Retail Property (high street) for sale

Kingsbridge, Devon

£65,000

Property Description

Commercial information

  • Business for sale

Key features

  • Lucrative town centre trading position
  • Close quay, national retailers, banks, offices
  • Unique & deceptive 2 storey character premises
  • Established business, Huge Potential
  • Sales approx 22,000 from minimal hours
  • Everett Masson & Furby reference number: SBZ32702N

Full description

Tenure: Freehold

Description: An excellent opportunity to acquire an easily manageable sandwich bar/food to go outlet coupled with rarely available Freehold premises albeit a leasehold option is available. Set within a most desirable waterside town, previously operated on a lifestyle basis serving easy menu and trading easy hours amounting to only 30 hours each week, these hours were subsequently reduced and the business closed 1/8/18 due to serious Ill Health, new owners have the option of continuing to operate the business on the previous basis or may wish to develop trade through the introduction of additional menu lines and increased opening hours. Contained within character town centre lock-up premises, quite deceptive, extending over 2 floors, benefiting from large roof window ensuring they are very light providing a comfortable working environment, customer reception area with a small amount of seating, well equipped open plan servery/kitchen, separate preparation room, cloakroom and useful first floor storage room offering further options whilst outside the entrance forecourt area provides some additional customer seating. Despite the desirable location the business benefits from not being reliant on summer holiday/visitor trade and enjoys regular all year round trade from other surrounding businesses.

Location: Enjoying a lucrative town centre trading position, fronting one of the main thoroughfares passing through the town to the nearby quay with its tourist information office, car park and attractive seating areas. Whilst the actual premises are set back they benefit from eye catching signage and with free restricted stay car parking close by proving easily accessible for both pedestrians and motorists. At the time of our inspection other businesses close by comprised an Insurance broker, hair salon, laundrette/dry cleaners, the Post Office/Royal Mail sorting office, and Barclays Bank together with the entrance to the Anchor Shopping Centre whilst just around the corner could be found a number of national retailers to include Boots and Peacocks, the bus station and bustling Fore Street.

Area: Kingsbridge, an ancient market town and previously busy port, is considered the heart of South Devon, situated in an area of outstanding natural beauty, host to a good size resident community in addition to attracting a substantial number of visitors during the summer months taking boat trips from the quay down the spectacular estuary. Close by are numerous beaches, the sea, attractions and affluent villages. The cities of Plymouth and Exeter lie approximately 20 miles and 34 miles away respectively with the popular sailing destinations of Salcombe and Dartmouth being only a short drive.

Premises:Part glazed uPVC framed customer entrance door opening to RECEPTION AREA, non-slip flooring, wall mounted blackboard menu, ceiling spot lighting, contains table with matching chairs providing customer seating, confectionery/crisp display stand, counter top glazed front drinks chiller. Refrigerated glazed display SERVE OVER COUNTER incorporating chiller compartment, open plan KITCHEN AREA behind fitted with base storage units, work counters, stainless steel sink/draining unit, hot water heater, paper towel dispenser, easy wipe wall cladding, wall storage shelving and large Velux roof window. Contains a host of equipment to include coffee bean grinder, coffee machine, additional filter coffee machine, griddle with extractor above, glazed heated display cabinet, microwave oven, sandwich toaster, toaster, under counter fridge, dishwasher and electronic till. Through to rear PREPARATION ROOM, also fitted with counter and wall storage shelving, contains further equipment to include 2 combination microwave ovens, upright fridge/freezer, under counter fridge, under counter freezer. CLOAKROOM leading off fitted with hand washbasin with hot water heater over, separate toilet. From the reception area enclosed stairway provides access to the FIRST FLOOR, currently used as STORE with wall shelving, suit numerous uses such as an office, currently contains, tables, counter top glazed front drinks chiller and under counter freezer.

(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)

Outside: To the front of the property, entrance WALKWAY/FORECOURT with sufficient space for tables and chairs.

Business: We understand the business has been in existence since 1999, with only 2 owners in the last 12 years, only offered for sale due to Ill Health. Trading as a traditional sandwich/coffee bar/food to go outlet serving an easily prepared menu to take away comprising hot and cold baps, rolls, sandwiches, baguettes, toasties, salad boxes, jacket potatoes, hot and cold soft drinks plus a small amount of confectionery. Should new owners wish to develop the business then ample scope exists to increase the number of menu lines on offer to include items such as sausage rolls, pasty's, Panini's, smoothies, shakes, cakes and pastries. The business commands an excellent reputation and enjoys a sound following from those working in nearby businesses and the surrounding area providing regular repeat trade.

Trading Hours: The business previously traded easy hours to suit the lifestyle of the owner, opening Monday to Saturday 9.00am through to 2.00pm. Of late these opening hours were reduced even further. Once again scope exists to develop the business through longer opening hours, either earlier in the morning to take advantage of trade from workmen and those working at nearby Royal Mail or later into the afternoon where trade would be received from school children.

Staff: Operated by vendor, there were no staff employed.

Takings: Accounting information provided in respect of the financial year ended 5th April 2016 confirmed Sales of £36,463. In respect of 2017 we have been advised sales were in the region of £22,000 due to reduced opening hours and having to close through Ill Health.

Comments: The sale of Bap 'n' Roll provides a rare opportunity to acquire character town centre premises coupled with long established well known business offering a great deal of further potential through longer opening hours, increased menu lines, deliveries and even the possibility of outside catering in the form of buffet lunches.

Tenure: The vendor owns the Freehold, both Freehold and Leasehold options are available.

Rates: Currently 'Nil' after 100% business rate relief.

Price: £65,000 for the Freehold, Goodwill, Fixtures, Fittings & Equipment and stock OR £10,000 for the new lease, Goodwill, Fixtures, Fittings & Equipment and stock with a commencing rent of £2,400pa. Lease to be a full repairing lease, purchaser to be responsible for landlords legal costs.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Ivybridge (9.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F Group, Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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.

Map & Street View

Nearest station

  • Ivybridge (9.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F Group, Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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.

Disclaimer - Property reference SBZ32702N. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by EM&F Group, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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