Restaurant/cafe to let in Caen Street, Braunton EX33

In a bold corner position fronting the main road towards the beaches at Saunton and Croyde, close to the large public car park within the village of Braunton. This popular settlement has a population of around 10,000 inhabitants which is boosted throughout the year with the influx of tourists. It is a regular haunt of surfers and holidaymakers exploring the many independent shops and businesses. The village is on the main A39 route towards the unspoilt North Devon coastline, around 8 miles north of Barnstaple and 8 miles south of Ilfracombe.

The premises

Lock-up premises offering around 235 sq ft of space with return frontage window displays onto the main pavement and is readily accessible from the car park nearby. The premises will be fully equipped subject to trade inventory and excluding items of a personal nature. There is a private staff cloakroom outside just a few yards walk away.

Tenure

Assignment of an original lease dated May 2017 for a period of 10 years at a current rental of £6,600 per annum exclusive. An incoming new tenant will need to supply two trade/professional references for landlord's approval, proof of id, proof of funds and a CV. The ingoing premium price is £79,500 for the lease, trade equipment and goodwill of the business.

The business

Having been in the same ownership for the last 20 years this is a genuine retirement sale of this very successful catering establishment. Operating as a sandwich bar and takeaway, opening 10 months a year (closing just before Christmas and opening again for February half term), 6 days a week. Takings are just below VAT level from choice. £82,000 Gross profit, £53,000 net profit £35,000. Opening hours are 9am to 3pm with scope to increase!