Cafe for sale

Fore Street, Totnes, Devon, TQ9

Leasehold £75,000

Property Description

Commercial information

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

Key features

  • Exceptionally Well Presented Licensed Cafe & Restaurant
  • Prime Town Centre Trading Position
  • Attractive Character Premises
  • Completely Refurbished and Purposefully Equipped
  • Commercial Catering Kitchen

Full description

Tenure: Leasehold

THE PROPERTY The premises underwent a complete refurbishment to an exceptionally high standard throught approximately 7 years ago and 3 Fore Street is now a thriving and well regarded licensed Cafe which has benefited from considerable investment and expenditure by our clients. The premises are within a Grade II listed character former Merchant's House, which has been impressively extended in recent years to create an Atrium Cafe/Restaurant area and Kitchen with First Floor Offices. The premises are purposely fitted and equipped, to a superior standard, as a Licensed Cafe and Restaurant with a Retail frontage. There is an opportunity for incoming operators to purchase a fully equipped and popular business with undoubted potential to develop their own style of trade to suit their own personal requirements and take advantage of the prominent and prime town centre trading position. The property briefly comprises:- Attractive Shop/Servery Area (12); Atrium Customer Seating Area/Restaurant with further Servery Area (42+); Enclosed Courtyard Garden Area (8); Fully Equipped Commercial Catering Kitchen with ancillary facilities and First Floor Office and Store Room. To the rear of the property is a Private Parking Area with space for 4 vehicles. Please note that the Saveurs name will be retained by our clients as this is used in association with our client's other business interests.

SITUATION The property is situated in a prime trading postion at the lower end of Fore Street, the main shopping street, and a busy area within the centre of the highly sought after and historic South Devon market town of Totnes. The bustling Medieval market town of Totnes lies on the River Dart and is the Commercial Centre for the South Hams, boasting a thriving market as well as a good selection of independent retailers. The town is one of Devon's gems, full of colour and character that stems from the rich cultural, historic and archaeological heritage. This part of Devon is renowned for its outstanding natural beauty with Dartmoor National Park 10 miles to the North and the stunning beaches and coastlines 10 miles to the South. Totnes has a mainline railway station giving direct connection to London Paddington. There is also excellent access to the A38 Devon Expressway, linking Plymouth and Exeter, where it joins the M5 Motorway.

INTERNAL DETAILS Glazed display shop frontage with recessed entrance and glazed entrance door leading into Shop/Servery Area with original feature fireplace (disused), freestanding tables and chairs comfortably seating 12 customers with ample standing area, Customer Servery Area with two 2 metre glass fronted serve-over deli display counters with refridgeration, rear display area with open shelving, work surfaces, electronic scales, wall mounted menu boards, double glass fronted bottle fridge, stainless steel sink unit, EPOS touch screen cash register, ice machine, Iberital coffee machine and coffee grinder. Leading through from the front into Rear Cafe and Restaurant Seating Area, particularly attractive area with carpeting flooring, original feature sash window and an impressive Atrium roof light. Range of freestanding tables and chairs comfortably seating 42 customers (with space for more), cake display area with open shelving below and wall mounted menu boards. Substantial Customer Servery and Preparation Kitchen Area being open plan with granite servery counter, non-slip flooring, extensive granite work surfaces, saladette, 2 undercounter fridges, undercounter freezer, stainless steel work surface, double induction hob, 3 door commercial counter fridge unit, contact grill, microwave oven, Rational combi oven, open shelving and heated serving gantry. Customer WC. Commercial Catering Kitchen with Altro flooring and wipe clean clad walls, being fitted with a comprehensive range of commercial catering equipment to include extractor system with stainless steel canopy over, 6 burner electric range, stainless steel work benches with shelving below, deep bowl stainless steel sink unit, chest freezer, racked shelving, stainless steel hand basin, upright fridge, microwave oven, twin deep bowl stainless steel sink unit, commercial dishwasher and door to the rear.

FIRST FLOOR A shared access door to the rear leads to a private Store Room Area/Office and a further Office and a Staff WC.

Agents Note: The Office and Store Room are completely self contained and could be sublet, subject to Landlords consent, to provide a valuable rental income, if so required.

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 The property occupies a visible and prominent trading position within the main street. There is an Inner Courtyard Area which provides al fresco seating for 8 customers. To the rear of the property is Private Car Parking with space for 4 vehicles which is accessed by Mill Lane at the rear.

THE BUSINESS Currently the business trades as a busy French Bakery, Patisserie, Chocolaterie and licensed Cafe, located in a popular and sought after Devon riverside town. The premises boast a prominent trading position and the business currently serves a popular day time only menu to eat in or take away, with bakery products and patisserie also available to buy and takeway. The business trades on delibertately restricted opening hours and there is a wealth of potential to extend the opening hours to include evening openings and develop a Bistro style menu, for which demand exists. The premises benefits from a license to serve alcohol and is extremely well positioned at the bottom end of Fore Street, the main shopping street, in order to take advantage of the year round trade which is predominant throughout the town with a popular local following and a seasonal boost from tourists visiting the area, year round, but particularly during the busy holiday months. The business has been fitted out to an exceptionally high standard throughout and consequently offers a most superior trading
environment within an extremely well presented character property, which has been the subject of complete refurbishment and an impressive extension to create a purpose equipped and fitted catering business opportunity. The business is being sold without the name Saveurs as this will be retained by our clients as it is used with their associated businesses.

TRADING INFORMATION We are advised that turn over for year ending 31st December 2017 was in the order of 274,000 net of VAT. Further detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS The business currently trades from 9am until 5pm, seven days a week, with no evening trade currently undertaken.

POTENTIAL There is tremendous potential to develop all aspects of the business still further and particularly for incoming operators to develop their own trading style and to trade in a manner to suit their own personal requirements. There are also undoubted opportunities to increase the opening hours to include evening opening, if so desired. New owners will benefit from being able to move in without the need for any major expenditure on the premises and the business will undoubtedly thrive in the hands of owner operators, especially those with experience and/or a background in the catering industry. The sale of this property represents the rare opportunity to acquire a licensed Cafe and Restaurant premises in a sought after South Hams town and an early appointment to view is highly recommended in order to fully appreciate all that this impressive opportunity has to offer.

EPC Listed Building and therefore exempt.

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 main services with the exception of gas, are connected to the subject property.

PRICE & TENURE 75,000 for the valuable leasehold interest and full trade inventory. Vacant possession upon completion. Please note that the Saveurs name will be retained by our Clients as this is used in association with their other businesses.

We are advised that the premises are held on a fully renewable 6 year private lease, which commenced in June 2016. The current rent is 28,500 per annum and the next rent review is on the 31st May 2020. Full details are available upon request.

VIEWINGS Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262. 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.

More information from this agent

Nearest station

  • Totnes (0.6 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest station

  • Totnes (0.6 mi)
Distances are straight line measurements from centre of postcode

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