Renowned 3-Storey Coffee Shop with Accommodation in Prime Sidmouth Devon Location for Sale
Sidmouth, Devon
- Status
FOR SALE
- Date Submitted:
11/01/24
- Advert ID
604908
- Reference
TR35935N / Rightbiz
- Call Agent:
- Leasehold: £175,000
- Turnover: £343,600 (£6,608 Per week)
- Net Profit: Not Applicable
Business Details
COFFEE SHOP CAFÉ CAKERY
Key Features:
- Valuable trading position, desirable coastal town
- Substantial eye catching 3 storey character property
- Servery/takeaway counter, dining area, kitchen, store
- Very spacious versatile 3 bedroom accommodation
- Renowned business, Sales 23/24 £343,600 ex Vat
Renowned COFFEE SHOP/CAFÉ/CAKERY with strong developing brand which is considered most valuable. Occupying sought after trading position within SIDMOUTH town centre, the jewel of the EAST DEVON coast, fronting a busy pedestrian thoroughfare, a short walk to the beach/esplanade, surrounded by other popular businesses and attractions, close hotels, and desirable residential areas.
Unique imposing premises, deceptively large and versatile, extending over 3 floors, the subject of recent investment, and benefiting from favourable overheads. Configured to provide ground floor servery/takeaway counter, customer dining area, commercial kitchen/baking area, storeroom, and cloakroom. Spacious 3 double bedroom accommodation extending over 2 floors above, includes kitchen/diner, sitting room, bathroom, utility room/store, and ample storage.
A popular business which continues to grow and offers considerable further opportunities, serving an easy menu to eat in and takeaway, famous for its brownies, which can be bought online, and prove popular gifts, an area of the business lending itself to further development. Sales 2022/23 £205,079 ex Vat, forecast Sales 2023/24 £343,600 ex Vat, excellent 70% Gross Profit reflecting niche menu lines.
Leasehold £175,000 sav Ref: TR/K35935N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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.
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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.
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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.
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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.'.
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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