Business for Sale in EXETER, Devon COFFEE/SANDWICH BAR/CAFÉ

Key Information

Reference

TR35452N

Tenure

Leasehold

Status

For Sale

Region

Devon

Sector

Cafes

Annual Sales

£140,910.00 Exc. VAT

Accommodation

No

Business Information

Famous COFFEE/SANDWICH BAR/CAFÉ, affluent sought after EXETER suburb, short walk City Centre, close hospital, schools and offices, surrounded by desirable residential areas where housing is always in demand. Fronting a primary vehicle & pedestrian thoroughfare, forming part of the attractive and vibrant MAGDALEN ROAD shopping parade where premises rarely become available and are quickly snapped up when they do, host to a wide range of other independent businesses, easily accessible with free car parking and shopper’s car parks close by.

Eye catching premises benefiting from good size frontage together with outside seating providing 18 alfresco covers which proves popular. Contemporary customer dining area, bar seating and tables providing a further 12 covers, servery counter complete with valuable La Marzocco coffee machine, takeaway counter, well equipped kitchen along with wash-up area, customer cloakroom, staff cloakroom and storage.

A well-known destination business established a substantial number of years, enjoys a strong following providing all year round regular trade. Offering an easily prepared menu to eat in or takeaway, trades 6 day week, opening daytimes only, closing bank holidays & 2 weeks each year. Sales 2022 £140,910 ex Vat, Gross Profit £95,047 equating to excellent 67% reflecting menu lines offered, still offers further opportunities for new owners through additional menu lines.

Leasehold £65,000 sav Ref: TR/SB35452N