Busy Licensed Café which has a beautiful garden in Devon and owners apartment

·       Busy Licensed  Café which has a beautiful garden

·       Three bedroom owners apartment

·       Situated in a sought-after Mid Devon town

·       Well-presented throughout

·       Healthy turnover and profits with scope to improve

·       Excellent local reputation

·       Valuable inventory of quality fixtures & fittings

·       Plenty of customer car parking near by

·       Recently refurbished

·       Fantastic change of lifestyle opportunity

·       Sensible trading hours over 5 days

·       Locally sourced produce used wherever possible

Falcon Commercial is delighted to offer for sale this extremely well-presented licensed Café and evening Bistro that benefits from a three-bedroom owner’s apartment and is located in the delightful county of  Devon. The business occupies a highly visible prime trading position in a sought-after trading town. It has been under the proud ownership of our client since 2020 during which time they have made considerable investment and improvements to the premises. This fantastic opportunity is now reluctantly being placed on the market as the owners are relocating out of the area

During our client’s stewardship, the easily run business has built up an excellent reputation for its welcoming friendly atmosphere, great service, fantastic coffee and superb food, all of which is locally sourced and made on the premises wherever possible.

This thriving business is mainly operated as a daytime Coffee Shop and Café that transforms into a Bistro on a Friday evening.

The cafe is run by our client with help from a dedicated team of full and part-time staff. It generates an excellent turnover which is in the region of £175,000 per year with healthy gross profit margins.

There is ample scope for continued growth, not least with regard to the possible expansion of events such as the extremely popular Mother’s day brunch. There is also tremendous potential to increase turnover by possibly running a modest marketing campaign or extending the opening hours or opening more evenings as a Bistro.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended

The Premises

The premises benefit from a fantastic and highly visible trading position on a busy high street in a sought-after Devon market town.

They occupy a substantial and well-maintained three-storey leasehold building which is fitted and presented to high trade specifications throughout.

There is ample customer car parking close by.

The premises briefly comprise:

Ground Floor

·         Main café area which is open plan and has approximately 40 covers.

First  Floor

·         Commercial catering kitchen

·         Wash up room

Second  Floor – Owners Apartment

•          Lounge

•          Kitchen

•          Bathroom

•          3 Bedrooms

External

·         Customer Garden with 50 covers

Business Details

Opening Hours

·        Monday Closed

·        Tuesday 9.30am – 4.00pm

·        Wednesday 9.30am – 4.00pm

·        Thursday 9.30am – 4.00pm

·        Friday 9.30am – 11.00pm

·        Saturday 9.30am – 5.00pm

·        Closed

Turnover

·        £175,000 Per year

Business Rates

Business rates payable: Nil

Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates that are payable or questions can be made online at the VOA website www.voa.gov.uk

Stock

The business stock value is: £10,000

Staff

The business is run by the proprietor with help from a dedicated team of full and part-time staff.

EPC

Commercial Energy Performance rating: TBC

Tenure

·        Leasehold.

·        We are advised that the business comes with the benefit of a secure lease which was originally for 7 years and has 5 years remaining. The current rent payable is £1,041.67 per month

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

Legal Costs

Each party to bear their own legal costs incurred in the transaction. This may not include the landlords

Accounts

Accounts will be provided to genuine purchasers after a formal viewing

Planning

For further information, you should make your own enquiries to the relevant District Council

Viewing

Strictly by appointment with the vendor's agents, Falcon Commercial

Agents Note

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