Spacious Bistro in Devon

Newton Abbot, Devon
REF: R07436

Asking Price:
£178,000
Annual Turnover:
£243,921
Annual Net Profit:
TBC
REF: R07436

Overview

Tenure:
Leasehold
Established:
2012
  • Very spacious
  • Excellent potential
  • Great location
  • Variety of customers
  • Well-established

The business for sale is a popular and spacious bistro in Newton Abbot, Devon which is situated in a great location and boasts a fully equipped kitchen.

 

Since establishment in 2012, this business has gone from strength to strength and services customers, who are mainly walk-ins, of all ages. This bistro has a huge amount of space for customers to enjoy the excellent food and friendly service this business provides.

 

The current owner is now looking for a new owner operator to take on and ensure the continued success of the business.

The business for sale is a spacious bistro in Newton Abbot that caters to a range of customers. This business has a huge potential for growth as it is in an excellent location and is very tastefully decorated. This business also has an alcohol license.

The premises has enormous floor space which boasts 68 covers with the potential for more. There is also a sofa area which offers additional comfortable seating. Customers can use the car park adjacent to the busy main street, making the bistro easily accessible for all.

This business boasts a fully equipped kitchen and there will be £2000 worth of Stock included in the sale.

The business is offered for sale on a leasehold basis, terms of which are to be confirmed.

This is a fantastic opportunity to acquire a profitable business which caters to locals and tourists with a large regular client base as well as walk in customers. The new owner would be excited by the potential for growth that this business offers.

 

This business has a huge potential for growth and could be developed further by opening for longer hours and by considering takeaways. This business could also be expanded through the use of digital marketing and by developing an online presence through the use of social media.

 

This business would be best suited to an owner operator who is interested in, or has experience in the catering industry and is excited to acquire a busy business in a customer facing role.

 

The current owner is willing to stay on for a transition period to ensure the smooth handover of this business.

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  • Very popular in summer.
  • Located in the town centre
  • There are a variety of shops and offices nearby
  • No Local competitors
  • High footfall
Rent
£18,000
Rates
£9,600
Lease Term
5 years, 2.5 years remaining
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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