5 bedroom takeaway for sale

Torrington, Devon

£449,500

Property Description

Commercial information

  • Business for sale

Key features

  • Eye catching town centre trading position
  • Huge property, occupies, unique substantial site
  • Large business premises, 3 bed maisonette, 2 bed flat
  • Optional land/gardens/outbuilding & barn with PP
  • Sales 242,347 ex Vat, Gross Profit 136,747
  • Everett Masson & Furby reference number: CF33846N

Full description

Tenure: Freehold

Description: A landmark Fish & Chip shop, in the same family hands 60 years, serving a traditional menu to takeaway, or alternatively customers can take advantage of the seating facilities. Contained within a substantial character property, the subject of recent considerable investment, immaculately presented, the viewing of which is strongly recommended. Comprising takeaway area with new 4 pan range and 16 cover seating area, kitchen/preparation room, main store room, potato store, additional store and packaging store. Above the business premises to the front is a spacious self-contained 3 bedroom maisonette complete with kitchen/diner, sitting room, separate dining room and a bathroom, ideal for owners or can be rented out to provide additional income. Additionally owners have the added benefit of a superb contemporary self-contained 2 bedroom flat situated above the business premises to the rear, this includes open plan kitchen/dining/living area, bathroom, office/utility area. Outside can be found a yard area albeit the overall site is particularly large and there is the added option to acquire additional land/gardens, outbuildings/garaging and a large barn which is ripe for development having previously held Planning Permission for the conversion to 2 dwellings. The business continues to thrive, of late Sales have continued to increase, assisted by the refurbishment, enjoying regular local trade with a boost from visitors to the town.

Location: Occupying a prime central town centre trading position, fronting a major thoroughfare leading from one side of the town to the other, at the time of our inspection next to the town Museum and popular Pannier Market, adjacent the Town Hall, surrounded by other popular businesses which at the time of our inspection included an Estate Agent, Electrical Store, DIY outlet, Spar Convenience Store, Co-op Grocery Store and Public House to name a few. The area is most attractive with its Clock Tower and planting, it benefits from free restricted stay on street car parking whilst a short walk away is the main car park with spectacular views over surrounding countryside. Torrington is a famous bustling North Devon market town, it enjoys a strategic elevated position overlooking the River Torridge and enjoys spectacular far reaching countryside views known as Tarka country with the area made famous by Henry Williamson and the tales of Tarka the Otter. The town continues to develop and expand through new housing developments providing local businesses with additional trade, the important North Devon regional capital of Barnstable lies 12 miles away and the City of Exeter with motorway network and international airport lies approximately 42 miles away, numerous attractions together with the spectacular North Devon coastline are only a short drive.

Premises: As already mentioned, the subject of considerable investment, presented to the very highest of standards with no major expenditure considered necessary. A character property with wooden framed 'floor to ceiling' glazed single frontage, part glazed double entrance doors open to RECETION AREA, feature stone floor tiles, half wood panelled walls, some exposed stone to the walls, inset spot lighting, fire and smoke detectors. A stainless steel rail with low glass panels divides the reception area from the raised SEATING AREA, quality oak flooring, pendent lighting, a mixture of low and high tables, fixed window counter, benches and high stools provide 16 covers. To the rear, full width stainless steel SERVERY COUNTER, houses under counter glazed front drinks chiller and 2 tills with adjacent coffee machine and Burco hot water boiler. Open plan FRYING AREA behind, complete with 4 pan Hopkins Island Range, new in 2017, menu board above, stainless steel preparation counter and wall storage shelving behind, contains stainless steel under counter Blizzard fridge, Williams fridge and Hopkins fish keep. Through to INNER LOBBY, tiled floor, under stairs storage used in connection with Filtration Machine, staff CLOAKROOM fitted with toilet and hand washbasin. The premises continue to the rear and KITCHEN/PREPARATION ROOM, side aspect, tiled floor, easy wipe cladding to the walls, enclosed fluorescent strip lighting, fitted with stainless steel work counters (some custom made), stainless steel commercial sink unit with double drainer and spray head, contains Bold mixer for batter, Bold rumbler (new in 2018), Bold chipper, 2 ring gas hob, scales and stainless steel fish storage drawers. Adjoining STORAGE ROOM, side aspect and entrance door, tiled floor, cleaning store cupboard, contains stainless steel double upright chiller, chest freezer and storage racking, POTATO STORE leading off providing pallet storage and benefiting from own entrance door, FREEZER STORE also leading off containing 4 chest freezers and further storage racking, provides access to raised PACKAGING STORE, side aspect, contains stainless steel work tables.

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

Accommodation: Totally self-contained, comprising a 3 bedroom maisonette and 2 bedroom flat, communal entrance to the side of the property, LOBBY with fire alarm panel and inter-connecting door with business premises if required, stairs to FIRST FLOOR where main separate entrance doors to the maisonette and flat are situated, the maisonette to the front of the property and the flat to the rear:

Maisonette: Entrance door opening to spacious 'L' shaped HALLWAY with under stairs storage and from which the first floor rooms lead off. KITCHEN/DINER, side aspect, vinyl flooring, fitted with work counters, modern base and wall storage units, wall mounted gas fired boiler and pendent lighting, contains oven, hob, extractor and fridge. LOUNGE with 3 windows providing front aspect, separate DINING ROOM also with front aspect. Spacious BATHROOM with rear aspect, part tiled walls, fitted with bath having shower over, hand washbasin and toilet. Stairs to SECOND FLOOR landing area, rear aspect, access to loft. BEDROOM 1, a double with front aspect, fitted with a bespoke range of bedroom furniture to include 6 door wardrobe with storage above, dressing table and drawer unit. BEDROOM 2, a double with front aspect, fitted wardrobe and vanity hand washbasin, BEDROOM 3, a single with rear aspect, contains 2 storage cupboards.

Flat: Thoughtfully and contemporary designed, presented to a high standard, entrance door to open plan KITCHEN/DINING/LIVING AREA, side aspect, feature wooden floor boards, inset spot lighting and part vaulted ceiling with Velux window. Fitted with modern high gloss base and wall storage units, work counters/breakfast bar, stainless steel sink/draining unit, oven, hob and extractor whilst the living area benefits from a television plinth, fitted storage and wood burner. Through to BEDROOM 1, a double with French Doors and Juliet balcony providing side aspect, wooden flooring, feature fireplace and beams, storage cupboard, inset spot lighting. Inter-connects with 'Jack & Jill' style BATHRROOM, tiled floor, part tiled wall, inset spot lighting, Velux window, fitted with bath having shower over, vanity hand washbasin, toilet and heated towel rail. Leading off the other side of the bathroom, OFFICE/UTILITY ROOM, Velux window, fitted counter, cupboard containing washing machine and tumble dryer. The premises continue to the rear and BEDROOM 2, a double although with restricted head room, wood flooring, rear aspect and additional Velux window.

Outside: To the side of the property, YARD AREA providing BIN STORE, double gates opening to South Street.

Optional Land & Buildings:To the rear of the main building a further YARD area exists together with a good size area of GARDEN, within this area is a substantial BARN, extending over 3 levels, currently used for storage, offers considerable development potential, previously the barn had Planning Permission for two 2 bedroom dwellings. At one end of the garden a GARAGE exists with up and over door opening to PARKING AREA with sufficient space for 2 cars, accessed from Castle Street, providing rear access to the site.

Business: A well-known landmark business, in the same family hands since 1958 since which time considerable success has been enjoyed, only now offered for sale in order to pursue retirement. Offering a traditional Fish & Chip menu to eat in or takeaway, menu lines comprising a variety of fish, chicken portions, sausages, pies and burgers together with a variety of accompaniments to include hot and cold soft drinks. Such is the length of time established the business enjoys a great deal of regular local repeat trade in addition to passing and visitor trade such is the town centre trading position.

Trading Hours: The business trades Tuesday to Saturday lunchtimes 12.00 noon through to 2.00pm, Monday evening 5.00pm through to 9.00pm and Tuesday to Saturday evenings 5.00pm through to 10.00pm.

Staff: With the impending retirement of the vendor who works part time in the business it is predominantly operated by staff on a day to day basis, a pool of approximately 10 part time members of staff employed. The business would suit a working owner/couple enabling a reduction in the current wages bill.

Takings: Accounting information provided confirms a strong profitable business with Sales having increased in recent years. In respect of the financial year ended 31st August 2018 Sales amounted to £242,347 ex Vat returning a Gross Profit of £136,747 equating to 56%. Prior to amortisation, depreciation and other items of expenditure of a personal nature it has been calculated Net Profits in excess of £70,000 would be available to working owners. This would be in addition to rental income from the maisonette and flat, currently £500 per calendar month is received in respect of the maisonette although this is considered favourable, the flat is currently occupied by a family member. It is considered that scope still exists to build on the current levels of successful trade through additional menu lines and the acceptance of debit/credit cards which are not currently accepted.Accounting information provided confirms a strong profitable business with Sales having increased in recent years. In respect of the financial year ended 31st August 2017 Sales amounted to £241,255 ex Vat returning a Gross Profit of £134,424 equating to 56%. Prior to amortisation, depreciation and other items of expenditure of a personal nature it has been calculated Net Profits in excess of £70,000 would be available to working owners. This would be in addition to rental income from the maisonette and flat, currently £500 per calendar month is received in respect of the maisonette although this is considered favourable, the flat is currently occupied by a family member. It is considered that scope still exists to build on the current levels of successful trade through additional menu lines and the acceptance of debit/credit cards which are not currently accepted.

Comments: The sale of Taff's provides a rare opportunity to acquire a particularly long established well-known profitable business, the likes of which rarely become available. New owners will benefit from impressive premises, particularly spacious and immaculately presented with no major expenditure required, having the added benefit of accommodation, ideal for owners and/or renting out to provide additional income. The opportunity also exists to acquire additional land and buildings offering development potential should new owners wish to pursue.

Tenure: Freehold.

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

Price: £449,500 for the benefit of the Freehold (Business Premises, Maisonette & Flat), Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation. Should new owners wish to also acquire the barn, land/gardens and outbuildings/garaging then this is available, price £160,000 for the benefit of the Freehold.



More information from this agent

Nearest station

  • Chapleton (6.8 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

  • Chapleton (6.8 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 CF33846N. 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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