Cafe for sale

North Street, Exeter, Devon, EX4

Sold STC £25,000
1 sq. ft.

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops and A3 Restaurants and Cafes

Key features

  • Well Presented Licensed Coffee Shop
  • Busy City Centre Trading Location
  • Presented in Excellent Order Throughout
  • Superior Trading Environment
  • Potential To Develop All Aspects Of The Trade
  • Excellent Catering Business Opportunity

Full description

Tenure: Leasehold

THE PROPERTY
Gulliver's is a well regarded day time only coffee shop. The lock up leasehold premises were purposefully fitted and equipped by our clients in 2016, to a high standard. The unit, which has A1 use class, offers incoming purchasers the opportunity to buy an established coffee shop and tearoom with the potential to develop a style of trade to suit their own personal requirements. This desirable catering business has an excellent and growing reputation and briefly comprises: - attractive ground floor Cafe Area comfortably seating 22 customers; substantial Customer Servery and Preparation Area; Customer WC and extensive Basement Store Rooms. Gulliver's also benefits from a license to sell alcohol and currently trades day times only from 10.00am until 4.00pm Monday to Saturday. The sale of Gulliver's represents an opportunity to purchase a well regarded catering business in an excellent trading position and with genuine potential to develop all aspects of the trade still further.

SITUATION
Gulliver's is located in North Street, one of the main thoroughfares and a busy trading position with high footfall, just off of the high street, in the main shopping area of Exeter city centre. Gulliver's benefits from the considerable commercial advantages of its much sought after trading location, close to two large public carparks, offices and several well known national retailers. Exeter itself, is the regional capital for the South West and as such, is not only an established and expanding business centre, but also a popular tourist destination year round. Renowned for its historic cathedral, university and waterside developments, Exeter boasts excellent transport communications with 2 mainline rail links to London, an International airport and easy access to the M5 motorway at junction 30.

INTERNAL DETAILS
Fully glazed frontage with part glazed entrance door leading into Main Coffee Shop and Seating Area a well presented and attractive purpose fitted customer seating area, tastefully furnished with wood laminate flooring, attractive décor, wall mounted menu boards, range of free standing leather effect armchairs and comfortable sofas offering seating for 22 customers. Substantial wood fronted and topped Customer Servery and Preparation Area with serve over counter, electronic cash register, cake and pastry display stands, microwave oven, open storage shelving, twin deep bowl stainless steel sink unit, wall shelving, La Spaziale, commercial coffee machine, coffee grinder, toaster, dishwasher, Buffalo contact grill, soup kettle, under counter fridge/freezer, refrigerated multi-deck cold drink display unit. Rear Lobby Area with ice cream chest freezer. Store Room with racked shelving, fridge freezer and CCTV monitor. Basement Store Rooms with range of base kitchen units with complementary work surfaces, inset stainless steel work surfaces and hot water boiler. Racked shelving, ample storage space and various spare commercial catering equipment and furniture.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS
Small Rear Courtyard Area with pedestrian delivery access to the rear and Customer WC.

THE BUSINESS
Gulliver's trades as a quality day time only coffee shop and tea rooms. Presented in excellent order throughout, the business benefits from a lucrative a prominent city centre trading position. The business serves a popular and easy to prepare day time menu which ranges from hot and cold non alcoholic and alcoholic beverages, toasties, light bites, jacket potatoes, homemade soup, homemade cakes, tray bakes and pastries. The business has been purposefully fitted and equipped to a high standard and consequently offers a superior trading environment. The business is run by a single working proprietor with occasional casual help, as and when required. The business benefits from a license to sell alcohol, with the intention to extend trade into the evenings, however this has never been fully explored Gullivers benefits from a 5 star food hygiene rating and has won an award for the best cakes in Exeter from the Exeter Food Guide. Gullivers also has an excellent social media following and our clients advise that Gullivers is the highest rated coffee shop in Exeter, based on Facebook ratings. Our client is prepared to offer a full handover and training to interested parties, including all recipes. A viewing is highly recommended in order to fully appreciate the high standards inherent throughout all aspects of this business.

TRADING INFORMATION
Accounts for the year ending October 2017 show sales of £72,000. Business levels have been deliberately restricted to below the VAT threshold through personal choice. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The business trades on deliberately restricted opening hours of 10.00am until 4.00pm 6 days a week, being closed on Sunday's.

POTENTIAL
The sale of Gulliver's represents a perfect opportunity to purchase an easy to run day time only catering business which is well appointed and offers tremendous potential for new owners to develop all aspects of the trade still further. Undoubtedly, there is potential for incoming operators to extend the opening hours and make better use of the license to serve alcohol by offering an evening tapas style menu or similar. There is also the potential for new owners to develop their own style of trade to suit their own personal requirements. New owners will benefit from being able to move in without the need for any major expenditure on the premises. Any early appointment to view is highly recommended in order to full appreciate all that this quality and easy to run catering business has to offer.

EPC
E-117

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

SERVICES
All mains services, with the exception of mains gas are connected to the subject property.

PRICE & TENURE
£25,000 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

The premises are held on a renewable lease with a term of 5 years from October 2016 at a rent of £12,500 per annum, payable quarterly in advance. There is a tenant only break clause in October 2019. The tenant has shop front and internal repairing obligations. Full details available on request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.


Nearest stations

  • Exeter Central (0.2 mi)
  • Exeter St. Thomas (0.5 mi)
  • Exeter St. Davids (0.6 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Exeter Central (0.2 mi)
  • Exeter St. Thomas (0.5 mi)
  • Exeter St. Davids (0.6 mi)
Distances are straight line measurements from centre of postcode

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