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Fully Equipped 18 Seater Cafe For Sale

Barnstaple, Devon
Asking Price:
£20,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

The premises comprise of a ground floor lock up double fronted retail unit, offering approximately 219 sq ft of cafeteria space with seating for 18 customers.

To the rear is an open plan kitchen area of approximately 100 sq ft, which is fully furnished and equipped with access beyond to the wash up area and the staff cloakroom.

Having acquired the property only a few months ago, our client now realises the business is extremely busy and has decided to sell.

The Boutport Café is open 6 days a week, currently trading from: 9.30am – 3.30pm Monday – Saturday.

The business is that of a cafeteria and takeaway selling lunches, breakfasts, cakes, sandwiches etc. This is a very busy location and has excellent potential to expand with the business currently trading at around £1,200 per week.

There is scope to extend the business by opening at 8am, providing town centre workers with morning coffees etc. and later on in the evening.

Property information

Property:

Leasehold

Lease Terms:

We understand the premises are offered on the balance of a 10 year lease with 6 years remaining from April 2018 at a current passing rent of £10,000 per annum plus an ingoing premium of £20,000.

An incoming purchaser will need to supply the usual bank and trade references for Landlord’s approval.

Leasehold Rent:

£10,000 per annum

Location:

In a busy town centre trading position at the Southern end of Boutport Street; close to the cinema and the junction of the High Street and Boutport Street, the property is therefore ideal for passing trade.

Barnstaple is recognised as North Devon’s premier commercial centre, having a population of around 35,000 inhabitants and serving a rural hinterland population in excess of 130,000 inhabitants which is boosted during the summer months with an influx of tourists.

Energy Performance Rating:
C

Contact Information

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