Cafe for sale

Teignmouth, Devon

£199,950

Property Description

Commercial information

  • Business for sale

Key features

  • Lucrative town centre position close seafront
  • Substantial spacious premises, recent investment
  • Approx. 60 covers, commercial kitchen, office & storage
  • Local & visitor trade, easy menu, closing 3.00pm
  • Sales £189,386 ex Vat, Gross Profit £126,097
  • Everett Masson & Furby reference number: TR033982N

Full description

Tenure: Freehold

Description: An excellent opportunity to acquire a well-known and regarded daytime café/coffee house, established a substantial number of years, proving a real destination with both the local resident community and the many visitors to the town, enjoying all year round trade. An attractive feature of the proposition are the premises, deceptively spacious with an abundance of character, providing approx. 60 cover rustic/country kitchen themed dining area, substantial bar servery counter, waitress area, comprehensively equipped commercial kitchen suitable for all types of cuisine, incorporating both preparation and cooking areas and benefiting from new equipment, separate wash-up room, customer cloakrooms, office and storage. The business continues to thrive and proves most profitable, offering a popular easily prepared menu, having the added benefit of an alcohol licence, predominantly trading daytime only and closing 3.00pm, offering new owners considerable scope to build on the current levels of successful trade.

Location: Enjoying an eye catching town centre trading position, fronting one of the main pedestrian and vehicle thoroughfares leading from the Quay to the nearby esplanade/seafront. Northumberland Place proves attractive, host to numerous character buildings steeped in history, to one side a number of cut through' s exist to the town's Back Beach and estuary with a number of yacht moorings together with the landing point for the Teignmouth to Shaldon Ferry. The road continues down towards the seafront providing access to the main beach, Victorian pier, numerous attractions and holiday accommodation ensuring substantial pedestrian foot flow. At the time of our inspection other surrounding businesses comprised a bookshop and hair and beauty salons, importantly a Pay & Display car park found to the rear of the premises, accessed via side alleyway, providing easy access for customers, additional free restricted stay on street car parking close by.

Town: Teignmouth lies on the north bank of the Teign Estuary, it plays host to a good size resident population ensuring all year round trade but enjoys a substantial summer boost from tourists and holiday makers. The town lies approximately 9 miles from Torquay, 6 miles from Newton Abbot and 15 miles from the City of Exeter with the nearby A38 dual carriageway providing good communication links.

Premises: An eye catching corner sited building, substantial frontage incorporating some Georgian style glazed frontage, additional side windows, twin customer front entrance doors opening to attractive 'L' shaped customer DINING AREA, feature wooden flooring, part wood panelling to the walls, open fireplace, blackboard wall menus, retro upright Coca Cola soft drinks chiller (free loan), wall lighting and pendent lighting. A range of wooden chairs, pews and sofas together with wooden tables creates a rustic 'Country Kitchen' style and provide approximately 60 covers. Wooden topped central SERVERY COUNTER with glazed cake display cabinet on top provides under counter storage, an additional counter behind houses the till together with glazed front under counter bottle chiller and mirror backed shelving above. Through to WAITRESS AREA, fitted with work counter, contains San Remo coffee machine, coffee grinder, hot water still and under counter milk fridge. Inter-connects with WASH-UP AREA, fitted with work counter, stainless steel sink unit and wall shelving, contains dishwasher and under counter fridge, benefits from direct access to the dining area. Access from the wash-up area is also gained to the COMMERCIAL KITCHEN, immaculately presented, the subject of investment to include new electric consumer unit and a host of new equipment in November 2017, fitted with non-slip flooring and fluorescent strip lighting. Provides PREPARATION AREA, fitted with twin stainless steel sink/draining unit, hand washbasin and wall shelving, contains stainless steel work tables, new Buffalo salamander grill, new Buffalo twin Panini grill, new 4 pot Baine Marie, 3 commercial microwave ovens, combi steam oven and toaster. To one side of the dining area a LOBBY provides access to the separate ladies and gentlemen's CLOAKROOMS, the ladies fitted with toilet, hand washbasin and baby change station, the gentlemen's fitted with toilet, 2 urinals and hand washbasin. To the other side of the dining area an INNER HALLWAY provides access to the OFFICE/STORAGE ROOM fitted with storage racking, contains upright fridge, ice machine, and music system. The hallway continues to the REAR LOBBY where 2 further STOREROOMS can be found, one containing upright fridge, upright freezer and small freezer, the other being a dry store with storage shelving. Useful back doors open to the side of the premises.

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

Outside: A number of tables and chairs are placed outside to the front of the property providing some ALFRESCO SEATING for customers.

Business: Quite a landmark business, established a substantial number of years, only now offered for sale due to the vendor living out of the area some distance away coupled with other business interests. Operating as a daytime café/coffee house, serving breakfast, light bites and lunches, teas, coffees, hot and cold soft drinks, an alcohol licence is held also enabling the serving of beers, ciders, wines and spirits. Menu items are easily prepared and include traditional favourites comprising Panini's, Baguettes, Jacket Potato's, Omelettes, and Daily Specials such as chilli, steaks and eggs benedict, a selection of cakes are also available. The business benefits from not being reliant on visitor trade, commanding an excellent following with the local resident community, the business can actually be busier in the winter months, although does receive a boost from holiday makers and day trippers during the busy summer months.

Trading Hours: The business typically trades easy daytime hours, Monday to Sunday 8.00am through to 3.00pm, some themed evening events take place such as Folk and Blues nights which can prove popular. Such is the nature of the premises there is the opportunity for evening trade if new owners wished to pursue, this could prove lucrative in the summer months, numerous requests are received.

Staff: Due to living outside the area the vendor does not work full time in the business, typically only 3 - 4 days each week, currently assisted by a full time cook and 9 part time members of staff.

Takings: Trading performance is impressive, in respect of the financial year ended 31st March 2018 Sales amounted to £189,386 ex Vat, returning a Gross Profit of £126,097 equating to an excellent 67%. The business proves popular whether owner operated or managed, should new owners work full time in the business then it has been calculated Net Profits in the region of £60,000 would be available to them.

Comments: The sale of Oystercatchers Café provides an opportunity to acquire rarely available spacious Freehold catering premises occupying a lucrative trading position within an attractive desirable coastal town. Coupled with this is a solid reliable profitable business commanding an excellent reputation ensuring a strong following yet at the same time providing new owners the opportunity to build on current levels of successful trade through increased opening hours.

Tenure: The vendor owns the ‘virtual’ Freehold (999 year Lease). Both Freehold and Leasehold options are available. In respect of the Leasehold option, a new negotiable lease is available with a commencing rent in the region of £12,000 per annum.

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

Price: £199,950 for the benefit of the Freehold (virtual), Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.

OR £89,995 For the benefit of the new lease, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Teignmouth (0.2 mi)
  • Dawlish (2.8 mi)
  • Dawlish Warren (4.4 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 stations

  • Teignmouth (0.2 mi)
  • Dawlish (2.8 mi)
  • Dawlish Warren (4.4 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 TR033982N. 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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