Cafe for sale

Budleigh Salterton, Devon

£110,000

Property Description

Commercial information

  • Business for sale

Key features

  • Valuable town centre trading position in Budleigh Salterton
  • Substantial and versatile character premises in excess of 1,800 sq ft
  • 2 interconnecting Dining Areas & 2 interconnecting Retail areas
  • Lucrative enclosed courtyard Garden offering alfresco seating
  • Benefits from alcohol licence
  • Sales 233,377, Gross Profit 126,420
  • Popular growing business trading daytimes only
  • Sound level of local trade plus seasonal boost
  • An established business under current ownership since 2016
  • EM&F reference number: TR34350N

Full description

Tenure: Leasehold

Description: A unique licensed coffee house/café bar and lifestyle store, serving a popular easily prepared menu, retailing a range of quality gifts for the individual and the home together with some ladies boutique. Operating from very spacious character premises, considered most versatile and a real feature of the proposition, the likes of which rarely become available. Comprising 2 inter-connecting units, providing initial dining area offering 16 covers, adjoining dining/retail area offering 22 covers and an abundance of retail display space which could be used to increase the number of dining covers, additional clothing display area, kitchen, 2 storage rooms, customer cloakrooms and staff cloakrooms. Outside to the rear is an attractive enclosed courtyard garden offering alfresco dining facilities, providing a further 20 covers, very popular and lucrative. The business commands an excellent reputation and enjoys a substantial local following providing regular all year round trade, in addition to a summer seasonal boost from the many day trippers and holidaymakers to the area.

Location: Occupying a high profile town centre trading position, fronting the main shopping thoroughfare towards the higher end of the High Street, benefiting from substantial pedestrian foot flow and highly visible to passing motorists who can take advantage of the free on street car parking adjacent the premises which is in addition to free shoppers car parks close by. At the time of our inspection the business was nestled between a hair salon and funeral directors, opposite a hardware store, close to the local bakery and numerous other popular businesses ensuring good levels of pedestrian foot flow with the seafront and the popular beach only a short walk away. Budleigh Salterton is a desirable and affluent seaside town, playing host to a good size resident population who provide sound all year round regular trade in addition to attracting visitors and holiday makers throughout the year. Located on the picturesque East Devon coast between Exmouth and Sidmouth, lying on the South West Coast Path with the pebble beach forming part of the Jurassic Coast, a World Heritage Site, the vibrant and developing City of Exeter together with its motorway access lies approximately 11 miles away.

Premises: An eye catching property with its substantial tiled and wooden framed glazed frontage, holding a 5* EHO rating, whilst 2 units only one entrance door is used with glazed entrance door opening to initial COFFEE BAR/CAFÉ AREA, laminate flooring, feature wood panelling to the walls, window spot lighting and chandelier style lighting. Fitted mirrored back bar with storage under, coffee machine, coffee grinder and till on top, additional fitted storage cabinet and shelving, glazed front bottle chiller, freestanding tables and chairs providing 16 covers. Through to adjoining DINING/RETAIL AREA, feature parquet flooring, fireplace with inset coal effect gas fire, wood panelling to the walls, ceiling and chandelier lighting. Freestanding tables and chairs providing 22 covers, sofa seating and service desk, display table, freestanding shelving display units and hanging rails. Adjoining CLOTHING RETAIL AREA, laminate flooring, changing facility, wall mirror, ceiling spot lighting and pendent light, contains chrome hanging display rails and display shelving. To the rear of the dining/retail area is the KITCHEN, benefits from rear aspect and door to courtyard garden, fitted with gas fired boiler and extractor. Provides WAITRESS AREA comprising fitted work counter, hand washbasin, under counter fridge and 3 under counter freezers. Adjacent COOKING AREA, comprehensively equipped to include 5 burner cooker, 2 contact grills, 2 toasters, twin Panini machine, 2 microwave ovens, upright fridge and upright freezer. Adjoining WASH-UP Area fitted with stainless steel sink/drainer and dishwasher. Also to the rear of the dining/retail area are the spacious CLOAKROOMS comprising separate ladies and gentlemen's, each fitted with toilet and hand washbasin. A side LOBBY AREA provides access to the rear CLOTHING STORE ROOM, contains storage racking and hanging rails, inter-connects with FOOD/DRY STORE, contains storage racking, upright freezer and fridge/freezer, whilst leading off is the STAFF CLOAKROOM fitted with toilet, hand washbasin and shower cubicle.

(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)

Outside: A rear lobby provides customer access to the attractive rear COURTYARD GARDEN, tables and chairs with parasols offering ALFRESCO DINING providing a further 20 covers. The premises benefit from useful rear access in respect of the bins and gaining access to the High Street via Palmers Mews.

Business: An established business under current ownership since 2016, since this time there have been numerous improvements to it and the business has continued to grow year on year, only offered for sale in order to pursue retirement. Trade is split approximately 55% in respect of the coffee shop/café and 45% in respect of retail sales. The café serves an easily popular menu to include soup, pate, bagels, baguettes, toasted sandwiches, Paninis, cakes, scones and cookies together with hot and cold soft drinks plus alcoholic beverages comprising bottled beers and wine. Retail lines comprise items for the individual and the home to include costume jewellery, scarves, candles, silk flowers, cushions, lamps, some china and glass wear items. A range of ladies affordable casual clothing is also available from the popular brands of Celtic Peruzzi, Sahara, Espresso and Hope which proves popular. A great deal of regular repeat local trade is enjoyed together with a boost from visitor to the town, in particular during the summer months.

Trading Hours: Trades Monday to Sunday 9.00am - 5.00pm, the coffee shop/café closing at the slightly earlier time of 4.00pm.

Staff: Operated by a husband and wife team, assisted by 5 part time members of staff and casual assistance when required.

Takings: Trading performance is impressive, takings continue to increase, in particular on the coffee shop/café side of the business. In respect of the financial year ended 31st March 2018 Sales amounted to £233,377 ex Vat split £117,384 in respect of the coffee shop/café and £115,993 in respect of the retail side of the business. A combined Gross Profit of £126,420 was returned ensuring the business remained most profitable, in particular if owner operated. With regards to the current financial year, we have been advised Sales are approaching £300,000, building on the current levels of profitability.

Comments: The sale of L'Image provides a rare opportunity to acquire substantial character trading premises in a most desirable coastal town coupled with a growing profitable business which still lends itself to further development in the hands of new owners.

Tenure: The vendors own the Freehold and are looking to grant a new negotiable Lease with a commencing rent in the region of £20,000 per annum.

Rates: Approximately £2,000 per annum payable.

Price:£110,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Exmouth (3.9 mi)
  • Lympstone Village (4.7 mi)
  • Lympstone Commando (5.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Exmouth (3.9 mi)
  • Lympstone Village (4.7 mi)
  • Lympstone Commando (5.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference TR34350N. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by EM&F , Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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