Highly profitable DAYTIME CAFÉ, superb TOTNES town centre trading position, considered valuable and sought after with properties always in demand. Fronting the High Street, being the main shopping thoroughfare, close to the Market Place and shoppers car parks, surrounded by national retailers and other independent businesses, ensures substantial pedestrian foot flow and passing trade.
Comprising a huge property with historic background, very deceptive, extending to the rear and above a considerable length. Offers servery/food to go counter, 35 cover dining area, kitchen, wash-up room, dry store and cloakroom. Covered pavement seating to the front offering 8 alfresco covers, additional enclosed rear alfresco dining area offering 30 covers, useful large storage building/workshop.
Large self-contained maisonette above extending over 3 floors, masses of character, suit owners or can be let £1,500 per month, provides kitchen/breakfast room, utility room, dining room, sitting room, 4 double bedrooms (1 en-suite), office/bedroom 5, bathroom. Additional self-contained apartment, currently let £585 per month, provides kitchen, sitting room, bedroom and bathroom. Viewing recommended to appreciate size and nature of building.
Established destination eating venue, serving easy menu to eat in or takeaway, very popular with local resident community, shoppers, and those working in the town, benefiting from summer visitor boost. Turnover 2021£231,644 ex Vat, Gross Profit £190,620. In the current financial year, the business is on course to achieve a turnover of £300,000 and Gross Margin in excess of 80%. More detailed financial information is available on request. Very profitable business with Net Profits of 6 figures to working owners, rent from accommodation can almost cover total rent for whole premises if not required, rare opportunity.
Guide Price: Leasehold £175,000 sav Ref: TR------N
