Cafes for sale in Barnstaple

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Fashionable 34 Seater Cafe

Barnstaple, Devon, England

  • Leasehold Price: £29,000  Price Reduced arrow_drop_down
  • Annual Turnover: £70,000
Seller Reference: COM180050
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Business Description
 
 
 
 
 
 
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Seller Reference: COM180050
Request Details
Business Description
*Ingoing Premium of: £29,000 (was originally £39,950)*

The premises comprise of a ground floor leasehold lock-up 34 cover cafe bar which was established approximately in 2005.

The main cafe has a split level floor area and is nicely decorated and presented with suspended ceilings and matching furnishings throughout.

To the rear there is an internal lobby, storage cupboard and customer cloakroom on the right and, on the left, access to a small well equipped commercial kitchen.

Our clients have owned the business for around five years and operate the business as a single proprietor with numerous members of staff with the main cafe bar opening six days a week 8:30am - 4:00pm (closed Sunday by choice).

The premises have an excellent menu with a good range of all-day breakfasts (which are very popular), sandwiches, paninis, wraps, jacket potatoes, traditional ploughman's, teas and coffees.

In addition to the main business it is also a takeaway business which provides additional income.

We must stress that the business is for sale for genuine reasons and that the opening hours could easily be extended with evening opening as well as exploiting the Sunday lunchtime trade.

The turnover is approximately £70,000 with a gross profit of approximately £50,000.

Accounts will be made available to those seriously interested parties who have inspected the premises.
Tenure:
Leasehold
Location Details:
In a busy trading position, close to the junction of Boutport Street and Bear Street, the property is conveniently placed for commercial trade.
Leasehold Term:
Ingoing Premium of: £29,000. Held on a 20 year commercial lease until 14th December 2030 at a current rent payable of £435pcm. An incoming purchaser will need to provide the usual bank and trade references for Landlord's approval.
Listed by:
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