• ESTABLISHED LICENCED DAYTIME CAFE
Price:
Leasehold - £39,950
Business Type:
Food Service Businesses
• SUBJECT TO COMPREHENSIVE REFURBISHMENT/REFIT
• UP TO 32 COVERS OVERALL
• CONSISTENT TURNOVER AND PROFIT
• INTERNAL VIEWING HIGHLY RECOMMENDED
The Coffee Pot is situated on Belle Vue Road on a busy pedestrian and vehicular thoroughfare connecting the town’s principal trading area. It is opposite the exit route from Bude’s main parking area and Summerleaze beach and is also opposite a major supermarket, of which we are advised does not have a café.
Bude is an attractive coastal town with national and niche retailers, primary and secondary schooling, high levels of serviced and non-serviced holiday accommodation and of course the dramatic coastline.
The Coffee Pot has trading in it’s current location for more than 10 years and is a well respected Coffee Shop/Bistro offering beverages, cakes etc., and light and main meals. It also has a small internet café area which is popular amongst locals and visiting tourists. The business has been extensively refurbished and re-equipped during our clients’ tenure with store areas to the rear.
The business holds a top Health and Safety rating for hygiene.
The business operates all the year, apart from several weeks, and is an ideal husband and wife operation with some seasonal assistance. The business currently trades from 09.30 a.m. – 6.00 p.m. in the summer reducing to 10.00 a.m. – 4.00 p.m. in the winter months.
The turnover for the year end April 2011 shows sales of £57,992, producing a gross profit of circa 69% and an adjusted net profit of £17,098. Further detailed accounting information will be made available subject to a viewing appointment in the normal manner.
Residue of 10-year internal repairing lease commenced 24 March 2006 with 3-yearly rent review and a current passing rent of £8,400 per annum.
North Yorkshire
£ 750,000
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