2 bedroom takeaway for saleBraunton, Devon
- Business for sale
- Desirable village close stunning beaches
- Spacious comprehensively equipped premises
- Takeaway area plus 44 cover dining area and attractive alfresco dining area
- Self-contained 2 bed flat, very favourable rent
- Sales £260,628 ex Vat, closing 8.30pm
- Everett Masson & Furby reference number: CF034017N
Description: A superior Fish & Chip Takeaway, also offering other popular menu lines of a quality nature to include a variety of fish and meat items along with pizza and various sides/accompaniments with the option to also eat in. Operating from particularly spacious and very well equipped premises, the subject of continued investment and improvement over the years. Providing contemporary takeaway area with pizza station, frying area complete with Kiremko 4 pan island range, stylish dining area offering 44 covers in addition to attractive enclosed courtyard garden providing a further 14 'alfresco' covers albeit with scope for more. Ancillary facilities comprise preparation/wash-up room, potato preparation/storage room, dry store and general store together with separate ladies and gentlemen's cloakroom facilities. Above the premises can be found a self-contained 2 bedroom flat, suitable for owners or can be rented out to provide additional income with rent of £680 per month achievable offsetting the overall rent payable considerably whereby the net amount payable for the business premises would amount to just over £100 per week. The business benefits from regular all year round trade from the surrounding residential community and further afield in addition to receiving a summer seasonal boost from the many visitors/holidaymakers to the area.
Location: Enjoying a 'Village' centre trading position, lying just off the main vehicle thoroughfare passing through the village, the A361, a major tourist route, providing access to the spectacular beaches associated with Saunton Sands (2 miles), Croyde (5 miles) and Woolacombe (7 miles), popular with surfers, host to numeorus camp sites and holiday parks. Just around the corner could be found the the main shopper's car park ensuring easy access, the area is host to numerous other popular businesses which at the time of our inspection included a barbers, travel agent, butchers, convenience store and public house. Popular residential areas can be found close by along with the local park/playing fields which are also host to events. Braunton is one of the most prosperous villages in the country, bordering North Devon's Area of Outstanding Natural Beauty and the famous Braunton Burrows, the largest Sand Dune System in England. The North Devon capital, Barnstaple, lies approximately 5 miles away and can quickly be reached, either by car or use of the nearby Tarka Trail cycle way which proves very popular, all of which assists with the popularity of the area, attracting visitors all year round.
Premises: Substantial eye catching glazed frontage with signage above, entrance doors to either end, one for staff and one for customers opening to CUSTOMER RECEPTION/TAKEAWAY AREA, vinyl flooring, mirrors to the walls, benefiting from central heating and CCTV, inset ceiling lighting, contains seating and glazed front upright drinks chiller. Substantial contemporary curved SERVE OVER COUNTER with touch screen electronic till, incorporates PIZZA STATION comprising refrigerated double door chiller unit compete with refrigerated 'toppings' bar and twin deck pizza oven. Behind is the FRYING AREA, dominated by Kiremko 4 pan island range incorporating 3 pot Baine Marie, benefits from Butling filtration machine, other equipment comprising stainless steel fish keep, twin basket fryer, stainless steel upright freezer, upright fridge, upright warming cabinet, double door warming cabinet and double under counter ice cream freezer. Leading off the reception/takeaway area to the rear is the RESTAURANT/DINING AREA, side and rear aspects, vinyl flooring, wall lights and inset ceiling spot lights, freestanding tables and chairs providing approximately 44 covers, back door opens to enclosed garden. Leading off are separate ladies and gentlemen's CLOAKROOM facilities. Custom fitted side WAITRESS STATION, incorporates storage, 2 glazed front under counter bottle chillers and illuminated wall storage shelving above, houses coffee machine, smoothie blender, milk fridge and touch screen electronic till with order feed to frying area. Through to PREPARATION/WASH-UP ROOM, easy wipe cladding to the walls, suspended ceiling with inset lighting, fitted with commercial stainless steel sink/draining unit, hand washbasin and dishwasher, contains stainless steel work tables, convection oven, 2 commercial microwave ovens, twin roller grill and large upright fridge, back door opens to the rear of the property.
