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Cafe for sale in Paignton Devon with potential for new management due to owner's retirement

Paignton, Devon

CONFIDENTIAL

  • Status

    FOR SALE

  • Advert ID

    646618

  • Leasehold: Price on Application (Stock at valuation)
  • Rent: £6,250 (£521 per month)
  • Turnover: £79,000 (£1,519 per week)
  • Profit: On request

Business Details

Cafe for sale in Paignton Devon.

This well-established daytime café presents a remarkable opportunity for someone looking to enhance the business's turnover. With the café having been in operation for an impressive 25 years, it boasts a solid foundation and a loyal customer base. The owner, who has also run the café for the same duration, is now looking to retire due to health reasons, which opens the door for new management to step in and implement fresh ideas.

The café is sensibly situated near several amenities, including shops and restaurants, which helps attract a steady stream of customers. The inclusion of fixtures and fittings in the sale makes this an even more appealing proposition for potential buyers. It is worth noting that the current annual turnover stands at £79,000, with an asking price for the leasehold opportunity available upon request. Additionally, the annual rent is £6,250, providing a clear financial picture for prospective owners.

Despite having only two employees, the café has significant potential for growth. With a little creativity in marketing and a focus on enhancing customer experience, the new owner could explore various strategies to increase turnover. This could include extending opening hours, introducing a wider range of menu options, or hosting special events to draw in more patrons. The established reputation of the café, coupled with its advantageous location, makes it an ideal candidate for revitalisation and expansion.

Enduring Legacy

The café's longevity speaks volumes about its potential for continued success. With the right vision and enthusiasm, a new owner could build upon the café's foundation and create an enjoyable experience that encourages repeat visits. This is not just a business opportunity; it is a chance to take the reins of a beloved local establishment and steer it towards a prosperous future.

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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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