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Profitable Coffee Shop with Tea Garden and 2-Bed Owner's Accommodation in Lynmouth, Devon for Sale

Lynmouth, Devon

CONFIDENTIAL SALE

  • Status

    UNDER OFFER

  • Date Submitted:

    04/04/24

  • Advert ID

    609250

  • Reference

    CD-40035 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £199,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Under Offer: Thriving Coffee Shop and Tea Garden with Owners Accommodation For Sale in Lynmouth

Situated in one of the most sought-after trading locations in Devon, Lynmouth and its hilltop neighbour Lynton, are fast becoming one of the most visited destinations in the county!

The Coffee Mill, which is one of the most popular businesses in the area, commands an unrivalled position with its views over Lynmouth harbour and boasts a very flexible business model, which can be adapted to suit a new owner's preference.

The business, which has been in the same hands since 2014 has seen steady NET profits of around £100,000 and benefits from a beautifully positioned, 2-bed apartment above, which can be used by owners or by managers/staff - or rented out for addition income.


Trading figures for 2022 have remained very robust, with NET profits exceeding £100,000 once again. This continued high NET profit would provide a highly achievable return on investment in approx. 2 years.


• Our Reference: CD-40035
• Situated in the sought after coastal village of Lynmouth
• Fantastic views over Lynmouth Harbour
• Highly profitable business trading 8-months a year
• Recent annual NET profits in excess of £100,000
• 40 internal covers
• 120+ external covers
• 2-bed owners accommodation
• New 10 Year renewable lease at sale
• LH Price: £199,000
• Rent: £54,000per annum
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THIS BUSINESS IS NOW UNDER OFFER

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 'Under Offer: Thriving Coffee Shop and Tea Garden with Owners Accommodation For Sale in Lynmouth - CD-40035 / 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.