- High profit licenced café
- 60 Covers
- Plus holiday apartment which sleeps 3
- For sale as a going concern
- 15 Year lease on the café
- Annual rental on holiday apartment
- Turnover £295,000
- Worthy of your early consideration
Park Home for sale in Devon
High profit licenced café
60 Covers
Plus holiday apartment which sleeps 3
For sale as a going concern
15 Year lease on the café
Annual rental on holiday apartment
Turnover £295,000
Worthy of your early consideration
LOCATION
Located in the heart of Lynton, close to the Museum and Library and within easy reach of nearby car parks, Charlie Friday's Café benefits from strong footfall from both locals and tourists. Queen Street is a vibrant retail area, home to a variety of independent businesses including a pet shop, hairdressers, art gallery, pub, and other food outlets, as well as nearby guest houses. Lynton, together with its twin resort Lynmouth, is often referred to as the "Little Switzerland of England" thanks to its dramatic landscape of wooded river valleys leading to the sea. Local attractions include the stunning Valley of the Rocks, the historic water-powered Lynton and Lynmouth Cliff Railway, and the breath-taking South West Coast Path.
THE PROPERTY
Formerly The Globe Inn, the ground floor and basement have been transformed into the vibrant and colourful setting of Charlie Friday's Café. The ground floor offers a welcoming, homely atmosphere with comfortable seating, while a feature spiral staircase leads to a stylish basement space—perfect for private functions or use as a music venue. The café is supported by a fully operational kitchen and prep area, along with gents, ladies, and accessible cloakrooms. Additionally, available under a separate letting agreement with the landlord is The Snug—a spacious, open-plan holiday apartment with an en-suite shower room. This versatile space is ideal for use as B&B accommodation, staff housing, or private residence (subject to obtaining the necessary planning permissions).
TERMS
The lock-up café is available on a 15-year lease, with 10 years remaining, at a monthly rent of £1,250. The cosy holiday apartment is also let separately at £350 per month.
THE BUSINESS
Once voted Best Coffee Shop in Devon by Devon Life Magazine, Charlie Friday's is a vibrant, family and dog-friendly café located in the heart of beautiful Lynton. Known for its fresh and funky atmosphere, it operates as a welcoming daytime café and occasionally transforms into a lively evening venue. Open 7 days a week from 9am to 5pm, with special Friday evening Mexican Nights, the business is run by the owner alongside two full-time and up to three part-time staff, depending on the season. Annual takings are approximately £295,322, with a gross profit of £180,502 and a strong five-figure net profit after running costs. Charlie Friday's enjoys a loyal following from both locals and tourists. Viewing is highly recommended.
SERVICES
All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
VIEWING
Strictly by appointment through the selling agents.
RATEABLE VALUE
£11,250 - Cafe
£1,600 - Snug Holiday Let
UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
COUNCIL TAX BAND
To be advised.
LEGAL ADVICE
We strongly recommend that a tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the tenant's responsibility.
LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.
From the Lynton Town Hall cross over, turn left heading towards the village centre, at the next side street namely Queen Street a pleasant shop lined pedestrian walkway connects to Queen Street and at the very bottom on the right is the former Globe Hotel which now operates as Charlie Friday's Café.
Important Information
- This is a Leasehold property.
Property Ref: 55707_COM250084
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