Picturesque Licensed Tea Room & Takeaway in Devon For Sale

Unopposed trading position, residential & tourist area, Devon.

Turnover £ 4,500
Price £220,000

Features

Licenced Tearoom & Takeaway Plus Permission To Open A Bar

OUTSIDE SEATING FOR 120 PEOPLE.
CONSERVATION AREA
5 STAR HYGIENE RATING

ATTRACTIVE PREMISES, flag stone flooring, beamed ceilings, open fires, sales counter, cake display, Coffee Machine (2 Group), coffee grinder, walls Ice Cream Freezer, Tables and chairs providing seating for 50 People (not currently utilised), CCTV system (3 cameras, 1 monitor).

Area for Bar

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

First floor Kitchen, 2 Ovens, 2 microwave oven, sandwich toaster, grill, fridges, freezers, etc.

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx. (40% online sales)

Staff

The business is at present operated by the Husband & Wife team with 1 full time chef with 1 full time & 2 part time staff as required.

Trading Hours

7 Day week
Summer Months
MONDAY - SATURDAY 11am - 10pm
SUNDAY 11am - 8pm

Winter Months

SUNDAY - THURSDAY 11am - 8pm
FRIDAY & SATURDAY 11am - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 10 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £6,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote