Restaurant for sale

Bigbury

Under Offer £150,000

Property Description

Key features

  • Multi Award Winning & Renowned Seafood Restaurant
  • Idyllic Village Location within the South Hams
  • Internal Trade Area Seating 80, Covered External Seating for 100
  • Exceptional Turnover and Net Profit figures
  • Owner will Consider a Freehold Sale - Please Contact Agent for Information

Full description

Bigbury is an idyllic village set within the South Hams one of the most desirable areas to live in the UK. The Oyster Shack is perched upon the Tidal Road, set behind the Avon Estuary; an area of outstanding natural beauty. A mere 5 minutes drive (or lovely walk) is Bigbury on Sea, featuring the stunning Bigbury Beach and famous Burgh Island.


Rewind to 1989 and The Oyster Shack was bursting with row upon row of oyster purification tanks, where the oysters would be purified after maturing in the River Avon. Oyster lovers would arrive in droves, bringing with them a packed lunch, shucking their own oysters and tucking in with some crusty bread and a bottle of wine (or two). People would pitch up with their own deckchairs and while away an afternoon in the peace and quiet of the Avon Valley. Thus in an organic way, The Oyster Shack was born.

Keeping this ethos alive, the trade area has been extended on to the concrete patch to provide seating inside and outside - winters are rustic and cosy indoors by the fire whilst summertime is enjoyed 'Al Fresco'. The Oyster Shack's motto is ?Local and sustainable seafood, cooked to perfection, with heaps of soul?. With this in mind the menu is hand crafted daily, according to the seafood that is available locally and what is in season in the surrounding areas. The service is welcoming, charming and relaxed. ?A restaurant with heart? a quote from Tom Parker-Bowles. The Oyster Shack is regularly featured in the press, from regional magazines to National Broadsheets and industry publications. Regularly named as one of the top ?seafood restaurants? in Devon and the UK. This is a core example of the attention that the business naturally gains due to its longstanding heritage. The restaurant has been awarded the AA Rosette for the past 3 years, a TripAdvisor Award for Excellence and the Shack has also been mentioned in the Michelin Guide and Good Food Guide.


TENURE 
LEASEHOLD

THE PROPERTY 
Situated on a site measuring approximately 0.49 acres, the property is a single-storey detached building under a pitched roof. Internally, the property comprises: restaurant area with 80 covers and ample ancillary areas. Externally, there is a further covered trading area with seating for 100, additional ancillary areas include various team areas, store areas, staff parking for 15 and customer parking for 35 vehicles.

INTERNAL DETAILS 
Doors opening to the open plan internal restaurant which comprises: reception area, bar area, windows to front and side and provides seating for 80. Covered external weatherproof trading area with further seating for 100 covers. Ladies, Men's and disabled WC's.

INTERNAL ANCILLARY AREAS 
Large fully equipped open plan stainless steel commercial catering kitchen which includes a preparation area with walk-in fridge and stand-alone freezer, wine store, dry store, laundry room.

EXTERNAL ANCILLARY AREAS 
Bespoke management office of wooden construction, team room of wooden construction, wood store, freezer store, bin store and staff changing area.

EXTERNAL DETAILS 
The business is approached via a shared entrance (with the neighbouring residential property) and opens to a customer & staff car park for approximately 45 vehicles.

GENERAL INFORMATION 

RATEABLE VALUE 
RATEABLE VALUE 2017 List £10,750. This is not rates payable. For information, we advise you to contact the Local Authority, South Hams District Council, Tel, 01803 861243

THE BUSINESS 
The Oyster Shack has continuously built on its reputation for fresh, locally sourced and sustainable produce, year on year. The restaurant will regularly serve 1,400 covers per week during peak season, the website boosts 20,000 visits per month, there is an email database of 4,000 contacts and the Facebook page has received 4,394 likes, reinforcing the restaurants popularity. The current owner has grown the business from a turnover of circa £250,000 in 2014 to the very impressive £907,000 for year end April 2016 and the business is showing a 3% increase on net sales for year end 2017. The current split of trade is approximately 70% food sales and 30% wet sales. The restaurant currently trades April - October, Monday - Sunday, 12pm-3.30pm & 6.00pm- 9.00pm, November - March, Monday - Sunday, 12pm - 3pm and 5pm - 9pm closing Sunday evenings. The owner then closes during the month of January. In the kitchen, The Oyster Shack is operated by a core team of 7 which...

EVENTS 
From a pop-up Oyster Shucking Bar to collaborations with likeminded brands, The Shack is regularly invited to be part of events. This is something that suits the business well, with a real stand out, rustic yet quirky, colourful feel of the brand and longstanding Devon seafood heritage. In 2015 and 2016 the Oyster Shack hosted a full scale pop-up restaurant at the acclaimed Port Eliot Festival in St Germans. In 2016, this took £50,000 in sales revenue over 3 days. This is a snapshot of the events opportunity posed by the business. Further business possibilities to explore include; remaining open in January, breakfast/brunch service in peak season, an outdoor grill providing a take away bar, use of the outdoor area during winter months for a winter heated themed terrace and increasing the number of on-site events such as weddings/private parties. There is further opportunity to increase on the number of cooking masterclasses offered which are proving very popular this...

TENURE - LEASEHOLD 
The premises are available by way of a new fully repairing and insuring lease at a rent of £39,500 + VAT per annum with further terms to be negotiated. The owner will also consider a Freehold sale. To discuss further or to arrange a viewing please contact Genevieve Stringer on 01803 212021, Genevieve@bettesworths.co.uk.

SERVICES 
Mains electricity (3 phase) and mains water supply. LPG and private sewerage.

INVENTORY 
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

EPC RATING D 

More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Ivybridge (6.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest station

  • Ivybridge (6.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bettesworths, Torquay

29 - 30 Fleet Street, Torquay, TQ1 1BB

01803 367002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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