The Lime Kiln Restaurant & Cafe for sale in Ilfracombe, Devon with seafront views
- Sector
- Restaurant & Cafe
- Location
- Ilfracombe, Devon
- Asking price
- £270,000
- Annual turnover
- £877,000
- Figures
- Actual
- Tenure
- Leasehold
About this business
The Lime Kiln: Restaurant & Cafe For Sale
Starling Corporate is delighted to present the opportunity to acquire The Lime Kiln Cafe & Bar, a thriving seafront restaurant and cafe in Ilfracombe, North Devon, offering stunning coastal views and an attractive setting for both local residents and visitors.
Established in 2023, the Business has achieved impressive growth, generating a profit in its first year despite substantial investment in the premises and equipment. Annual turnover has since exceeded £877,000, demonstrating strong demand and the appeal of its prime coastal location.
The Restaurant benefits from extensive indoor dining space and a large outdoor terrace overlooking the seafront. Its diverse offering includes breakfast, lunch and dinner, barista-quality coffee and a fully licensed drinks operation, supported by a family-friendly and dog-friendly environment and an established customer base.
Benefiting from Ilfracombe's popularity as a coastal tourism destination, the Business typically experiences particularly strong trading between April and September. Further growth opportunities include developing year-round trade, hosting events and private functions, enhancing digital marketing, and expanding takeaway sales and commercial partnerships.
The Business is fully operational, with significant investment already made, providing an incoming owner with an established hospitality operation and a strong platform for continued growth.
The owners are seeking to sell as part of a planned reduction in their wider business commitments, creating an attractive opportunity for an experienced hospitality operator, existing restaurant group or entrepreneurial buyer.
Investment Highlights
Prime seafront location in Ilfracombe, North Devon.
Annual turnover exceeding £877,000 and profitability achieved in the first year.
Extensive indoor dining and outdoor terrace overlooking the coast.
Low Rent of £12,000 per year.
Whilst busniness rates are paid, these are jsut above the threshold.
7 years remaining on the 10 year lease. Subject to approval the council will give consent to re-assign the lease.
Established food, coffee and licensed drinks offering.
Strong local and tourist customer base.
Significant potential to expand year-round trading and profitability.
Fully operational, turnkey business with further growth opportunities.
Figures are provided by the seller or their broker and have not been independently verified by Dealdoor. Enquire through Dealdoor to request more information.