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Highly Rated Cafe With An Alcohol Licence In Plymouth For Sale

Plymouth, Devon, UK
Asking Price:
£39,995
Turnover:
£110,000
Net Profit:
Available on request

CoGoGo are delighted to welcome to the market The Lemon Tree, a highly rated alcohol licenced cafe in Elburton, Plymouth.

The Lemon Tree was first established by our clients in 2020, building up an excellent reputation and regular client. As seen by the fantastic online reviews, the business is extremely popular within the local community.

This business opportunity has now come to the open market due to health issues.

The Lemon Tree is a community focused cafe business, with the unique offering of alcohol. The core trading hours were until 4pm, with a friday event evening every week. The special events are very popular within the local area, and are always booked up for quizzes, comedy nights, psychic entertainers and singers. The cafe can also be used for private functions like birthdays, christenings, hen parties, work Christmas events, breakfast with Santa. The business also offers sit in or takeaway orders.

Key selling points -

Google review score of 4.8/5
Facebook page – 1.6k followers
Complete refurbishment carried in 2020
Growing turnover and profit levels each year
Ideal ‘lifestyle’ opportunity for anyone looking to join this vibrant community
Excellent location in affluent village
Fully licensed for alcohol

Scope to improve -

Extend the current opening hours
Increase the evening bistro events
Increase local deliveries
Outside catering

Financial Profile

We are advised as per the 2023 accounts, the business generated a turnover in the region of £110,000. Further financials can be made available upon request.

Property Information

Property:

Leasehold

Location:

The Lemon Tree Cafe is centrally positioned in the highly desirable suburb of Elburton.

The business is surrounded by a large area of housing and receives high levels of footfall and passing trade.

Premises Details:

Ground floor -

Unique dining space for 24 people
Open plan bar/service counter
Kitchen/ storeroom
Toilet facilities

External -

Small terrace to the front of the unit which allows for a further 10 people

Business Operation

Trading hours:

The current trading hours are -

Monday – Closed
Tuesday to Friday – 8:30am – 4:00pm
Saturday – 9:00am – 3:00pm
Sunday - Closed

Employees:
We are advised that the business has 4 part-time members of staff.