Restaurant for sale

Waterloo Road, Shepton Mallet, Somerset, BA4


Property Description

Commercial information

  • Business for sale

Key features

  • Well Regarded Licensed Restaurant
  • Bar Area (12), Dining Rooms (45)
  • Flexible 4/5 Bed Private Accommodation
  • Private Walled Patio Garden Area
  • First Time on Market for Over 30 Years

Full description

Tenure: Freehold

THE PROPERTY Blostin's Restaurant is an extremely well regarded quality licensed restaurant and bistro with a reputation as one of Somerset's best restaurants. With an impressive and flexible 4/5 bedroom owners apartment, the property would be suitable for two families and the business and property is presented to an exceptionally high standard throughout, having benefited from considerable investment and expenditure by our clients during their 33 years of ownership. This is a unique opportunity to purchase a profitable and highly desirable catering business with spacious family sized accommodation. Formerly four cottages, the property has been re-roofed and re-wired and offers potential for incoming operators to build on the successful reputation of the existing business or to develop their own style of trade to suit their own personal requirements and take advantage of the well equipped restaurant premises. The property briefly comprises:Bar Area (12); two interconnecting Dining Rooms comfortably seating 45 customers; fully equipped Commercial Catering Kitchen with ancillary and welfare facilities; extremely well presented and spacious family sized Owners Accommodation with Lounge and open plan Dining Room on the ground floor, 4/5 Bedrooms, 2 Bathrooms and a further Sitting Room, all on the first floor. Externally, there is an attractive walled Patio Garden Area to the rear with a useful outbuilding.

SITUATION Blostin's Restaurant is situated close to the centre of the historic town of Shepton Mallet. Shepton Mallet is a market town located 18 miles south of Bristol, nestling in the Mendips. It is the closest town to the Glastonbury Festival site and the Bath & West Showground, which hosts many large events throughout the year. The town is often referred to as the "Gateway to the Mendips" which is a popular tourist destination in its own right. Nearby are many visitor attractions, National Trust properties and places of interest including Kilver Court Gardens, Bishops Palace at Wells, Wookey Hole Caves and Cheddar Gorge. The cities of Wells, Bath and Bristol are all less than an hours drive from the property.

INTERNAL DETAILS Main customer entrance door to the front leading into Bar Area an attractive and welcoming room presented to a high standard in comfortable surroundings with carpeted flooring, wall mounted menu boards, attractive feature gas "Living Flame" stove fireplace with brick surround, range of low stools, pew style seating, low tables and window seating for around 12 customers. Feature Bar Servery Area with 2 glass fronted bottle fridges, display shelving and optics. Main Dining Room leading directly from the bar area, again an attractive room presented to a high standard with carpeted flooring, ceiling fan, feature wine racking, range of free standing bistro style tables and upholstered chairs comfortably seating 30 customers. Small Dining Room a continuation in style, theme and ambience and can also be used for private parties or private dining with carpeted flooring, ceiling fan, with free standing wooden bistro style tables, upholstered wooden chairs and fixed settle seating comfortably for 15 customers. Commercial Kitchen with fully tiled walls and fitted with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over, 6-burner gas range, warming cabinet, range of stainless steel workbenches with shelving below, deep fat fryer, 2 electric halogen hotplates, stainless steel hand basin, deep bowl stainless steel sink unit, worksurfaces, 3 under counter fridges, convection oven, 2 commercial microwave ovens and wall shelving. Preparation Area with Altro flooring, fully tiled walls, stainless steel sink unit, worksurfaces, 2 under counter fridges, under counter freezer, upright fridge, storage shelving and stainless steel racked shelving. Wash Up Area with tiled flooring and walls, commercial glasswasher, commercial dishwasher, ice machine, washing machine, deep bowl stainless steel sink unit, worksurfaces, wall shelving and 2 doors to outside rear. Ladies & Gents WCs on the first floor.

