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Established Cafe Business In Paignton For Sale

Paignton, Devon, UK
Asking Price:
£39,950
Sales Revenue:
£100K - £200K
Cash Flow:
Under £50K

This lock up unit has an excellent reputation with the local population as well as visitors to the area and is consistently rated as excellent on TripAdvisor. The Café offers an extensive menu with a large range of breakfasts, light lunches consisting of sandwiches, toasties, jacket potatoes and salads plus more traditional lunch options including sausage & mash, cottage pie and curry. The café is well known for its range of homemade cakes, puddings and scones and the current owners also offer celebration cakes made to order. Teas, fresh coffees, hot chocolates, smoothies, frappes and cold drinks are also on offer.

Property Information

Property:

Leasehold

Leasehold Type:
New
Location:

Cup Cake Café is situated on Torbay Road which is known as Paignton’s ‘Golden Mile’. This main road leads from the railway station and town centre down to the seafront and is Paignton’s premier holiday shopping street ensuring constant heavy footfall. Torbay Road benefits from a large seasonal boost when Paignton swells with visitors. There are many all year-round attractions nearby such as the Dartmouth Steam railway, the Vue cinema and the Geoplay Park to name a few.

Premises Details:

The premises comprises:-

The Grade II Listed Building has many original historic features, one being a Gardiner & Co metal vault door from 1888. The premises is fitted with a burglar alarm and L2 Zoned fire alarm.

Large glass frontage
With Bi-folding doors to the centre leading into the main trade area. The café is part carpeted to the front with original wooden floor boards to the rear. There are 30 covers internally with the café benefiting from covered outside seating providing a further 8 covers.

Bespoke service counter
With wood effect roll top work surfaces and wood panelling below. Polar refrigerated counter top display unit, glass cake display unit and cash register. Two under counter drinks fridges, lberital L’anna coffee machine, electric grinder, Problend mixer, toaster and wash hand basin. Three under counter fridges and under counter storage area. Wall mounted menus.

To the rear with steps up to

Catering kitchen
Domestic extraction system, 4 ring inset electric hob, Hotpoint dual oven, 4 microwaves, commercial toaster, under counter freezer and commercial dishwasher. Assorted baking and cooking utensils, sink unit with drainer and wash hand basin.

From the main trade area stairs lead down to

Ladies & gents cloakrooms

Freezer & dry store room
With under counter fridge, 3 large upright fridge freezers, under-counter freezer and chest freezer.

Cellar

General information

Rateable value
£8,500 Please note this is not rates payable. For further information we advise you contact the local billing authority, Torbay Council.

Tenure
We have been informed the Landlord will grant a new lease to the in-going tenant. The tenant will have repairing and insuring obligations with further terms to be negotiated. The annual rent is £12,250 payable quarterly in advance.

Business
Cup Cake Café has been trading for approximately 9 years. In this time the owner/operators have built a successful year-round business. The turnover for Year ending 31st March 2019 was circa £92,000 with abridged net profit of approximately £20,000. The two owner/operators are assisted by 7 part time staff during the summer, reducing to 4 during the winter months.

Services
The premises is connected to mains electricity, water and drainage.

Stock
Wet and Dry stock in trade will be taken over by the purchaser at valuation on the day of completion.

Inventory
To include furnishings and equipment as per an inventory to be supplied, but excluding the owner's personal effects.

Contact Bettesworths

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