Business for Sale in England: Devon - CAFÉ BAR/RESTAURANT plus EVENT/OUTSIDE CATERING - Freehold: £550,000 Leasehold: £99,000

Key Information

Ref
TR34418N
Type
Food Service Businesses: Cafes
Location
England: Devon
Tenure
Freehold, Leasehold
Status
For Sale
Annual Sales
£309,607 Ex Vat
Accommodation
3 Bedrooms
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Unique CAFÉ BAR/RESTAURANT plus EVENT/OUTSIDE CATERING, daytime and evening trade, popular EAST DEVON town, close to coast, commands excellent reputation. Substantial 5* premises, offering masses of character, 2 storey café/restaurant premises, provide approx. 50 covers, alfresco terrace, bar, commercial kitchen, preparation area, storage to include walk in cold room, huge valuable equipment inventory . Adjoining self-contained event/outside catering premises, very spacious, recently refitted and comprehensively equipped, provide substantial covered store which can accommodate vehicles/trailers ensuring easy loading/unloading for events, additional adjoining main production premises, comprise preparation, kitchen, packing, wash-up and utility areas plus walk in cold room, no major expenditure considered necessary. Useful car parking area offering sufficient space to accommodate catering trailers, adjoining self-contained cottage providing 2/3 bedroom accommodation, suit owners or can be rented out. Established business which continues to grow, offering popular seasonal menu, drawing trade from wide catchment area, enjoying regular repeat trade, holding bookings in respect of events for all types of occasion, a side of the business lending itself to further development. Sales 2018 £309,607 ex Vat, Gross Profit £216,149 (70%), sound levels of profitability, rare opportunity. Freehold £550,000 sav OR Leasehold £99,000 sav Ref: TR/R/V34418N

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