Cafes for sale in Teignmouth

View the "Extremely High Quality Licensed Cafe and Coffee Shop" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £99,500 Annual Turnover: £130,615
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Business Description
THE PROPERTY
The Old Java Coffee House is a thriving and extremely well regarded daytime only cafe and coffee shop operating on deliberately restricted opening hours and presented to an exceptionally high standard throughout. The business offers potential for incoming operators to purchase an attractive and sought after business with an excellent reputation with both locals and visitors alike. These ground floor lockup premises have been purposely fitted and equipped and are presented to an exceptionally high standard throughout with a modern contemporary feel. The attractive premises briefly comprise: - Main Cafe Area comfortably seating 40 customers; Pavement Area providing al fresco seating for 4 customers; substantial Customer Servery; Preparation Kitchen Area and various ancillary and welfare facilities. The Old Java Coffee House also offers potential for incoming operators to develop their own style of trade to suit their own requirements and to take advantage of this well presented business in a prominent trading position within the busy town centre and close to the seafront. The sale of The Old Java Coffee House represents a unique opportunity to purchase a well established and extremely well regarded business with excellent levels of trade, impressive profits and genuine potential to increase all aspects of the trade still further.

SITUATION
The Old Java Coffee House occupies a prominent trading position within the centre of the popular and busy South Devon coastal resort town of Teignmouth. Enjoying all the considerable commercial advantages of its prime town centre trading position amongst other complementary businesses and residential developments, the business is also located close to the main seafront with a busy footfall. Teignmouth is a well known popular seaside resort, situated on the north bank of the River Teign estuary. Teignmouth has a thriving local community which swells considerably during the summer months. The town is well connected via the Shaldon Bridge to Shaldon and onto Torbay, whilst to the north the Cathedral City of Exeter with its easy access to the M5 motorway, intercity rail links and international airport is within approximately 20 minute drive.

INTERNAL DETAILS
Fully glazed picture windows to the front with recessed glazed entrance door to front opening into Main Cafe Area an extremely attractive and contemporary high quality trading space with solid wood flooring, feature lighting, wall mounted menu boards, part wood panelled walls, ceiling fans, sound system, wall displays, range of free standing wooden topped tables, high backed quality leather chairs, high stools, comfy upholstered armchairs and upholstered seating booth comfortably seating 40 customers. Timber fronted Customer Servery with cake display counter, serve over counter with EPOS touch screen cash register with printer link to the kitchen, range of open shelving, drawers and cupboards below, worksurfaces, wall shelving, wall mounted displays, San Remo coffee machine, San Remo coffee grinder, filter coffee machine, juicer/blender, hot water still, 2 under counter fridges, glass fronted under counter fridge, part tiled walls, Santos commercial grinder. Preparation Kitchen Area with part tiled walls, worksurfaces with storage cupboards below, Buffalo twin contact grill, toaster, 2 microwave ovens, under counter fridge, commercial dishwasher, extraction fans, stainless steel sink unit, stainless steel wall shelving and hand basin. Store Room with commercial upright freezer, fridge freezer, glass fronted wine fridge and racked shelving. Customer WC.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS
The property benefits from a Forecourt Seating Area to the front for 2 tables and 4 chairs. This area is held on a separate annual licence from Teignbridge District Council at £45 per annum. To the rear of the business is a bin store area together with a further area for additional storage.

THE BUSINESS
The Old Java Coffee House is a well established and well regarded licensed cafe and coffee shop which currently trades on a daytime only basis. Presented to an exceptionally high standard throughout, the business boasts excellent levels of regular year round trade and benefits from a lucrative and prominent trading position in the town centre, adjacent to numerous complementary businesses and residential areas, close to the main seafront. Through personal choice, our client, a single working proprietor, trades the business on a daytime only basis as a quality and upmarket coffee shop offering 10 single origins or blends of coffee, with a selection of teas, hot chocolates, soft drinks, wines, beers and ciders, liqueur coffees, smoothies and frappés, as well as a simple and easy to prepare menu to include toast, crumpets, tea cakes, light bites, soup, jacket potatoes, toasted sandwiches, traybakes, cakes, sandwiches, paninis and afternoon teas to include the popular Devon cream tea. Our client sources all produce locally with allergies and intolerances being catered for. The business offers both eat in and takeaway options and also has an established trade selling freshly ground coffee to order as well as loose leaf tea.

