If you are thinking of selling a food and drinks business then click here to get in touch and find out more about our NO UP FRONT FEES when you sell with Hilton Smythe.
We have a variety of food and drink businesses for sale across the UK; from Scotland to London, we have it covered. With over 1,000 opportunities to choose from, we have a business for everyone. So, if you're thinking of buying a food and drinks business click here, you're in safe hands with the UK's leading business broker.
Whether it's a Chic, affluent coffee shop, Nitty gritty café, sandwiches to go, fish & chip shop, take away, pub or restaurant, Hilton Smythe have experience helping you to buy or sell your perfect business. From Scotland to London, we have a business for sale, just for you. Get searching now for your perfect café, coffee shop, sandwich bar, fish & chip shop or take away!
Whether it's a lifestyle change, or a dream of running a rustic coffee shop chain, or being a landlord of your own pub, Hilton Smythe are with you every step of the way on your buying or selling journey. We list some of the many key things to consider when buying or selling a business.
Ever heard the phrase 'location, location, location'? This phrase is key when buying a café, coffee shop or sandwich bar. If you are thinking about buying a café, coffee shop, sandwich bar or pub, check out the area; what are the customers like, what is the footfall levels? You will also be looking for things such as free on street parking and an excellent, established reputation in the area.
When buying or selling a café, sandwich shop, fish & chip shop, take away, pub or restaurant,, the more profit you make, the more you will be expected to pay for that business for sale. When selling, you need to make sure your making as much profit as possible by ensuring your costs are down and you are maximising every selling opportunity. Don't worry if you're running the business to suit your needs, a buyer will be looking for opportunities such as deliveries or longer opening hours.
How long you have traded will determine amongst other things how much someone is willing to pay for the goodwill of the business. A sandwich bar that has been open just a few months will be worth significantly less in terms of goodwill that a coffee shop which has grown a steady customer base for the last 20 years. Whilst this may seem to be common sense, it is often difficult for a seller to accept that a business which has traded for a relatively shorter period of time, is generally worth less than a competitor with many years' trading behind them.
If you need finance to buy a café, sandwich shop, fish & chip shop, take away, pub or restaurant, you can consider a personal loan if you need less than £25,000. If you need more than this, please remember that you are likely to need at least half of the money you borrow to buy a business if lending from a high street bank. You can talk to us about financing your perfect business for sale and we can put you in touch with specialist brokers who will search the market finding you the best rates. Don't forget, like buying a house, you will have to pay legal fees. You should also make allowances in your budget for the purchase of stock. Stock is usually valued before purchase and added to the agreed purchase price.