Fabulous WATERSIDE LICENSED DAYTIME COFFEE SHOP/CAFÉ/RESTAURANT & FUNCTION VENUE, a side of the business lending itself to further development, adding to the already impressive levels of profitability. Stunning trading position within vibrant NORTH DEVON town, enjoying fabulous views, situated on popular heritage and cycle trails, close all amenities, includes popular shops/national retailers, and offices, being easily accessible with car parks and coach drop off points within close proximity.
Large site housing spacious and unique historic trading premises, in the region of 2,500 square feet, particularly versatile, comprehensively refurbished in recent years at a cost of more than £100,000, enjoying favourable lease terms and overheads, rent only £1,000 per month, and currently receiving 100% business rate relief.
Configured to provide customer dining areas offering approx. 74 covers, and ideal as a function rooms. Additional reception/servery counter, commercial kitchen, wash-up room, and cloakroom facilities. Benefits from an abundance of outside space, provides covered alfresco dining facilities with up to 40 covers, and a further 40 covers within the garden.
A popular top performing destination business, the first time on the open market, representing a rare opportunity. Trading daytimes only, 6 day week, predominantly staff run on a day-to-day basis, still proving highly profitable and increasing year on year. Sales 2025£434,491 ex Vat, Gross Profit £317,107, equates to excellent 74%, adjusted Net Profits approximately £110,000 even on staff run basis. Still offers opportunities to develop and grow business through evening opening and/or development of function/wedding trade.
Leasehold £220,000 sav, Ref: TR36609N
