Business for Sale in SIDMOUTH, Devon COFFEE SHOP/CAFÉ/CAKERY

Leasehold Price £175,000

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Key Information

Reference: TR35935N
Tenure: Leasehold
Status: For Sale
Region: Devon
Sector: Coffee Shops
Annual Sales: £343,600.00 Exc. VAT
Accommodation: Yes

Valuable trading position, desirable coastal town
Substantial eye catching 3 storey character property
Servery/takeaway counter, dining area, kitchen, store
Very spacious versatile 3 bedroom accommodation
Renowned business, Sales 23/24 £343,600 ex Vat

Business Information

Renowned COFFEE SHOP/CAFÉ/CAKERY with strong developing brand which is considered most valuable. Occupying sought after trading position within SIDMOUTH town centre, the jewel of the EAST DEVON coast, fronting a busy pedestrian thoroughfare, a short walk to the beach/esplanade, surrounded by other popular businesses and attractions, close hotels, and desirable residential areas.

Unique imposing premises, deceptively large and versatile, extending over 3 floors, the subject of recent investment, and benefiting from favourable overheads. Configured to provide ground floor servery/takeaway counter, customer dining area, commercial kitchen/baking area, storeroom, and cloakroom. Spacious 3 double bedroom accommodation extending over 2 floors above, includes kitchen/diner, sitting room, bathroom, utility room/store, and ample storage.

A popular business which continues to grow and offers considerable further opportunities, serving an easy menu to eat in and takeaway, famous for its brownies, which can be bought online, and prove popular gifts, an area of the business lending itself to further development. Sales 2022/23 £205,079 ex Vat, forecast Sales 2023/24 £343,600 ex Vat, excellent 70% Gross Profit reflecting niche menu lines.

Leasehold £175,000 sav Ref: TR/K35935N