Detached house for sale

Latteria Cafe, Bear Street, Barnstaple

£29,000

Property Description

Full description

Tenure: Leasehold


Probably the best bacon and egg sandwich in Barnstaple according to us at Collyers!!! An opportunity to purchase a well run Cafe in Barnstaple with an excellent Trip Advisor rating of 4 1/2 Stars.

We're sad that due to ill health Sandra, the owner of the 30 cover Latteria Cafe has to sell, but she is hoping to find someone who can take over and run the cafe to it's full potential as in recent past she has been unable to do this.

The Latteria Cafe is situated in Bear Street which is a busy side road in Barnstaple main shopping area. The Cafe is known for it's excellent breakfast and breakfast sandwiches which has locals and tourists alike coming back time after time.

"Great service and atmosphere with absolutely the best full English!!!! A real hidden gem, spotlessly clean, friendly staff. Eat here whenever in town"
Trip Advisor Review - July 2019

Whilst the Cafe is known for it's Breakfast items it also serves a variety of Lunch items which are equally as good.  With the right marketing to locals and tourists this could provide an increased revenue stream .

"A lovely gem of a place. Off the main road but worth finding. We had a pannini for lunch possibly the best we have ever had, certainly the most generous filling. Comfy seats, lovely staff."
Trip Advisor Review - July 2019

The cafe comes with a kitchen area that is big enough for any new owners to expand the menu as well as offering the possibility of a delivery service to local business' and offices or outside catering.

By increasing the Cafe's opening hours which is currently 8.30am to 3.30pm, you could target the afternoon cake and coffee trade. 

The turnover is approximately £70,000 with a gross profit of approximately £50,000.  Accounts will be made available to those seriously interested parties who have inspected the premises. The potential to increase this turnover drastically by doing some of the above means this Cafe is a great investment for anyone looking to run their own business. 

Ingoing Premium of £29,000. Currently held on a 20 year commercial lease until 14th December 2030. An incoming purchaser will need to provide the usual bank and trade references for Landlord's approval.




More information from this agent

Listing History

Added on Rightmove:
02 August 2019

Nearest stations

  • Barnstaple (0.6 mi)
  • Chapleton (4.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 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.

Floorplans


To view this property or request more details, contact:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 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

  • Barnstaple (0.6 mi)
  • Chapleton (4.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Collyers, Barnstaple

43 Bear Street, Barnstaple, EX32 7DB

03339 873593 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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