As major investment throughout the Torbay area continues, the appetite for lifestyle businesses is also on the rise. And, as the English Riviera’s reputation as a renewed tourist and staycation destination grows, Paignton’s popular waterside eatery, The Harbourside Tearooms & Bistro, comes on the market with a profitable mix of high tourist visitors and year-round local customers.
A prime location
Set in the popular, heavy footfall area of Roundham Road in Paignton, The Harbourside Tearooms certainly lives up to its name. Overlooking the harbour and close to all of Paignton’s amenities and attractions, the café and bistro sits in a prime location within one of the bay’s most highly-favoured tourist hotspots.
Having undergone extensive refurbishments over recent years, the café is in excellent order throughout. Now presenting a relaxed and friendly atmosphere, the Harbourside has a stylish and shabby chic interior with a nautical theme and caters for both eat-in and takeaway meals with a full and varied menu.
Spacious and open plan
Inside, the spacious café benefits from the open-plan layout, with wooden tables and bench and chair seating for 24+ customers. The extended serving counter to the rear maximises the available seating space, and includes under counter storage, shelving, display fridge, coffee machine, electric till, and fridge.
To the rear, the well-equipped commercial kitchen is spacious and is perfectly suited to the needs and purposes of the café. Behind the scenes, ancillary storage includes a dry store with shelving, plus a storeroom, and customer toilets.
There’s also a pavement licence in place that allows outside seating for 8 covers at the front of the café, though the licence is unrestricted in numbers.
Healthy turnover and profits
The Harbourside is run as a business that suits the lifestyle of the current owner. However, there’s plenty of scope to increase and extend the current daytime only trading hours as well as an opportunity to get a licence for evening bistro trading as well (STPP).
With an excellent leasehold sale price of £57,500 and £5,940 rental pa, viewing is highly recommended. The café comes with healthy turnover and profits already in place and the opportunity to increase these are well within reach for the right buyer taking over this turnkey business.
On the sale of The Harbourside, Charles Darrow Director, Jon Clyne, says “If the location doesn’t catch your eye, the business will. Having been operated on a limited day time schedule, with the potential for evening opening and a premises licence, the business is perfectly positioned to benefit from the heavy investment in the surrounding area. Interest parties are advised to make themselves known, and quickly.”.