Our client’s cafe had an excellent reputation both online and in the local area. Pete’s Place benefitted greatly from its ideal location by attracting lots of passing trade, making this an appealing opportunity for potential buyers.
In October 2023, the owners approached us initially for a complimentary business valuation and followed on to instruct us to market the business for sale. After a meeting with our valuer Sam Nugent, a mutually agreed initial asking price of £69,995 was agreed, allowing room for negotiation. Before listing the business for sale on third party platforms such as Businessesforsale.com and Rightbiz, digital brochures were produced and distributed to our many registered buyers looking for this type of opportunity. Our marketing and outreach efforts quickly identified several potential buyers for this business. At CoGoGo, we maintain an active database containing thousands of registered buyers searching for businesses like Pete’s Café across the UK.
After just two days on the market, our sales team were in talks with several interested parties, and a number of meetings between seller and potential buyers were arranged during the process. Our proactive approach helped screen those who were interested in the opportunity, to ensure only the right buyers were put forward, saving time for all involved.
After receiving multiple offers, our client accepted a close to asking price offer in March 2024.
Throughout the process communication was key. We worked closely with both our client, the buyer, landlord and solicitors acting for all parties to ensure every detail of the sale was transparent, minimising any risk of the sale falling through.
We are pleased to report the sale completed after a smooth process and the new buyer is now enjoying their new business opportunity.
Our clients Ms Wells and Mr White commented that our service was “Brilliant” and that they “…would recommend CoGoGo as we were very happy with the outcome”.
