month
Established local customer base
Dine-in and takeaway trade
Fully equipped and ready to operate
Established website and online presence
Further potential for growth, catering and private events
Suitable for an owner-operator, couple or experienced hospitality operator
Financial Information

Annual turnover: £198,000
Reported net profit: £11,290
Annual rent: £9,000
Asking price: £120,000

Further financial information can be provided to genuinely interested buyers.

Lease

The premises are currently occupied under a straightforward rental agreement originally agreed for three years.

Approximately one year remains on the current agreement.

Current rent is £750 per month (£9,000 per annum).

There is potential for the agreement to be renewed, subject to agreement with the landlord.

Reason for Sale

The business is being offered for sale due to the owner's personal circumstances.

The sale will be handled confidentially and further information will be provided to serious enquiries.

Price

£120,000