Business for Sale in EXETER , DEVON - TEA ROOM, COFFEE SHOP, CAFÉ - Leasehold: £74,950

Key Information

Ref
TR33991N
Type
Food Service Businesses: Tea Rooms
Location
England: Devon
Tenure
Leasehold
Status
Sold
Annual Sales
£102,896 Ex Vat
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Themed TEAROOM/COFFEE SHOP/CAFÉ, sought after EXETER QUAY, enjoying attractive waterside trading position, lovely aspect, ensures considerable pedestrian foot flow, surrounded by other popular businesses and residential apartments. Modern premises, provide 30 cover dining area, servery counter, kitchen, 2 cloakrooms and storage room, very lucrative and popular 20 to 25 cover sheltered covered forecourt seating area, useful private owners car parking space, benefiting from favourable overheads, rent only £700 per month, currently receiving 100% business rate relief. Renowned business, same ownership since 2005, serving popular easily prepared menu, benefits from alcohol licence, trades daytimes only, regular local trade plus summer boost and when events takes place on the quay. Sales 2018 £102,896 ex Vat, Gross Profit £75,335 (73%), considerably more in previous years, recent roadworks having impacted on trade, should revert to previous levels of trade in excess of £120,000 ex Vat upon completion, still offers scope to build on current levels of trade, potential evening trade. Leasehold £74,950 sav Ref: TR33991N

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