(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)
Accommodation: Not available for inspection at our time of visit, totally self-contained, situated above the business premises, currently rented out at the rate of £680 per calendar month, benefiting from uPVC framed double glazing and gas fired central heating. Private rear entrance opening to stairs rising to the FIRST FLOOR where the accommodation is situated comprising KITCHEN, a SITTING ROOM, 2 double BEDROOMS and a BATHROOM.
Outside: To the rear of the property and leading off the dining area, enclosed COURTYARD GARDEN, laid to gravel, raised shrub borders, picnic style tables and seating providing ALFRESCO DINING FACILITIES, covers for 14 but with scope for more. A former barn provides ample general STORAGE space, a further building provides a FREEZER STORE, contains 5 chest freezers. To the rear of the preparation/wash-up room, but also accessed from side gate, additional enclosed COURTYARD, provides BIN STORE and where the POTATO ROOM is located, tiled floor, fitted with stainless steel sink/draining unit, contains rumbler, chipper and stainless steel work tables, provides potato pallet storage whilst a further building provides a dry goods STORAGE room.
Business: We understand the business has been in existence some 40 years, well known throughout the area, acquired by the vendors in 2011, offered for sale through family commitments. Operating as a Fish & Chip takeaway, whilst serving a traditional menu other quality menu lines are available to include a range of fish dishes, chicken portions, burgers, pies and pizza coupled with various sides/accompaniments. Customers can either takeaway or eat in, currently approximately 80% of trade is takeaway, those who eat in can take advantage of the range of beverages on offer to include alcoholic beverages (alcohol licence held), hot and cold soft drinks. Year round trade is enjoyed with a boost received during the summer months from visitors/holidaymakers to the area, some bulk orders are received from campsites and benefits are anticipated from the construction of nearby new housing developments. An excellent website is maintained - www.south16.co.uk, opportunities exist to introduce deliveries for which good demand would be anticipated.
Trading Hours: The business typically trades Monday to Saturday lunchtimes 11.30am - 2.00pm and evenings 5.00pm - 8.30pm with the exception of a Friday and Saturday when it closes at the slightly later time of 9.00pm. During the busy summer holidays, for an 8 week period, the business also trades on a Sunday evening.
Staff: The business is predominantly operated by staff on a day to day basis, a full time manager and full time fryer employed assisted by a pool of part time staff. The vendor covers the manger on a part time basis, new owners can choose to continue operating the business on a staff run basis or alternatively may wish to become involved with the day to day running of it, and should it be operated by a couple then the wage bill could be reduced considerably.
Takings:Comprehensive accounting information is available to prospective purchasers confirming a growing business with Sales continuing to increase. In respect of the financial year ended 31st May 2017 Sales amounted to £260,628 ex vat returning a Gross Profit of £148,158 equating to 57%. The relatively low day to day overheads associated with running the business, in particular those associated with the premises, especially if the accommodation continues to be rented out, ensures the business remains profitable and if operated by a couple significant levels of profitability could be enjoyed.
Comments: The sale of South 16 provides an opportunity to acquire spacious trading premises together with accommodation, benefiting from a comprehensive equipment inventory and favourable overheads, considered suitable for a wide variety of cuisine. Coupled with this is a popular business which has continued to grow over the years but at the same time still offers opportunities for new owners through increased menu lines, promotion of the dining area and the possible introduction of deliveries.
Tenure: Held on the residue of a 14 year renewable Lease which commenced in 2011, current rent £14,700 per annum to include the accommodation, subject to 3 yearly rent reviews. As previously mentioned, through the renting out of the accommodation this rent is offset to the tune of £8,160 making the net rent payable for the business premises only £6,540 equating to just over £125 per week.
Rates: Currently 'Nil' after 100% rate relief.
Price: £199,995 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.
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