This is a superb opportunity to acquire a fashionable closed catering business based in Nottingham

  • Leasehold Price: £20,000
  • Annual Turnover: £75,000
Nottingham, Nottinghamshire, England
Seller Ref:557
For Sale

This is a superb opportunity to acquire a fashionable closed catering business based in Nottingham

Nottingham, Nottinghamshire, England
Seller Ref:557
  • Leasehold Price: £20,000
  • Annual Turnover: £75,000

Overview

Seller Ref: 557

Description

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.

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA

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