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Coffee Shop And Tea Garden In Lynmouth For Sale

Lynmouth, Devon, UK
Asking Price:
£320,000
Sales Revenue:
£265,640
Cash Flow:
Available on request

Lucrative business, easy to operate with transferable skills. Guaranteed to make money. The premises comprise of the 120 seater tea garden which is interspersed with colourful planting and climbing plants (Best in Bloom Winner 2019) plus the lock-up indoor coffee shop and snug, all of which is serviced by a well-equipped commercial kitchen.

In addition is Nelson Cottage the owner's apartment over commands great sea and harbour views as well as 2 bedrooms and 2 attic rooms.

In addition there is a kitchen, lounge and bathroom/WC.

From the master bedroom is access to a decked rooftop patio overlooking the village and harbour.

Currently the business operates for 8 months a year, by choice, during the daytime only, 7 days a week. The business is that of a coffee shop, cafe and takeaway selling ice creams, snacks, pasties as well as their much beloved cream teas.

The business is successfully run by a couple with 2 staff and during the busy summer months numerous part time staff.

The turnover is around £265,640 per annum, some years have provided a 6 figure net profit. Retirement is the reason for offering this lucrative going concern to the market.

Property Information

Property:

Leasehold

Lease Terms:

We are instructed to sell the residue of a renewable 10 year lease at a rental price per annum (price on application) and an asking ingoing premium price of £320,000 for the leasehold interest, goodwill and equipment of the coffee shop and apartment.
We understand it is a renewable lease.
An incoming tenant will need to supply usual bank and trade references for Landlord's approval.
A copy of the lease and accounts can be made available to those seriously interested parties who have inspected the premises, subject to owner’s approval.

Living Accommodation:

Delightful 2 bedroom apartment overlooking the Harbour providing Lounge, private kitchen, 2 bedrooms one with a rooftop decked patio overlooking the Harbour, River and Sea, private Bathroom, two large attic rooms one with Harbour, River views

Location:

Overlooking Lynmouth harbour, the river with the sea beyond, this is a special property with its pretty gardens and owner’s apartment - it is located in probably the best tourist trading position in North Devon.
The bold corner location of the gardens and coffee shop in the heart of the village attracts thousands of day trippers to partake in the cuisine and quality coffee and especially cream teas.
Lynmouth with its hilltop twin resort of Lynton is often referred to as the 'Little Switzerland' of England surrounding by deep sided river valleys. It is a haven for tourists and hikers throughout the year.
The nearest commercial centre is Barnstaple which is around 18 miles away.
Nearby is the famous Valley of the Rocks as well as the funicular Cliff Railway which opened in 1890 and connects Lynton and Lynmouth.

Premises Details:

The premises comprise of the 120 seater tea garden which is interspersed with colourful planting and climbing plants (Best in Bloom Winner 2019) plus the lock-up indoor coffee shop and snug, all of which is serviced by a well-equipped commercial kitchen.

In addition is Nelson Cottage the owner's apartment over commands great sea and harbour views as well as 2 bedrooms and 2 attic rooms.
In addition there is a kitchen, lounge and bathroom/WC.
From the master bedroom is access to a decked rooftop patio overlooking the village and harbour.

Energy Performance Rating:
F

Franchise Information

Franchise opportunity:

Franchise Resale

Contact Webbers Commercial

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