Restaurant/cafe to let in 8 Princes Street, Bude EX23
£15,000 pa (£1.00/sq. ft. pa)
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In a prime town centre trading position, occupying a bold corner site, the property fronts onto the main central one way traffic system within the town centre of Bude, North Devons premier tourist resort.
The town is just off the A39 Atlantic Highway connecting North Cornwall to the coast and beyond.
There are a host of beaches nearby including Summerleaze Beach, Crooklets Beach, Wiedmouth Bay and Sandymouth Bay and the town has a popular Golf Links course.
The property comprises of a ground floor lock up unit of approximately 720 sq ft operating as a busy 44 seater licenced restaurant.
The café will be offered comprehensively equipped including all dining room tables and chairs and fittings as well as bar servery and to the rear is a fully equipped commercial kitchen and beyond that is a rear lobby and gents and ladies cloakrooms accessed from a pedestrian alleyway from the rear.
The premises will be offered on a basis of a commercial lease at a going rental of £1,250 per calendar month on internal repairing, decorating and insuring terms plus an ingoing premium of £54,950.
The lease currently has four years remaining but is a renewable lease, subject to Landlords approval. An incoming tenant will need to provide the usual bank and trade references for Landlords approval.
Our clients have been operating the business for the last 10 years and during that time an excellent trade has been established.
This is an excellent lifestyle business with the restaurant open during the Winter Season from 9am to 2.30pm, closed on Sundays and during the Summer Season the restaurant is open from 9am to 3pm and in the evening 5.30pm to 9pm.
There is of course potential to extend opening hours if required.
The business is run by the two proprietors, a second chef, one front of house member of staff and part-time staff if and when required during the busy summer months.
Accounts for the year ending 2018 show takings of £193,480 with an equally high profit.
We have no hesitation in recommending this business which is now available as a going concern.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
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