Tourist-Frequented Exmoor Cafe Restaurant and Accommodation in Porlock, Somerset for Sale
Porlock, Somerset
- Status
FOR SALE
- Date Submitted:
10/08/23
- Advert ID
517905
- Reference
R158 / Rightbiz
- Call Agent:
- Freehold: £320,000 (Stock at valuation)
- Turnover: £70,000 (£1,346 Per week)
- Net Profit: On request
Key Features
- Established Business
- Prime Location
- Home Based
- Central Position in Affluent Village
- Retirement Sale
- Accounts Available
- Fully Fitted
Business Details
Exmoor Tourist Visited Cafe Restaurant with Accommodation
28 Cover Restaurant; Licensed; Prominent Position;
2 Bedroom Flat above (can be made independent of the restaurant for letting);
Pretty Exmoor Village; Tourist Visited Area; Caravan Site nearby.
Currently an easily run fish and chip and pies restaurant – the business offers approx. 40 different pies including vegan, vegetarian, gluten free etc. The business opens from 5 p.m. until 9 p.m. 6 or 7 days a week according to season, but closes for a period during the winter.
The business is run by a husband and wife team and has been in the present hands for approximately 30 years and is now for sale due to retirement.
The business has been much busier in earlier times opening during the day, particularly in the very busy summer months, but now the business is kept below the vat threshold and accounts show takings just in excess of £70,000 p.a.
The potential for expansion in new owners' hands is exceptional......
Price: £320,000 Freehold
EPC: E (112)
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Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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