Top-Rated Torquay Devon Cafe on Sale - Hilton Smythe Brokers
Torquay, Devon
- Status
FOR SALE
- Date Submitted:
09/02/23
- Advert ID
508087
- Reference
B07193 / Rightbiz
- Call Agent:
- Leasehold: £150,000
- Turnover: £286,702 (£5,514 Per week)
- Net Profit: Not Applicable
Business Details
Highly Rated Cafe For Sale
BusinessPlease quote reference B07193
CoGoGo are delighted to welcome to the market Thyme Out Torbay, a highly rated licenced Cafe in Torquay.
The business was established by our client in 2019, building up an excellent reputations and a repeat client base.
Thyme Out Torbay has now come to the open market as our client is looking to relocate overseas.
The business is very well known in the area, providing people with a place to eat that serves locally sourced ingredients and good food at a reasonable price during day time hours.
Key selling points -
- 3 Key staff members who are an asset to the company
- Community hub
- Huge amount of repeat trade along with being located in a high footfall area
- Staff members in place
- Outstanding reputation
- No online delivery platforms (scope to expand)
- Push marketing
- Increase trading hours
- Introduce theme nights/cocktail nights.
Location
Thyme Out Torbay is located on Fleet Street, in the town centre of Torquay.
The businesses has eye catching signage and receives high levels of footfall and passing trade.
Premises
Thyme Out Torbay occupies a double fronted premises on a busy main road.
Ground floor -
- Café seating area with 90+ covers
- Bespoke décor
- Fixed seating
- Counter
- Fully licensed
- WC
- Kitchen - Ample stainless steel worktops
Tenure
We are advised that the business is being sold a Leasehold basis, currently on a 10 year lease. The rent is £35,000 per annum.
Hours
The current trading hours are -
Monday to Saturday – 9:30am – 5:00pm
Sunday – 10:00am – 4:00pm
Staff
We are advised that the business has 7 to 8 members of staff, depending on the season.
Financial Profile
We are advised as per the 2023 accounts, the business is projected to generate a turnover in the region of £400,000. As per the 2022 accounts, the business generated a turnover in the region of £286,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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