Business for Sale in NEWTON ABBOT, Devon NICHE CAFÉ/DESSERT BAR

Key Information

Reference

TR35675N

Status

For Sale

Region

Devon

Sector

Cafes

Annual Sales

£582,654.00 Exc. VAT

Accommodation

No

Business Information

Two niche CAFES/DESSERT BARS, occupying valuable trading positions, one in NEWTON ABBOT town centre, and one in PAIGNTON, just off the sea front. Both fronting very busy pedestrian thoroughfares, popular with catering establishments and where premises are always in demand, being highly visible and easily accessible.

Both premises fitted and equipped to a high standard, each being the subject of comprehensive six figure refurbishment programmes, no major expenditure considered necessary. Newton Abbot offering reception/takeaway area, open plan servery/kitchen, approx. 30 cover dining area, cloakrooms, storage, staff and office facilities. Paignton offering approx. 60 cover dining area, servery, commercial kitchen, cloakrooms, storage, and office facilities. Enjoying favourable rents despite prime trading locations.

Popular businesses with strong following, local and visitor trade, attracted by the niche menu lines of waffles, crepes, pancakes, desserts, and other treats, available to eat in, takeaway, or for delivery. Sales 2022 £582,654 ex Vat, Gross Profit before wages £469,950 (81%) reflecting menu lines offered, predominantly staff operated on a day to day basis, adjusted Net Profits still approaching six figures.

Leasehold £149,995 sav Ref: TR35675N