Baker Payne Property are extremely pleased to offer For Sale the Leasehold of this highly regarded and profitable licensed coffee shop & cafe business, situated in a small, but affluent and very popular East Devon coastal town.
Located in a prominent corner position and anchoring the beginning of the main high street, there are plenty of complimentary businesses and operators to the surrounds. Under the current licence, the permitted hours for the serving of alcohol are 12 Noon to 19:30 daily, with the potential for extension which could drive a more wine bar style led evening trade for which there is repeatedly existing customer request. The current business opening times are 08:30 - 17:30 Sunday to Wednesday and 08:30 - 20:00 Thursday, Friday, Saturday.
Impressive levels of consistent annual turnover circa £215,000 net per annum and forecast to increase for the next year ended, deliver a gross profit of around 68% and a healthy annual bottom line net profit from a one person operation with some part time asistance. For a hands on husband wife team, and given adjustment or reconstitution to the accounts, there is excellent scope and growth to be added to an already fantastic little business. For Sale due only to relocation.
The premises are extremely well fitted, retaining much character, charm, and original features throughout this period ground floor property, a former banking hall. Briefly comprising 45 covers, rustic look, feel, and ambience, the premises benefits quality fixtures and fittings, central bar servery, soft seating area, timber floors, exposed brick, secluded table arrangement making the best of the all around window elevations that generate a 'please pop in' vibe, a well equipped trade kitchen with aircon and extraction, and a WC facility with disability provision.
786 SQFT | EPC Rated C | Rateable Value and Rates Payable are not always comparative figures, and government schemes or discounts may be available. Interested parties should investigate the same with the relevant local authority. Main services are connected, with the exclusion of mains gas.
Held on a 10 year renewable lease term from 2016 with private landlords, subject to an annual rent of £10,500 per annum.
AGENT'S OPTIMAL POINT | "Great little business, with enviable lifestyle and location to boot, check out the views from the top car park at the other end of the high street"
Please do not hesitate to contact us for full specification and sales information. This business and or premises was viewed and valued by Richard Payne (m) 07864 054440 who will be pleased to discuss the opportunity in further detail.
Accounting information will be made available to seriously interested parties following an internal viewing and meeting with our client. Viewings are strictly via the agent following satisfactory discussions in respect of money laundering and ability to proceed. Customer inspections are welcomed, however under confidentiality no approach to the staff must be made in respect of the sale. Please check with us that the business is still available For Sale before attending any inspection.
- Established Business
- Adjacent to Multiple Retailers
- Accounts Available
- Free of Tie Leasehold
- Small Business
- Town Centre location
- Close to Local Amenities
- Attractive Business
- Prime Location