Top-Rated Plymouth Cafe with Alcohol Licence & Unique Events for Sale
Plymouth, Devon
- Status
FOR SALE
- Date Submitted:
01/06/23
- Advert ID
514108
- Reference
B07358 / Rightbiz
- Call Agent:
- Leasehold: £39,995
- Turnover: £110,000 (£2,115 Per week)
- Net Profit: £27,000 (25% Profit margin)
Business Details
Highly rated cafe with an alcohol licence for sale
BusinessPlease quote reference B07358
CoGoGo are delighted to welcome to the market The Lemon Tree, a highly rated alcohol licenced cafe in Elburton, Plymouth.
The Lemon Tree was first established by our clients in 2020, building up an excellent reputation and regular client. As seen by the fantastic online reviews, the business is extremely popular within the local community.
This business opportunity has now come to the open market due to health issues.
The Lemon Tree is a community focused cafe business, with the unique offering of alcohol. The core trading hours were until 4pm, with a friday event evening every week. The special events are very popular within the local area, and are always booked up for quizzes, comedy nights, psychic entertainers and singers. The cafe can also be used for private functions like birthdays, christenings, hen parties, work Christmas events, breakfast with Santa. The business also offers sit in or takeaway orders.
Key selling points -
- Google review score of 4.8/5
- Facebook page – 1.6k followers
- Complete refurbishment carried in 2020
- Growing turnover and profit levels each year
- Ideal ‘lifestyle’ opportunity for anyone looking to join this vibrant community
- Excellent location in affluent village
- Fully licensed for alcohol
- Extend the current opening hours
- Increase the evening bistro events
- Increase local deliveries
- Outside catering
Location
The Lemon Tree Cafe is centrally positioned in the highly desirable suburb of Elburton.
The business is surrounded by a large area of housing and receives high levels of footfall and passing trade.
Premises
Ground floor -
- Unique dining space for 24 people
- Open plan bar/service counter
- Kitchen/ storeroom
- Toilet facilities
- Small terrace to the front of the unit which allows for a further 10 people
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease. The rent is £458 per month.
Hours
The current trading hours are -
Monday – Closed
Tuesday to Friday – 8:30am – 4:00pm
Saturday – 9:00am – 3:00pm
Sunday - Closed
Staff
We are advised that the business has 4 part-time members of staff.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £110,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not 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 amount 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
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
Get Solicitor
