Cafe for sale

High Street, TA24 8PS

Leasehold £49,950

Property Description

Commercial information

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

Key features

  • Extremely Well Presented Cafe and Tea Rooms
  • Popular, Sought After Honeypot Somerset Village
  • Excellent Catering Opportunity
  • Potential to Develop Trading Style
  • Daytime Only Cafe
  • Impressive Gross Profit Margin of 72%

Full description

Tenure: Leasehold

THE PROPERTY
Home Cook Cafe is an established and well regarded day time only cafe and tea rooms which occupies a prominent and highly visible trading location in the centre of the village of Porlock. The lock-up leasehold premises are furnished and equipped to an extremely high standard and consequently the business offers incoming operators the opportunity to purchase an established cafe and tea room with the opportunity to develop the style of trade to suit their own personal requirements. This highly desirable catering business has an established trade and reputation and briefly comprises:- Attractive Ground Floor Cafe and Tea Rooms comfortably seating 28 customers; substantial Customer Servery with preparation Kitchen Area to rear; customer WC and Store Rooms. The sale of Home Cook Cafe represents an opportunity to purchase an established and well regarded business with an excellent trading position and impressive levels of trade and profits and with genuine potential to increase all aspects of the trade still further.

SITUATION
Home Cook Cafe occupies a prominent and highly visible trading position in the main high street and opposite the main village carpark in the centre of the village of Porlock which is a honeypot for tourists and visitors throughout the year. Porlock is an attractive and traditional Exmoor village which lies between the moor and the coast and is set within the Exmoor National Park. Porlock is one of the most popular Exmoor villages because of its thriving community and its location. The quaint harbour and hamlet of Porlock Weir is approximately 2 miles; Somerset's premier coastal resort of Minehead is approximately 6 miles and the County town of Taunton which has a mainline rail link to London and easy access to the motorway network, is approximately 26 miles.

INTERNAL DETAILS
Attractive double fronted lock up unit with glazed double entrance doors to front and external sun canopies into main Cafe Area. A well presented and attractive purpose fitted customer dining area, tastefully furnished with carpeted flooring, wall mounted menu boards, feature lighting, window display frontage and freestanding tables and chairs comfortably seating 28 customers. Substantial Customer Servery with Preparation Kitchen Area to the rear and with serve over counter with cake display area, range of base and wall mounted cupboards with extensive work surface areas, tiled flooring, electric cash register, coffee machine, hot water still, twin contact grill, Buffalo halogen hob, Problend blender/smoothie maker, two microwave ovens, electric oven, toaster, commercial dishwasher, stainless steel sink unit, stainless steel hand basin, two under counter commercial fridges, under counter freezer and wall shelving. Store Room with upright Gram fridge, under counter freezer, Altro flooring, work surfaces and door to rear. Customer WC. Further Store Room with fridge freezer, two chest freezers, wall shelving and door to rear. Storage cupboard with chest freezer and shelving.

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
Rear delivery drop off area and designated bin store area.

THE BUSINESS
Home Cook Cafe trades as a quality daytime only cafe and coffee shop and benefits from a prominent and prime trading position in the main High Street within the heart of the centre of Porlock and located opposite the main public car park. The business serves a popular and easy to prepare daytime menu which ranges from hot and cold beverages, sandwiches, toasties, light bites, main meals, desserts, cakes, pies, pasties and the ever popular cream teas. The business has been established for around 13 years and has been purposefully fitted and equipped to a high standard and consequently the business offers a superior trading environment. The business is run completely under management, with no day to day involvement from our client, who is offering the cafe for sale due to other business commitments. The business is run by 4 part-time members of staff with additional weekend/casual staff as and when trade levels dictate. The business benefits from a 5 Star Food Hygiene rating. A viewing is highly recommended in order to fully appreciate the high standards inherent throughout all aspects of this business.

TRADING INFORMATION
Accounts for the year ending 31 January 2017 show sales of £93,284 excluding VAT with an impressive gross profit margin of 72%. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The business trades on deliberately restricted opening hours of 10:00am until 5:00pm seven days a week, however these hours are reduced during the winter months.

POTENTIAL
The sale of Home Cook Cafe represents a perfect opportunity to purchase an easy to run daytime only catering business with low overheads, which is exceptionally well appointed and offers tremendous potential for new owners to develop all aspects of the trade still further. Undoubtedly, there is potential for incoming operators to extend the opening hours (subject to the landlords consent) and also to develop the menu range. There is also the potential for new owners to develop their own style of trade to suit their own personal requirements and to take advantage of this superior trading premises in a sought after "honeypot" trading location. New owners will benefit from being able to move in without the need for any major expenditure on the premises and there are also opportunities to develop a website and to make full use of social media such as Facebook and Twitter. An early appointment to view is highly recommended in order to fully appreciate all that this quality, multi-faceted catering business has to offer.

EPC
E = 111.

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

We are advised that no Business Rates are payable for the current year.

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

PRICE & TENURE
£49,950 for the valuable leasehold interest as a going concern business and full trade inventory. Dry stocks to be additional at valuation. Vacant possession upon completion.

We are advised that the premises are held on a 10 year lease from May 2010 at a current rent of £9,000 per annum. We are advised that the lease is fully protected and therefore renewable at the end of the existing term. Full details available upon request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
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.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.


More information from this agent

Nearest station

  • Llantwit Major (14.7 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest station

  • Llantwit Major (14.7 mi)
Distances are straight line measurements from centre of postcode

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