Restaurant/cafe for sale in Exeter, Devon EX1

£50,000
Restaurant/cafe for sale
Interested in this property? Call +44 1772 913303 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • ***Well established family run business, vendor is looking for a quick sale due to serious health issues, Offers over £50,000***
  • 2018 turnover in excess of £200,000, weekly in excess of £4.500 on restricted hrs, long lease available
  • City Centre and main street location
  • Modern interior, Fully revamped. 1 floor, approx. 30 covers externally serving area. Excellent scope and potential.

Property description

Reference - 47212

Description
The Little Orange Café in Exeter is a multi-function Cafe located on Southside Street, a road that continues for 25 yards then becomes the High Street, in an area steeped in history and tourism of Exeter, Devon. With easy parking nearby, plenty of comfortable seating, over 30 covers internally all year round and with the addition of Deliveroo service which is proving to be a great hit with clients. The business as a true scope to expand and build upon the current success of the vendors and extend the hours and menus.

With a commanding position and a friendly atmosphere throughout, clients can choose from a selection of dishes, snacks and drinks. The Little Orange Cafe also offer a regularly updated range of specials and great home food to choose from.

The Cafe is centrally located within the City Centre area of Exeter (The main Cathedral is only 200 yds away) in Devon. The business benefits from the no end of tourists 12 months of the year, in addition the business is supported by keen locals, and university students, who supply all year-round trade.

Owned and operated by our vendor for over 4 years, the business is booming, however due to a lack of enthusiasm by the vendors, they restricted the opening hours. Scope exists to increase the turnover yet again if a buyer obtains an alcohol licence and opens in the evenings, there are a whole host of café’s in Exeter that do this very successfully. The Café, if licenced for alcohol, wouldn’t take long for an enthusiastic buyer to retap into the evening trade and boost their investment.

Current seating arrangements is laid out over 1 floor the current eating area offers in excess of 30 diners comfortable seating arrangements with plenty of space, this figure could be increased. In addition to this the café offers a takeaway service with Deliveroo. Although this is a very new service it is already providing an additional source of income.

The business offers a full waiting service from its dedicated team

Sales
Current sales average £4,500 per week approximately with restricted opening hours but excellent scope to boost these.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
The vendors currently regulate the opening hours, due to their personal preferences. Currently the vendors are open as follows leaving huge scope to increase the turnover by extending the opening hours.

Monday to Saturday 08:00 to 16:00
Sunday Closed

Staff
Operated by the vendor with up to 5 full and part time staff in
4 staff are casual as and when required. 1 staff member if full time

Property
The Little Orange Cafe operates from a double fronted, large modern interior property resting upon the main Southside Street in the heart of Exeter City Centre, close to the high st (25 yds) the coach station (100 yds), Cathedral (200 yds) and the waterside (400 yds)
There is a centrally placed doorway n this double fronted property which was originally 2 shops knocked into one.
The main building is constructed of brick and render under a pitched roof with slate tiles with privately rented flats above. The property is owned by the local authority.


Restaurant/bar/kitchen/areas


There main, centrally placed entrance leads into the dining area. The walls are plastered and have modern colours as a feature. The floors are all wooden laminated flooring. Seating is arranged throughout the area and are spacious, modern with comfortable chairs. The whole of the dining area is centrally heated throughout.
The main door, centrally placed opens to the main serving counter in front, left and up 1 step. At the counter a where a variety of drinks and a coffee machine is found, A doorway to the rear of this area opens into the commercial kitchen, the other end of the kitchen opens into additional space where the office and storage area is found. Beyond this is a staff area and rear access.
There are unisex toilets within the café.

Residential Accommodation
There is no residential accommodation associated with the business

Tenure
The current lease with the local authority has 9 years remaining. The vendors state that the landlord will issue a new lease subject to status of the client and will consider longer periods.
A new lease will be issued to suitable applicants upon a rental of £16,500 pa, The business currently benefits from small business rate relief. Current rates payable are £6,600 per annum and currently under a review process to reduce.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
An ideal opportunity to obtain The Little Orange Café (Exeter) Limited T/A The little Orange Cafe, located right in the centre of the City Centre area of Exeter in a highly desired area.
The sale can either be a share sale in full or an asset sale plus goodwill. The vendors will consider reasonable offers.
The business offers excellent scope for an owner operator to enhance the good work already established by the current owners. Due to the location and scope demand is expected to be high and early viewing is recommended to avoid disappointment

Arrange Viewing

For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

Contact Kings Business Transfer about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

10 more properties like this

View all South Street commercial properties for sale