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Cafe for sale

Fore Street, Cullompton, Devon, EX15

Under Offer £12,500

Property Description

Full description

Tea Room/Café/Restaurant as a going concern.

A long established café/restaurant business with covers for 36.

Occupying a double bow fronted premises it is located in the centre of Cullompton-population about 9,000 with large hinterland.

THE BUSINESS: Over the years this business has had an excellent reputation in the town and a strong all year round following. Sales for the last two years have been in excess of £1,500 - £1,800 with a gross profit of 70%. The business is well suited to a husband and wife team.

HOURS: 8am to 3pm - 7 days per week. The vendors are trialling Wednesday evenings also.

PREMISES: The restaurant is located in a prime shopping position in the main street of the town in substantial premises with attractive appearance of double entrance doors flanked by small paned bow windows. A public car park is nearby.

ACCOMMODATION: The accommodation comprises;

Double fronted shop of internal width 8.4m (27'6") narrowing to 3.35m (11') at the rear and a maximum depth of 9.75m (32'). Rear coffee service bar. To one side is a very nicely fitted Preparation Room 4.69m x 3.55m (15'5" x 11'7") with hygienic lined walls and modern tiled floor.

Rear Lobby, Toilet.

EQUIPMENT: The business is well equipped with good quality modern appliances almost all of stainless steel and including Kensington 5 ring ceramic hob/2 oven and grill electric cooker, tall freezer, chest freezer, extensive stainless steel work surfaces, Bain Marie warming tray, Buffalo griddle, Buffalo double frier, two other friers, 5 microwave ovens, vogue-double deep bowl stainless steel sink/drainer, cooker hood extract, racking, closed circuit TV monitor, larder fridge, electric soup pot, cooking utensils, 4 slice toasters, George Foreman griddle.

Certificates - 5 star Food Hygiene rating MDDC.

Restaurant - covers for 36 wheelback chairs and tables, ceiling fan, globe lights. Flat screen TV, wifi.

Coffee Shop - counter, stainless steel sink and drainer unit with cupboards, Expobar twin cup coffee machine, Cunill coffee grinder, Bravilor filter coffee machine on loan from coffee bean supplier, Ceado and Dinkum milk shake machines, Hotpoint fridge, hot water boiler, Triton oversink water heater, 2 adjustable pendant down lighters, work surfaces.

LEASE: The business is offered with the benefit of a 10 year lease of the premises and of which one years is unexpired. The rent is £651 per month. The purchaser will be asked to pay the landlords legal costs in connection with the assignment of the lease. It is understood that the landlord is prepared to grant a new lease to suitable tenants.

RATEABLE VALUE: £9,300 (businesses qualifying as "small businesses" will be eligible for low business rates - enquiries should be made of the Mid Devon District Council).

PRICE: the business is available for purchase as a going concern including goodwill, equipment and the benefit of the lease in the sum of £12,500 plus stock at valuation.

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