Bideford, EX39

Coffee Shop & Restaurant Located In Bideford Town Centre

Established Business

Stunning Views

Ref 2197

Location

This outstanding and well respected Coffee Shop & Restaurant is located in Bideford town centre, North Devon. Its positioned on the main thoroughfare and offers a prominent and highly visible location with stunning views of the estuary. The town has a population of circa 14,000 people and enjoys high levels of tourism during summer months. Bideford is an attractive town on the west bank of the River Torridge, 10 miles south west of Barnstaple on the A39 and local villages include Westwood Ho, Appledore and Northam.

Business information

Asking Price: £94,950 plus SAV

Turnover: £126,000 pa

Stock: £1,000

Leasehold

Original term: 15 years

Remaining : 11 years

Rent: £14,000 pa

Reviewed: 5 years

Business rates: £2,652

Business Description

Veritas Business Sales are delighted to offer for sale this delightful Coffee Shop & Restaurant which is located in Bideford, North Devon. The business was established by our clients 3 years ago and has been in their careful hands ever since. Reluctantly the business is now being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Latte & Lunch is owner operated and employs the help of 4 part time members of staff and has an annual turnover of £125,000. They serve a fine range of homemade cakes, scones, cream teas, milk shakes, soft drinks, freshly made specialist coffee, breakfast tea, fruit teas along with a breakfast & lunch menu. All fayre is freshly prepared to order on site using only the finest local produce. We believe that there is further potential to increase trade by extending upon the current opening times during the summer months, currently the restaurant does not open in the evenings . The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Monday - Saturday - 8.00am - 4.00pm

Sunday - 10.00am - 4.00pm

Ground Floor

Restaurant comprising: tables & chairs to cover (34), 4 basket seats, coffee table, various pictures, stainless steel chilled display cabinet, sales counter, 2 under counter fridges, (Fridgemaster), electronic cash register, toaster (dualit), 2 twin plate grills (Buffalo), blender (Blendtec), hot water dispenser (Instanta), upright drinks fridge (Interlevin), various shelving, 2 bench seats, hand wash basin and a metal shelving unit.

W/C with hand wash basin and mirror.

Kitchen comprising: dual deep fat fryer (Buffalo), 4 burner gas hob & oven, 2 microwaves (kenwood), 2 upright freezers (Indesit), can opener (Bonzer), stainless steel commercial sink with drainer, safe, stainless steel work table, fan, extractor hood and various shelving.

External

Tables and chairs to cover (24)