The attention to detail inherent throughout all aspects of the business ensures that The Old Java Coffee House enjoys excellent levels of year round regular trade with an impressive local following, not only from Teignmouth, but also the surrounding towns and villages. The business benefits from a 5 Star Food Hygiene rating. The Old Java Coffee House has a website, www.theoldjavacoffeehouse.co.uk, as well as a presence on Facebook and there is a customer loyalty scheme in place with a database. The business also benefits from numerous excellent reviews on TripAdvisor. Our clients have invested and maintained the premises and consequently the business is presented in first class order throughout. A viewing appointment is essential in order to fully appreciate the exceptionally high standards inherent throughout all aspects of this business.

TRADING INFORMATION
Management accounts for the year ending 31 May 2018 show sales of £130,615 exclusive of VAT with healthy net profits being achieved. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The business opening hours are 9:00am until 4:30pm Monday to Saturday and 10:00am until 4:00pm on Sundays.

CURRENT STAFFING
The business is run by our client, a single working proprietor, with the assistance of 2 full-time and 2 casual members of staff.

POTENTIAL
Our client advises that there is potential to increase the current trade levels with an opportunity for further advertising and marketing, including the development of a website. There is also an opportunity to extend the current opening hours, particularly by opening through the evenings and to extend the current menu choices and develop a bistro menu in the evenings as well as to introduce online coffee sales and takeaway ordering. There is also the potential for incoming operators to develop their own style of cuisine and to trade in a manner to suit their own personal requirements and take advantage of this exceptionally well presented business in a prominent trading location.

The Old Java Coffee House would best suit a working couple, and this business represents a unique opportunity to purchase a lucrative business with a well established trade in a much sought after trading location. Our client is prepared to offer a full handover and training to interested parties, should they so require it. The sale of The Old Java Coffee House represents a rare opportunity to acquire a high quality catering business which is furnished and presented to a high standard and new owners would benefit from being able to move in without the need for any major expenditure on the premises whatsoever. Coupled with this, the business enjoys good levels of regular year round trade and an early appointment to view is recommended in order to fully appreciate all that this quality licensed catering business has to offer.

LICENCES
The business benefits from a Premises Licence allowing the sale of alcohol from midday until 11:00pm Monday to Saturday and from midday until 4:00pm on Sundays.

EPC
E – 115.

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

SERVICES
All main services, with the exception of mains gas, are connected to the subject property.

PRICE & TENURE
£99,500 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

The business is held on a 9 year internal repairing lease from August 2014. The current rent is £16,488 per annum with rent reviews every 3 years and tenant only break clauses every 3 years. Full details are available on request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Tenure: Leasehold

Location Details:
The Old Java Coffee House occupies a prominent trading position within the centre of the popular and busy South Devon coastal resort town of Teignmouth. Enjoying all the considerable commercial advantages of its prime town centre trading position amongst other complementary businesses and residential developments, the business is also located close to the main seafront with a busy footfall. Teignmouth is a well known popular seaside resort, situated on the north bank of the River Teign estuary. Teignmouth has a thriving local community which swells considerably during the summer months. The town is well connected via the Shaldon Bridge to Shaldon and onto Torbay, whilst to the north the Cathedral City of Exeter with its easy access to the M5 motorway, intercity rail links and international airport is within approximately 20 minute drive.

Leasehold Term:
The business is held on a 9 year internal repairing lease from August 2014. The current rent is £16,488 per annum with rent reviews every 3 years and tenant only break clauses every 3 years. Full details are available on request.

Listed by: Stonesmith

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