£100,000
Restaurant for saleTorquay, England, United Kingdom TQ2
Business
About this property
Business
Please quote reference B07193
Cogogo are delighted to welcome to the market Thyme Out Torbay, a highly rated licenced Cafe in Torquay.
The business was established by our client in 2019, building up an excellent reputations and a repeat client base.
Thyme Out Torbay has now come to the open market as our client is looking to relocate overseas.
The business is very well known in the area, providing people with a place to eat that serves locally sourced ingredients and good food at a reasonable price during day time hours.
Key selling points -
Scope to improve -
Location
Thyme Out Torbay is located on Fleet Street, in the town centre of Torquay.
The businesses has eye catching signage and receives high levels of footfall and passing trade.
Premises
Thyme Out Torbay occupies a double fronted premises on a busy main road.
Ground floor -
Tenure
We are advised that the business is being sold a Leasehold basis, currently on a 10 year lease. The rent is £35,000 per annum.
Hours
The current trading hours are -
Monday to Saturday – 9:30am – 5:00pm
Sunday – 10:00am – 4:00pm
Staff
We are advised that the business has 7 to 8 members of staff, depending on the season.
Financial Profile
We are advised as per the 2023 accounts, the business is projected to generate a turnover in the region of £400,000. As per the 2022 accounts, the business generated a turnover in the region of £286,000. Further financials can be made available upon request.
Please quote reference B07193
Cogogo are delighted to welcome to the market Thyme Out Torbay, a highly rated licenced Cafe in Torquay.
The business was established by our client in 2019, building up an excellent reputations and a repeat client base.
Thyme Out Torbay has now come to the open market as our client is looking to relocate overseas.
The business is very well known in the area, providing people with a place to eat that serves locally sourced ingredients and good food at a reasonable price during day time hours.
Key selling points -
- 3 Key staff members who are an asset to the company
- Community hub
- Huge amount of repeat trade along with being located in a high footfall area
- Staff members in place
- Outstanding reputation
- No online delivery platforms (scope to expand)
Scope to improve -
- Push marketing
- Increase trading hours
- Introduce theme nights/cocktail nights.
Location
Thyme Out Torbay is located on Fleet Street, in the town centre of Torquay.
The businesses has eye catching signage and receives high levels of footfall and passing trade.
Premises
Thyme Out Torbay occupies a double fronted premises on a busy main road.
Ground floor -
- Café seating area with 90+ covers
- Bespoke décor
- Fixed seating
- Counter
- Fully licensed
- WC
- Kitchen - Ample stainless steel worktops
Tenure
We are advised that the business is being sold a Leasehold basis, currently on a 10 year lease. The rent is £35,000 per annum.
Hours
The current trading hours are -
Monday to Saturday – 9:30am – 5:00pm
Sunday – 10:00am – 4:00pm
Staff
We are advised that the business has 7 to 8 members of staff, depending on the season.
Financial Profile
We are advised as per the 2023 accounts, the business is projected to generate a turnover in the region of £400,000. As per the 2022 accounts, the business generated a turnover in the region of £286,000. Further financials can be made available upon request.
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