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The Cosy Teapot, Budleigh Salterton, SOLD

The Cosy Teapot, Budleigh Salterton, SOLD - 10th December 2013

Well established traditional tea room in high quality coastal town

After 9 years at The Cosy Teapot in Budleigh Salterton, East Devon, Chris and Paula Roberts decided it was time to move on. They built up a solid trade, with a good local following, and enviable level of repeat trade. Serving home cooked and fresh food, the business has now been bought by Steve and Linda Jones through licensed property specialists Stonesmith of Exeter.

This is a new venture for Steve and Linda who have moved to Devon from South Wales. The business will continue to trade as a traditional tea room though Steve and Linda will add their own style.

The Cosy Teapot is in a prominent position in Budleigh’s main street and is just 200 yards from the beach. Despite having a strong residential population, it benefits from a surge in the summer months from tourists and holidaymakers.

The coffee shop occupies the ground floor of the premises with the main dining room seating approx 23 with a further 14 seats on the outside paved tea garden. The property also provides a kitchen, storage and customer welfare facilities.

Mike Phillips, Director of selling agents Stonesmith of Exeter says “the sale of the Cosy Teapot follows that of a number of similar catering businesses sold in East Devon by us in the last few months, including, The Chattery in Sidmouth, Inside Out in Sidmouth, Selley’s in Sidmouth. The market for daytime catering businesses remains extremely buoyant in East Devon”.

A leasehold business, Stonesmith sold The Cosy Teapot off an asking price of £85,000. Stonesmith can be contacted on 01392 201262 or properties for sale downloaded from the website www.stonesmith.co.uk

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