Cafe in Prime Location in Exeter

Exeter

£72,500 Leasehold + SAV
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This ideally positioned café for sale is situated in one of the prime locations of Exeter. It trades very successfully and would ideally suit a husband and wife/partnership without the need of many staff, if any! It benefits from outside seating together with an array of tables and various bench and chair seating inside. The dining area is atmospheric, with rustic panel clad walls, original wood flooring and to the rear, a smaller prep kitchen, WC and servery counter/takeaway to front. This is an opportunity not to be missed and early viewings are highly recommended....

LOCATION

The business is situated on Queen Street, Exeter, directly opposite Marks and Spencer, Guildhall eating quarter and Guildhall carpark is nearby. With an impressive passing footfall from first thing in the morning until late at night due to various restaurants, clubs, shops and Exeter Central railway station being only one hundred meters away.  The Cathedral city of Exeter is an ancient city on the River Exe in southwest England. Dating back to the Roman era, the Exeter City walls surround its centre and Gothic Exeter Cathedral. With a world-renowned University, International Airport and mainline train to Paddington station, this is a beautiful and sought-after place to live.

 

BUSINESS

Devon Coffee has been operating successfully by the owner with part-time assistance when required, and is only now reluctantly being placed on the open market.  It trades extremely well selling hot and cold drinks together with a simple snack menu generating an impressive turnover and subsequent net profit. Trading hours from approx. 09.00 am – 4.00 pm but with enormous scope to expand earlier and later in the day. A large volume of potential customers walk past the premises from 07.00 in the morning until approximately 10.00 in the evening. There is an opportunity to create a takeaway window to the front and possibly provide crepes or simple takeaway dishes to the passing public, which would increase the already impressive turnover. A comprehensive handover will be provided to the purchaser. Actual trading accounts will be made available following a successful formal viewing.

 

ACCOMMODATION

Part glazed front door to:

 

DINING AREA

8.08m x 2.07m

A lovely large space with 7 tables and bench/chairs for approx. 20 which could be expanded but currently allowing for COVID restrictions. With original wood flooring, wall mounted drinks and menu board, panelled walls and spot and pendant lighting.

 

COUNTER/SERVERY

Within the dining area to the front is a counter which is ideally situated  upon entering the premises. This servery/counter allows for takeaway service. This space also benefits from a two-group cappuccino machine,  3 coffee bean grinders, epos till, wall-mounted and base fitted units with ample space for crockery, cutlery and glassware, bottle refrigeration cabinet, filter coffee machine and much more.

 

KITCHEN

3.26m x 2.57m

The kitchen is situated to the rear of the premises and is fully equipped for the cooking and preparation needs of the business.

 

TOILET

To the rear through the kitchen is a separate toilet with low-level WC and wash hand basin.

 

OUTSIDE

To the front, the business benefits from a pavement license for one table, four chairs and a fully retractable awning.

 

SERVICES

All mains services, electricity, water and sewage are all connected, however none of these has been tested by the agents Ware Commercial.

 

FIXTURES AND FITTINGS

All fixtures and fittings are owned outright except for the owner’s personal effects. A full inventory will be provided before exchange of contracts.

 

LEGAL FEES

The ingoing tenant to pay landlord’s reasonably incurred lease assignment/setup costs.

 

TENURE

Leasehold. The current rental is £2,100 per calendar month.

 

RATEABLE VALUE

Please make your enquiries on the local Valuation Office Agency, telephone 03000500246 or on the Valuation Website (VOA) at www.voa.gov.uk (however, our clients enjoy full business rates exemption because of small business rates relief)

 

VIEWINGS

All viewings and enquiries are to be made through the agents Ware Commercial.  TEL. 01803 328880 or 01392 462266 Email. info@warecommercial.com   www.warecommercial.co.uk

Misrepresentation Act

Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.