Business for Sale in TOTNES, Devon LICENSED CAFÉ/RESTAURANT

Freehold Price £295,000

Key Information

Reference
TR35351N
Tenure
Freehold
Status
For Sale
Region
Devon
Sector
Cafes
Annual Sales
£254,851.00 Exc. VAT
Accommodation
No

Business Information

Rare FREEHOLD CAFÉ/RESTAURANT opportunity, desirable TOTNES town centre, offering a Vegetarian themed menu. Enjoying prime High Street trading position where properties are always in demand, surrounded by other popular businesses ensuring good levels of pedestrian foot flow, close residential areas and attractions to include Totnes Castle, with car parks only a short walk away.

A deceptive character ground floor property, approx. 30 cover front dining area and 20 cover rear dining area, bar/servery counter, commercial kitchen, customer cloakrooms. Valuable and lucrative attractive rear garden area, offers a further 30 alfresco covers, additional detached outbuilding providing storage/office/staff facilities, property benefiting from holding alcohol licence and live music licence.

A famous destination business, top reviews, same owner approaching 35 years, retirement sale, now predominantly staff run, trading 6 days and 2 evenings, still offers further opportunities for new owners. Sales 2020 (46 weeks) £254,851 ex Vat, Gross Profit £192,482, equates to superb 76% reflecting niche menu lines. Proves most profitable whether staff or owner operated.

Freehold £295,000 sav Ref: TR35351N

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