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Cafe for sale

Ballantynes Delicatessen Butchers Row, Barnstaple, EX31

Offers in Region of £59,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops and A3 Restaurants and Cafes

Key features

  • Multi faceted business
  • 5 Star Food Standard Rating
  • Popular tourist destination
  • Ideal husband & wife / partnership venture
  • Triple fronted shop unit close to High Street
  • Sold with new fit-out & inventory

Full description

Tenure: Leasehold

THE SITUATION
Ballantynes is located towards the top of the busy retail thoroughfare known as Butchers Row, adjacent to the historic Pannier Market and close to the town's High Street.

THE PROPERTY AND CONSTRUCTION
Constructed around 1855, the Grade II Listed Butchers Row is a popular visitor destination and comprises a parade of food related lock-up retail shops including butchers, fishmongers and greengrocers. The property comprises 6 single shop units providing a triple fronted single unit of 58’ x 15’ (4.6m x 17.9m) with kitchen, deli and restaurant.

THE LEASE
Being an assignment of the existing 7 year leases (dated September 2014 and October 2015) from North Devon Council, at a current rent of £16,575 per annum exclusive.

THE BUSINESS
The premises are primarily staff run from a pool of 4 members of staff (1 full time and 3 part time) with the owner overseeing the operation. It is thought a husband and wife / partnership could reduce these staffing levels which currently meet our client's own personal needs. During the summer months, the business is operated 9.00 am - 4.00 pm Monday - Saturday with hours during the winter being until 3.00 pm. Our client completely refurbished and re-equipped the premises around 1 year ago, having built up an established current clientele. Accounts to 30th April 2015 show turnover of £167,313, providing an abridged net profit of near £50,000, subject to staff wages.

AGENTS NOTE
The owner is prepared to offer training as a handover period.

MAIN LINES
The premises are traded as a traditional cafe/delicatessen with emphasis on local produce. The menu is of a traditional nature offering a range of home produced pasties, sausage rolls etc along with ploughmans, salads and sandwiches. There is also a traditional breakfast menu. The deli offers cooked meats, salamis, olives, local cheese, pastries, chutneys, jams and clotted cream. As well as home-made fayre, there is a wide range of cooking ingredients, pastas, olive oils, spices, etc. Christmas is a very popular time of year with hampers, gifts and continental produce.
It is felt there is potential to expand the business with outside catering, takeaway and sandwich trade. The current opening hours are short and there is substantial early morning trade available from the market traders if the café were to be opened earlier in the morning.


THE ACCOMMODATION

DELI
Range of low level storage units and work top, non slip flooring, 2 chillers, assorted shelving displays, 2 chilled serve-overs, meat slicer, ground coffee machine, till, ice cream freezer, industrial style lighting.

KITCHEN / PREPARATION AREA
Non slip flooring, stainless steel extraction system, double stainless steel sink unit and hand basin, stainless steel work stations and splash-backs, 2 Blueseal turbofan ovens, fryer, Halcyon dishwasher, stainless steel freezer and fridge, under counter chiller.

RESTAURANT
Table and chair seating for around 34 covers, wood effect laminate flooring, display shelves, spotlighting.

CUSTOMER TOILET
Close couple WC and wall mounted basin.

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