Cafes for sale in Exeter

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Exeter, Devon, England

  • Leasehold Price: £65,000  Price Reduced arrow_drop_down
  • Annual Turnover: £189,724
Seller Reference: TR34661N
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Business Description
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Seller Reference: TR34661N
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Business Description
Licensed CAFÉ/COFFEE SHOP, situated on one of EXETER’S most sought after shopping thoroughfares, bordering affluent ST LEONARDS, situated on MAGDALEN ROAD where premises are always in demand, nestled amongst other popular independent businesses, close private schools and medical practices, surrounded by desirable residential areas, short walk City Centre and business districts.

Attractive premises, the subject of considerable investment over the years, no major expenditure considered necessary, offers 28 cover dining area, servery counter, immaculate good size commercial kitchen with wash-up area considered suitable for types of cuisine, includes a host of top equipment, additional cloakroom, storage and useful enclosed yard area.

Well known destination business, under current ownership approaching 10 years, most efficiently operated, serving easily prepared popular menu, Sales increasing year on year, Sales 2019 £189,724 ex Vat, excellent 75% Gross Profit margin, favourable overheads with 100% business rate relief, predominantly staff run on day to day basis, suit working owners or can continue to be managed.

Leasehold £65,000 sav Ref: TR34661N

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