PRIVATE ACCOMMODATION Situated on the first floor is the extremely well presented and spacious family sized owners accommodation which can be completely selfcontained if so desired with private entrance door to front leading into open plan lounge and dining room. Lounge Area with tiled flooring, aspect to front, feature "Living Flame" gas effect stove, stairs to first floor, open plan through into Dining Area with tiled flooring and French doors leading to rear patio area. First Floor Second Lounge Area with aspect to the front. Bedroom 1 a good sized master bedroom with aspect to the front. Bedroom 2 a good sized double bedroom with aspect to the front. Bedroom 3 a good sized single bedroom with aspect to the rear. Family Bathroom with white bathroom suite and separate shower cubicle. Bedroom 4 a good sized double bedroom with aspect to the front. Office/Bedroom 5 currently used as an office but with potential for a single bedroom with aspect to the front. Second Family Bathroom with modern white suite.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS To the rear of the property is an attractive Enclosed Walled Patio Terrace Area with pedestrian access to the side which is currently used as a private garden area although it offers potential to create an al fresco
dining/seating area for customers if so desired. Bottle & Freezer Store with 4 upright fridges, upright freezer, chest freezer, tumble dryer, wine racking and shelved storage. Directly to the front of the restaurant is unrestricted roadside parking.

THE BUSINESS Blostin's Restaurant trades as a quality 45 cover licensed restaurant which is offered for sale for the first time in 33 years of continuous ownership. This well regarded business boasts an excellent reputation and currently offers a menu which reflects the best quality seasonal local produce that the area has to offer. Our clients source all of the produce locally with all the food freshly cooked to order with dining in a comfortable and relaxed atmosphere. This attention to detail has ensured that the business enjoys excellent levels of repeat trade and there is an excellent local following, not only from Shepton Mallet, but also the surrounding towns and villages together with a seasonal boost from tourists during the summer months. With retirement pending, our clients have in recent years chosen to deliberately restrict the opening hours in order to operate the business on a lifestyle basis in order to give them time off and holidays. The high quality and standards inherent throughout all aspects of this business have resulted in the business being rewarded a Certificate of Excellence for TripAdvisor, rated No 1 in Shepton Mallet and one of the top restaurants in Somerset. The business has its own website which provides a further overview of the business, including menus. The business also benefits from a 5 Star Food Hygiene rating. Our clients have owned and run the business for 33 years, during which time they have continually invested and maintained the property to a high standard and consequently the business and property are presented in excellent order throughout. A viewing appointment is essential in order to fully appreciate the high standards inherent throughout all aspects of this business.

TRADING INFORMATION Accounts for the year ending 31 March 2017 show sales of 104,533 net of VAT and an adjusted net profit in excess of 40,000 being achieved from operating on the deliberately restricted hours. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS Our clients have deliberately chosen to restrict the opening hours of the business to just 4 evenings a week, and the business trades from 7:00pm until close Wednesday to Saturday and is closed all day on Sunday, Monday and Tuesday. The business also closes for between 3 and 4 weeks throughout the year for our clients to take holidays.

CURRENT STAFFING The business is run by our clients, a husband and wife partnership, with the assistance of 2 part-time and up to 6 casual members of staff, dependent upon levels of trade.

POTENTIAL The sale of Blostin's Restaurant provides an excellent opportunity to purchase a thriving, profitable and extremely well regarded licensed restaurant business with impressive and spacious family sized owners accommodation. Our clients believe that there is tremendous potential to increase the current trade levels still further, particularly by increasing the opening hours. Trade levels could also be further maximised for instance, tables are not turned during the evening sittings. There is also the potential for incoming operators to develop their own style of cuisine and trade in a manner to suit their own personal requirements. The spacious and flexible owners accommodation also presents opportunities for two families or two generations of the same family to live independently within the property. The sale of Blostin's Restaurant represents a rare opportunity to purchase a quality restaurant business with spacious and flexible owners accommodation, the like of which rarely comes with a business of this nature. Coupled with this, is the considerable time and money that has been spent
throughout the property giving new owners the ability to move in and start trading without the need for any major expenditure. The business also boasts impressive levels of forward bookings and our clients are prepared to offer a full handover and assistance to interested parties, should they so require it.

EPC D = 82.

RATING For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website SERVICES All mains services are connected to the subject property.

PRICE & TENURE 390,000 for the valuable freehold/leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

VIEWINGS Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392) You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.

More information from this agent

Nearest station

  • Castle Cary (6.7 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest station

  • Castle Cary (6.7 mi)
Distances are straight line measurements from centre of postcode

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