Coffee Shops for sale in Bideford

View the "Coffee Shop & Restaurant Located In Bideford" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Leasehold Price: £94,950 Annual Turnover: £125,000
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Business Description
Veritas Business Sales are delighted to offer for sale this delightful Coffee Shop & Restaurant which is located in Bideford, North Devon. The business was established by our clients 3 years ago and has been in their careful hands ever since. Reluctantly the business is now being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Latte & Lunch is owner operated and employs the help of 4 part time members of staff and has an annual turnover of £125,000. They serve a fine range of homemade cakes, scones, cream teas, milk shakes, soft drinks, freshly made specialist coffee, breakfast tea, fruit teas along with a breakfast & lunch menu. All fayre is freshly prepared to order on site using only the finest local produce. We believe that there is further potential to increase trade by extending upon the current opening times during the summer months, currently the restaurant does not open in the evenings . The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Trading Hours:
Monday – Saturday – 8.00am – 4.00pm
Sunday – 10.00am – 4.00pm

Number of Employees: 4 part time

Tenure: Leasehold

Location Details:
This outstanding and well respected Coffee Shop & Restaurant is located in Bideford town centre, North Devon. Its positioned on the main thoroughfare and offers a prominent and highly visible location with stunning views of the estuary. The town has a population of circa 14,000 people and enjoys high levels of tourism during summer months. Bideford is an attractive town on the west bank of the River Torridge, 10 miles south west of Barnstaple on the A39 and local villages include Westwood Ho, Appledore and Northam.

Leasehold Term:
Original term: 15 years Remaining : 11 years Rent: £14,000 pa Reviewed: 5 years Business rates: £2,652

Website:

Listed by: Veritas Business Sales Ltd

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