Restaurant Sales Increase
Veritas Business Sales have been at the forefront of increased activity in Coffee shop, Restaurant, Cafe and Sandwich Bar business sales over the past 12 months. Warwickshire has been the biggest hotspot with most activity in Royal Leamington Spa. Completions to include Warwick St Kitchen, Something Nice, Spa Town Coffee and Bunters. We have another classic Vintage Tea Rooms called Vinteas which is sold subject to contract and due to complete on 5th January 2018.
teachers numbers increase for first time buyers
A close second is the heavily reliant tourist town and birthplace of William Shakespeare that being Stratford Upon Avon. Completions to include, Haviland’s, McKechnie’s, Vesuvio Café and HR Coffee & Catering. Warwick has been a little quieter only seeing the completion of Café Scoopz and sold subject to contract is B B’s Kitchen which is due for completion on 8th January 2018.
West Midlands has completed sales on Scoffs (Edgbaston), Love2Lounge (Kings Heath), Manteli’s (Kings Norton Green), Jolly’s Kitchen (Shirley), Smoode (Knowle), Cardamon Kitchen (Kings Heath) and La Delicia (Balsall Common).
Worcestershire completions include Ermi’s Café (Droitwich Spa), with under offers to include The Spinning Wheel (Droitwich Spa), Ollies Eatery (Redditch) and Scoff’s (Worcester).
Other areas to see completions were The Butter Cross Tea Rooms (Market Drayton), Curveside Bistro (Leicester), Ragamuffins in (Falmouth), Graze Deli & Pasty Company (Newquay), Dough sandwich Bar (Cardiff), Oggy Oggy Pasty Company (Falmouth), The Shell Bar (Falmouth), Earth & Water (Penryn) and The Galley Chippy (Truro).
Other areas to see under offers are Create Arts Café (Falmouth), The Port & Starboard Fish & Chip Restaurant (St Columb, Cornwall), Martha’s Tea Rooms (Newquay), The Cod End (Newquay), The Chippy (Newquay) and Pecks Bar (Truro).
Interesting statistics reveal that 85% of the purchasers in this sector are first time buyers looking for a lifestyle change. Teachers looking to leave their profession due to increased workloads are top of that list.
So, if you are looking to purchase a business in the food sector, contact Veritas and let our market knowledge place you in good stead for that all important business purchase. We can arrange commercial finance if needed and advise on a process of government-backed funding.