Archived
Highly Rated Cafe And Gift Shop For Sale
Exmouth, Devon
- Asking Price: £64,995 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £96,000. Full financials can be made available upon further
- Tenure: Leasehold
Please quote reference B07148
Hilton Smythe are delighted to welcome to the market a unique opportunity to purchase Harbour News & Gifts, a high rated Cafe and Giftshop in Exmouth, Devon.
The highly rated business opportunity was established by our client over 5 years ago, and has built up excellent reputations and repeat client base.
It has now come to the open market due to our clients desire to move onto other interests.
Harbour News & Gifts is a unique opportunity to purchase a ready-made business in the up and coming area called Exmouth Marina.
This Café and shop currently runs from 1st March to end of December – from March to end of September it is a summer/beach gift shop/Café and from 1st October up until Christmas it is a Christmas Shop/Café. New for 2023 is the outdoor seating area which is being developed to create a Boulevard that is in keeping with the Marina. There will be a rental cost to this seating area which we have been advised will be in the region of £500 per annum.
The Café currently offers snacks such as homemade Pizza, Paninis, Sandwiches, Nachos, Chips, Crepes, Waffles, Ice Cream sundaes for either sit down or takeaway. Our client is currently talking with Deliveroo to include their business on their site. Inside the shop, they also sell Marshfield’s Ice Cream and have a Whippy Soft Serve Machine.
The gift shop sells a lot of beach goods and crabbing sets as you would expect but they also have a large stock of unique local artists work such as Cards, Gifts, Magnets, Hand painted items. Inside the shop is a fishing area selling Lures, Tackle, Fishing Rods, and Weights.
In January 2023, they will be applying for an alcohol licence to enable the business to sell alcohol via the Café to customers and also local produce such as Ciders and Wines through the shop.
We are advised that the business is run and managed by our client, with the help of her partner.
The current trading hours are -
Monday - Closed
Tuesday – 10:00am – 4:00pm
Wednesday – 10:00am – 4:00pm
Thursday – 10:00am – 4:00pm
Friday – 10:00am – 4:00pm
Saturday – 10:00am – 4:00pm
Sunday – 10:00am – 4:00pm
Harbour News & Gifts is located on the Pier Head in Exmouth Marina.
The businesses has eye catching signage and receives high levels of footfall. There are many attractions throughout the year that keeps the footfall. They have Stuart Line Boat Cruises; Starcross Ferries; Boat Fishing Trips and Coach Drop off point 10 metres away.
Surrounded by many newly built apartments including a significant number of £1mil penthouses
The shop has 2 toilets, 1 large storage area and a good sized kitchen. The shop floor itself is large.
The lease includes 1 parking space allocated at the back of the shop. There is a back door for access to the car park.
Tenure
We are advised that the business is being sold on a Leasehold basis. The rent is £550 per month, service charges at £111 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
