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Back to listings Save

Busy Plymouth Market Café with £86K Turnover, £22K Net Profit, and Growth Potential for Sale

Plymouth, Devon
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Excellently located cafe in busy plymouth market Photo 1
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Excellently located cafe in busy plymouth marketExcellently located cafe in busy plymouth marketExcellently located cafe in busy plymouth marketExcellently located cafe in busy plymouth market
  • Status

    FOR SALE

  • Date Submitted:

    02/07/23

  • Advert ID

    515979

  • Reference

    1886 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £55,000
  • Turnover: £110,000 (£2,115 Per week)
  • Net Profit: £40,000 (37% Profit margin)

Key Features

  • Established Business
  • Accounts Available
  • Town Centre location
  • Small Business
  • Prime Location

Business Details

Excellently located cafe in busy plymouth market

Turnover circa £110k
Adjusted Net Profit circa £40k

Tasties Café is a marketplace café with an enviable local reputation for preparing freshly made hot and cold food from a high-quality lease hold premises with capacity for 43 covers on site rated the No.1 café in Plymouth on Trip Advisor and No.4 in Devon!

The business places a strong emphasis on health and safety, operating from a leasehold premises which has achieved and maintained a 5-star hygiene rating and a 5-star TripAdvisor status.

The business is marketed through some of the online marketing channels/delivery partners, which offers scope to an incoming purchaser to increase the presence of this business by further utilising social media, printed marketing and google ads etc… The business currently only utilises one of the food delivery apps, offering scope to expand for any incoming purchaser.

Ideal for someone looking to break into the market or a bolt on acquisition for an existing operator.
The business is operated full time by the owners with a small team of employees currently and is operated Monday to Saturday 8am to 4pm, with extended opening days on bank holidays and the festive season, offering scope to increase opening hours into the evenings and weekends.

The café has been fit out to a high standard and the sale includes all the furniture and equipment in this leasehold premises, with preferable terms from Plymouth City Council.

LOCATION
The business is conveniently located within Plymouth City Market

MANAGEMENT AND EMPLOYEES
The business is managed by a full-time by the owner, who is supported by a small team of staff.

GROWTH OPPORTUNITIES
1. Delivery Partners: The business only currently works with one outside delivery partners, which could easily be expanded to additional platforms with the required staffing resources put in place.
2. Operating Hours: The business is operated limited working days and hours, which could be increased to include additional days and into the evenings.
3. Increase Services: The business has scope to offer outside catering, including deliveries which offers major scope for a new operator to introduce this once again.

PREMESIS
The premises is a first-floor leasehold retail unit within Plymouth Market, which is open fronted with the Café located in a preferable position within the market, with a fitted commercial kitchen and customer seating area, which has seating capacity for

The premises will be made available by way of a new lease with preferential terms to be agreed with Plymouth City Council.

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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.

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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.'.

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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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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.

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The data showed regarding this advert 'Excellently located cafe in busy plymouth market - 1886 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.