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Restaurant for sale

Totnes

Removed £45,000

Property Description

Key features

  • Stylish and Well Equipped Café/Restaurant/Bar
  • Ground and First Floor Trading Areas Seating 32 +
  • Well Equipped Commercial Kitchen with Food Hygiene Rating 5
  • Licensed Premises Suitable for a Number of Catering Uses
  • Viewing Recommended - Priced to Sell

Full description

The historic town of Totnes, South Devon is situated on the banks of the River Dart and benefits from being a very busy tourist centre with many interesting shops and visitor attractions. Many of the buildings date from the 16th and 17th Centuries. Today, the town is a thriving centre for music, art, theatre and natural health. Totnes is approximately 6 miles inland from the coast and easily accessible from the A38 Exeter to Plymouth Expressway. Tuesdays are particularly busy in Totnes during the summer for Elizabethan Day and Market Days are on Fridays and Saturdays. The remains of a Norman Fort dominate this particular area of town and bring visitors in droves to the historic site and surrounding businesses.

Pie Street is a licensed café, restaurant and bar located approximately three quarters of the way up the high street, just past the landmark Town Arch and Clock Tower. The restaurant has become a popular eatery with both locals and tourists alike with extremely high ratings on TripAdvisor. The menu consists of a range of homemade pies which are prepared daily on the premises using local sourced quality products, served with creamy mash potato or hand cut chips and a selection of seasonal greens or salad, the customer also had the option to takeaway. There is a selection of hot and cold beverages available alongside a range of draught and bottled beers, ciders, and wines.


Recessed entrance  
With terrazzo flooring, accommodating 2 tables and chairs for 4. Leading into

GROUND FLOOR DINING AREA 
Inset coco fibre matting. Original wood flooring and panelled walls, selection of wall mounted menu boards and seating for 32 at bistro style wooden tables and chairs.

BAR SERVERY 
Bespoke bar area fitted with wooden counter, brass pillars and supporting glass shelving. Fitted back bar display, providing shelving for wines, spirits and glasses with under counter storage units. Tefcold under counter fridge, under counter python system and counter top Polar ice machine. Electronic EPOS till, La Spaziale commercial coffee machine (leased), coffee grinder, glass washer, stainless steel sink, double under-counter bottle fridge and upright wine chiller. Butcher's block style side table.wine chiller. Butcher's block style side table.

TWO CLOAKROOMS 
Gentlemen's & Ladies/Disabled with WC's, wash hand basins and electric hand dryers.

FIRST FLOOR DINING AREA 
Central wooden staircase leading up to the charming circular mezzanine with large skylight allowing ample natural light into the property. This area has a selection of tables and chairs and large leather sofas.

COMMERCIAL KITCHEN 
With commercial non-slip flooring. Heated gantry with hot plate cupboard, Indesit under counter fridge, Buffalo double deep fat fryer, Falcon gas grill and 6 ring gas hob with oven under. Bartlett Harmony Combi oven, commercial extraction system and stainless steel splash back. Stainless steel wash hand basin, commercial microwave, stainless steel sink and drainer, Polar under counter fridge and Buffalo heated display cabinet. Assorted stainless steel prep tables and wall mounted shelving.

CUPBOARD 
With hot water tank and bin storage.

REAR PREPARATION AND FRIDGE FREEZER ROOM 
Double stainless steel sink unit with drainer. Lotus commercial dishwasher (leased), wash hand basin, microwave and selection of stainless steel prep tables. Polar large upright freezer and 3 large upright fridges. Window with rear aspect.

GENERAL INFORMATION 

RATEABLE VALUE 
2017 List: £20,750. This is not rates payable. For information, we advise you to contact the Local Authority, South Hams Council.

BUSINESS 
The restaurant is operated by two ?hands on' proprietors with the assistance of a sous chef. The opening hours are Monday & Tuesday 12.30pm till last orders 6pm Wednesday & Thursday 11.30am till last orders 8pm Friday & Saturday 11.30am till last orders 9pm. The premises licence allows for the sale of alcohol till 11pm. Although Pie Street has only been trading for a relatively short time, the client base is steadily growing and the turnover increasing in line with this. Accounting information will be made available to Bona Fide applicants following a formal viewing. The business is only coming to the market due to a change in personal circumstances therefore providing the next proprietor with a sound basis on which to build the business further. The current proprietors will be happy to offer on-site training should this be required.

TENURE 
The premises are held on a 10 year lease from March 2015 with 3 yearly rent reviews and tenant only break clause at year 3. The current rent is £19,500 per annum with a contribution of 50% to the buildings insurance and external repairs

SERVICES 
We have been informed the premises are connected to all mains services

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

STOCK  
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

EPC RATING D 

More information from this agent

Energy Performance Certificates (EPCs)

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