Restaurant/cafe for sale in Plymouth, England, United Kingdom PL9

Business
Please quote reference B07358

CoGoGo are delighted to welcome to the market The Lemon Tree, a highly rated alcohol licenced cafe in Elburton, Plymouth.

The Lemon Tree was first established by our clients in 2020, building up an excellent reputation and regular client. As seen by the fantastic online reviews, the business is extremely popular within the local community.

This business opportunity has now come to the open market due to health issues.

The Lemon Tree is a community focused cafe business, with the unique offering of alcohol. The core trading hours were until 4pm, with a friday event evening every week. The special events are very popular within the local area, and are always booked up for quizzes, comedy nights, psychic entertainers and singers. The cafe can also be used for private functions like birthdays, christenings, hen parties, work Christmas events, breakfast with Santa. The business also offers sit in or takeaway orders.

Key selling points -

• Google review score of 4.8/5


• Facebook page – 1.6k followers


• Complete refurbishment carried in 2020


• Growing turnover and profit levels each year


• Ideal ‘lifestyle’ opportunity for anyone looking to join this vibrant community


• Excellent location in affluent village


• Fully licensed for alcohol

Scope to improve -

• Extend the current opening hours


• Increase the evening bistro events


• Increase local deliveries


• Outside catering

Location
The Lemon Tree Cafe is centrally positioned in the highly desirable suburb of Elburton.

The business is surrounded by a large area of housing and receives high levels of footfall and passing trade.

Premises
Ground floor -

• Unique dining space for 24 people


• Open plan bar/service counter


• Kitchen/ storeroom


• Toilet facilities

External -

• Small terrace to the front of the unit which allows for a further 10 people

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease. The rent is £458 per month.

Hours
The current trading hours are -

Monday – Closed
Tuesday to Friday – 8:30am – 4:00pm
Saturday – 9:00am – 3:00pm
Sunday - Closed

Staff
We are advised that the business has 4 part-time members of staff.

Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £110,000. Further financials can be made available upon request.