Cafe for sale

Sidmouth, Devon

£39,500

Property Description

Commercial information

  • Business for sale

Key features

  • Prime eye catching High Street position
  • Alfresco area & owners parking
  • 40 cover, waitress area, commercial kitchen
  • Popular business with locals and visitors
  • Sales 82,258, Gross Profit 77%, easy hours
  • EM&F reference number: TR34422N

Full description

Tenure: Leasehold

Description: A popular daytime catering establishment serving an easy menu to eat in or takeaway, enjoying a strong following from the surrounding local resident and business community providing all year round trade and not being reliant on visitors to the town albeit a summer seasonal boost is experienced. Operating from spacious premises which of late have seen recent investment in the form of new equipment, providing 40 cover dining area, servery counter, waitress area, wash-up room, commercial kitchen, storage, separate customer and staff cloakroom facilities. Outside to the front can be found alfresco dining facilities offering a further 18 covers and benefiting from canopy, to the rear are owners private car parking facilities considered valuable. The business trades easy daytime hours offering new owners ample opportunity to build on the current levels of successful trade.

Location: The trading position proves most lucrative, situated towards the top end of the main shopping High Street which ensures a great deal of all year round trade from the local resident and business community, assisted by the close proximity of numerous national retailers along with free restricted on street car par parking immediately in front. At the time of our inspection the business nestled between an estate agent and solicitors practice, opposite The Original Factory Shop which draws a considerable number of shoppers to the area, other surrounding businesses comprising a number of other estate agents, greetings card shop, pharmacy, hair salon, Tesco Express and the Co-operative Food Store with popular residential housing also close by together with the local hospital providing additional trade from those visiting patients.

Area: Sidmouth, a 'Regency Town by the Sea' lies along the picturesque East Devon coast, supporting a population of approximately 15,000 drawing trade from the many nearby coastal villages and hamlets, approximately 17 miles from the City of Exeter and the M5 motorway network providing excellent communication links throughout the county. The town continues to grow and develop; now enjoying all year round regular trade, benefiting from the construction of new housing developments and a tremendous seasonal uplift from the many holiday makers and day trippers visiting this exclusive coastal resort, in particular during the renowned 'Folk Week' whereby businesses enjoy a huge trading boost.

Premises: Wooden framed glazed single frontage with retractable sun canopy and signage above, recessed entrance lobby with glazed entrance door opening to pleasant customer DINING AREA, carpeted, wall mounted air conditioning unit and menu boards, condiments wall shelving, feature ceiling lighting. Cushioned window bench seating, free standing tables with matching chairs, and additional bar stool seating provide approximately 40 covers, customer CLOAKROOM leading off fitted with toilet and hand washbasin. To the rear, SERVERY COUNTER providing cake display, side counter housing coffee machine, coffee grinder and filter coffee machine, behind can be found upright glazed front drinks chiller, small drinks chiller and till. Through to rear WAITRESS/PREPARATION AREA, benefits from rear aspect ensuring the premises remain light and airy, fitted with vinyl flooring, base storage units, work counters, hand washbasin with hot water heater over, wall shelving and fluorescent strip lighting, contains hot water still, milk shake machine, under counter fridge, under counter freezer, small chest freezer and upright freezer. Also leading off the dining area and also to the rear, useful WASH-UP AREA, fitted with stainless steel sink/draining unit, dishwasher and wall storage shelving, inter-connects with main KITCHEN which benefits from serving hatch to the waitress/preparation area avoiding the need for waitresses to pass through the wash-up area on a regular basis. The kitchen is fitted with a hand washbasin and is comprehensively equipped to include a host of new equipment, amongst the inventory, oven, griddle, twin basket fryer, commercial extraction unit, 2 commercial microwave ovens, standard microwave oven, and 4 under counter fridges. Through to rear LOBBY, houses upright freezer, DRY STORE leading off, also contains upright freezer and slim line chest freezer, separate STAFF CLOAKROOM fitted with toilet and hand washbasin, part glazed back door opening to the rear of the property.

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

Outside: To the front of the property, ALFRESCO DINING AREA with tables and chairs providing 18 covers, benefiting from retractable canopy enabling all year round use. To the rear of the property, BIN STORAGE AREA and owners CAR PARKING with sufficient space for 2 - 3 cars depending on size proving very useful and considered most valuable.

Business: An established popular business acquired by the current owner in 2017, only offered for sale due to time constraints associated with taking on another business opportunity. Serving an easily prepared menu to eat in or takeaway, items available include breakfasts, snacks, light meals and main meals, sandwiches, baps and paninis, cakes, hot and cold drinks. The business proves popular with those living and working in the area, passers-by and visitors to the town, such is the trading position all year round trade is enjoyed rather than being reliant on tourists.

Trading Hours: The business trades favourable hours, Monday to Saturday 9.00am through to 4.00pm. Scope exists to increase trading hours if new owners so wish, in particular during the busy summer months.

Staff: Operated by the sole vendor with the assistance of 1 full time member of staff and 1 part time member of staff, the business could easily be operated by a couple with a small amount of staff assistance.

Takings: Accounting information provided in respect of the financial year ended 5th April 2018 confirms a profitable business even with being operated by the sole vendor with staff assistance. Sales amounted to £82,258 returning a Gross Profit of £63,242 equating to an excellent 77% reflecting the profitable menu lines offered.

Comments: The sale of Sarah Jane's Café provides an excellent opportunity to acquire an easily manageable daytime catering business which still lends itself to further development, considered suitable for a variety of menu lines. New owners will benefit from prime positioned spacious premises to include a host of new equipment with no major expenditure considered necessary.

Tenure: Held on the residue of a 5 year Lease which commenced in 2017, current rent £14,000 per annum. The Lease is a sub-lease from the adjoining solicitors practice and as such is outside the Landlord & Tenants Act.

Rates: £1,807 payable in respect of 2019/2020.

Price: £39,500 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 station

  • Feniton (7.5 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

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Map & Street View

Nearest station

  • Feniton (7.5 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.

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