Falcon Commercial is delighted to offer for sale this extremely well-presented Cafe which occupies a prime trading position on one of the main roads that runs through Budleigh Salterton. The business has recently closed but our clients had been successfully trading since 2016 during which time they made considerable investment and improvements. It is now reluctantly being placed on the market as the owner wishes to concentrate on their other business interests.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, fantastic food, superb value and great service.
The business ran as a lively and busy Delicatessen, take away and retail unit with the opportunity to eat in and enjoy locally sourced and freshly made light snacks, meals and beverages. Appealing to all age groups and demographics it has been a key business within the town for numerous years. It is considered the premises are suitable for all types of cuisine.
The business was run by our client with help from a dedicated team of part time staff. It generated a turnover in the region of £178,000 per year with healthy gross profit margins.
This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended
Substantial and well-maintained leasehold building which is fitted and presented to high trade specifications throughout.
The premises briefly comprise:
- Ground Floor Café and Retail Area which is open plan and has seating for approximately 14 customers
- Service area
- Commercial Catering Kitchen containing an array of well-maintained catering equipment.
- Staff toilets
- Rear access to courtyard for deliveries.
Former Opening Hours
- 9.00am – 5.00pm Monday – Saturday
- Closed Sunday
Turnover when trading
Business rates payable: Nil
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
- The business comes with the benefit of a secure lease which was originally for 10 years and has 7 year remaining.
- The current annual rent payable is £13,500 per year
Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website: www.leasingbusinesspremises.co.uk
Each party to bear their own legal costs incurred in the transaction.
The business stock value is: £2,500
The business was run by the proprietor with help from a dedicated team of part time staff
Commercial Energy Performance rating: C
Accounts will be provided to genuine purchasers after a formal viewing
For further information, you should make your own enquiries to East Devon District Council, Blackdown house, Heathpark Industrial Estate Honiton EX14 1EJ
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thank you
Budleigh Salterton is on the designated World Heritage East Devon coastline known as the Jurassic Coast. It remains one of Devon’s most unspoilt and charming towns and has a 2 mile pebble beach renowned for its safe, clean water.
Visitors flock to the town for day drips and holidays particularly in the summer months.
The M5 motorway at Exeter provides links to the A38 to Plymouth and Cornwall, the A30 to the South and Bristol and London to the North and East. There are frequent rail services from Exeter St. David’s to London Paddington (from just over two hours) and London Waterloo. Exeter International Airport, 11.2 miles from Lydney, offers a number of domestic and international flights, including daily flights to London City Airport.
- Fully Fitted
- Potential for Alternative Use
- Prime Location
- Offers Invited
- Currently Closed