Lifestyle business opportunities like this don’t come along very often. This fantastic independent café has been a finalist for ‘Best Cafe in Devon’ in the Muddy Stilettos Awards for the past three years and is loved by locals and tourists alike in the small and vibrant town of Hatherleigh in West Devon.
Serving freshly made meals and delectable cakes using local and seasonal ingredients, as well as barista-made coffees, milkshakes, smoothies, and ice creams, the One Market Street Cafe has an enviable reputation as a community meeting spot as well as a welcome stop-off for cyclists on the Tarka Trail and National Route 27, which runs through the town.
With multiple opportunities to expand and grow this already profitable hospitality business, and with owners’ accommodation onsite (benefitting from no onward chain), the cafe is well suited for both experienced owner-operators as well as for those making their first foray into hospitality business ownership.
The Business
One Market Street Cafe is located on the primary retail street in Hatherleigh, and it is the first refreshment offering encountered as you enter the town. The 30 covers are often mostly occupied during the popular breakfast and lunch sittings, with breakfast/brunch on a Saturday morning particularly popular and reservations typically needed to secure a table.
The vast majority of menu items are prepared from scratch and in-house, which is one of the key draws for the extremely loyal local client base. The baked items are a particular favorite, with a large variety of cakes, bakes and bars routinely available, as well as a regular signature cheesecake which sells out quickly!
The current owners have invested heavily in new professional-grade equipment during their six-year ownership. The setup currently includes a commercial kitchen with extensive range of appliances, display chillers, ice cream display case, a professional-grade soft serve machine, as well as a barista coffee machine.
Accounts from the past three years show healthy and growing turnover as follows: £173,267 (‘22-’23), £158,422 ('21-'22), and £81,750 (‘20-’21).
Sale includes building freehold and 100% share capital of limited company
Price: £350,000 plus £35,000 Fixtures & Fittings, plus stock at completion
Detailed accounts are available for review via signed NDA