Cafe For Sale

Looking for an amazing lifestyle business opportunity in beautiful Devon? This bustling café and owners accommodation with NO ONWARD CHAIN should be top of your list - take a look around with John!
Marketed at £350,00 (plus F&F plus stock at completion) for freehold and 100% of share capital of limited company. For more info, give us a call on 01837 54080. Detailed accounts available for review via signed NDA.
Lifestyle business opportunities like this don’t come along very often - this fantastic independent café has been a finalist for ‘Best Cafe In Devon’ in the Muddy Stilettos Awards for the past three years and is loved by locals and tourists alike in the small and vibrant town of Hatherleigh in West Devon.
Serving freshly made meals and delectable cakes using local and seasonal ingredients, as well as barista-made coffees, milkshakes, smoothies and ice creams, the One Market Street Cafe has an enviable reputation as a community meeting spot, as well as a welcome stop off for cyclists on the Tarka Trail and National Route 27 which runs through the town.
With multiple opportunities to expand and grow this already profitable hospitality business, and with 2-bedroom owners’ accommodation onsite on the first floor (benefitting from no onward chain), the cafe is well suited for both experienced owner-operators as well as for those making their first foray into hospitality business ownership.
The Business
One Market Street Cafe is located on the primary retail street in Hatherleigh, and it is the first refreshment offering encountered as you enter the town. The 30 covers are often mostly occupied during the popular breakfast and lunch sittings, with breakfast/brunch on a Saturday morning particularly popular and reservations typically needed to secure a table.
The vast majority of menu items are prepared from scratch and in-house, one of the key draws for the extremely loyal local client base. The baked items are a particular favourite with a large variety of cakes, bakes and bars routinely available, as well as a regular signature cheesecake which sells out quickly!
The current owners have invested heavily in new professional grade equipment during their 6 year ownership. The setup currently includes a commercial kitchen with extensive range of appliances, display chillers, ice cream display case and professional grade soft serve machine as well as a barista coffee machine.
Accounts from the past three years show healthy and growing turnover as follows: £173,267 (‘22-’23), £158,422 (‘21-’22), £81,750 (‘20-’21).
The Opportunity
There are multiple opportunities for revenue growth, with the most significant of these being expansion of opening hours to include seven-day opening as well as evening meal service to take full advantage of the business alcohol license already in place. The current owners have deliberately limited their opening hours in order to spend time with their young children, remaining closed for evenings, Sundays and Mondays.
Owner’s Accommodation
Located above the café, the spacious two bedroom owner’s apartment has a recently fitted kitchen and lovely views over the town. The apartment is accessed via an exterior staircase leading from the courtyard, entering into the rear of the space. The bathroom and separate WC are located off the hallway at the rear of the apartment, from there you move into the open plan kitchen/diner area. The slightly raised kitchen area has dark grey cabinetry with eye-catching copper handles and sink fixture, as well as an attractive tile backsplash. It includes built in oven and induction hob with space allocated for a microwave and dishwasher.
Beyond the kitchen is the dining area, illuminated by a south-facing window, opposite which is the door to the principle bedroom - a generous double with a range of built-in wardrobes along one wall. Continuing along the hallway, the second double bedroom is to the right, with the living room located at the front of the apartment. This room has a cosy log burner for chilly evenings, and the glazing here was replaced in the past year when the current owners completed a major refurbishment of the front façade including woodwork and extensive glazing, with only final decorative touches remaining to be completed.
Services:
Mains electricity (3-phase to ground floor, single phase to apartment).
Mains water & drainage.
LPG heating. Broadband connected
Council Tax Band (apartment): A
(business rates apply to ground floor cafe)
Tenure: Freehold
The music featured in this video is 'Hang On by LiQYD' - / liqwyd