3 bedroom takeaway for saleBarnstaple, Devon
- Business for sale
- Use class orders: A5 Hot Food Take away
- Central town centre location close attractions
- Substantial property with 3 bed accommodation
- Frying/takeaway area, 42 cover dining area
- Same owners 15 years, strong local regular trade
- Sales £245,698 ex Vat, Gross Profit £164,894
- Everett Masson & Furby reference number: CF34060N
Description: A well-known Fish & Chip Restaurant and Takeaway, established and under current ownership a considerable number of years, serving a popular easily prepared menu, predominantly traditional Fish & Chip's, benefiting from holding an alcohol licence. Operating from deceptively spacious premises, extending to the rear a considerable length, the subject of considerable investment by the current owner over the years, providing comprehensively equipped kitchen/frying area/takeaway area, customer dining area offering in the region of 42 covers, customer cloakrooms, waitress/preparation area, wash-up area, potato room/store and a first floor general store/workshop. Above the business premises owners' benefit from spacious accommodation, offering kitchen/diner, sitting room, 3 double bedrooms, bathroom, attic storage room and roof terrace. The business proves popular with the local resident community providing regular all year round trade, ample scope exists to build on the current levels of trade through additional menu lines, developing takeaway trade with potential deliveries.
Location: Occupying a busy secondary town centre trading position, fronting a busy pedestrian and vehicle thoroughfare with bus stops and car parks close by. At the time of our inspection nestled between a farm shop and public house, opposite Barclays Bank, adjacent Coral bookmakers, just around the corner from popular Butchers Row and the Pannier Market which in turn leads to the main shopping High Street, nearby attractions include the Queens Theatre and Cinema, residential housing can be found a short distance away. Barnstaple is the North Devon regional capital, supporting a resident population in excess of 21,000, also drawing trade from nearby smaller towns, villages and coastal resorts, enjoying a seasonal uplift from holiday makers and day trippers during the summer months with popular tourist destinations, attractions and beaches only a short drive.
Premises: Attractive wooden/metal framed glazed frontage with signage above, customer entrance doors opening to DINING AREA, part carpeted, suspended ceiling incorporating lighting, freestanding wooden tables and matching cushioned chairs providing approximately 24 covers, through to rear OVERFLOW DINING AREA, cushioned wood effect flooring, additional freestanding tables and chairs providing a further 14 covers, feature exposed brick together with fireplace, ceiling spot lighting and fan. The premises continue to REAR LOBBY and 2 CLOAKROOMS, each fitted with toilet and hand washbasin, one adapted for disabled use, separate cleaning STORE cupboard. To one side of the dining area is the main 'L' shaped SERVERY/TAKEAWAY COUNTER, incorporates Henry Nuttal 3 pan counter range, and houses EPOS till and under counter fish keep. Comprehensively equipped COOKING AREA behind, includes 6 burner cooker, griddle, 2 twin basket fryers, wall mounted grill, 4 pot Baine Marie, 2 commercial microwave ovens, extractor canopy, stainless steel 3 door refrigerated chef counter, stainless steel 3 door freezer counter, upright freezer, upright fridge/freezer and glazed front upright Coca Cola chiller. Through to rear WAITRESS/PREPARATION AREA, fitted with stainless steel sink/draining unit, hand washbasin and wall shelving, contains stainless steel work tables, stainless steel 2 door refrigerated chef counter, coffee machine, coffee grinder, Lincat hot water still, milk machine, 2 commercial microwave ovens, under counter fridge, 2 under counter freezers, glazed front upright drinks chiller and mobile filtration machine in respect of the frying range. Inter-connects with WASH-UP AREA, non-slip flooring, easy wipe cladding to the walls, contains Hobart pass through dishwashing system to include sink unit, stainless steel work tables and storage racking. Through to rear POTATO ROOM/STORE, contains rumbler, back up rumbler and chipper, provides potato pallet storage, also contains 4 chest freezers, upright vegetable fridge and metal dry goods storage racking whilst stairs rise to additional FIRST FLOOR STORAGE AREA/WORKSHOP fitted with storage shelving.
(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)
Accommodation: Situated above the business premises, benefiting from gas fired central heating, accessed internally, there being 2 separate enclosed staircases, one accessed from the dining area and the other from the wash-up area, the latter rising to REAR HALLWAY from which the KITCHEN/DINER leads off, side aspect, vinyl flooring, feature exposed brickwork, inset spot lighting, fitted with modern base and wall storage units, work counters, stainless steel sink/draining unit, integral hob, oven and extractor, plumbed for automatic washing machine. The hallway continues to the SITTING ROOM, side aspect, French doors opening to roof terrace, a walk through room leading to FRONT HALLWAY and from which the BATHROOM leads off, side aspect, vinyl flooring, part tiled walls, fitted with corner bath having shower over, hand washbasin and toilet. BEDROOM 1, a double with rear aspect, a small number of stairs from the hallway down to half landing where the second staircase is located and from where the remaining 2 bedrooms are accessed, BEDROOM 2, a double with front aspect, BEDROOM 3, a double with front aspect. Stairs from the landing rise to SECOND FLOOR ATTIC ROOM providing STORAGE, vaulted ceiling benefiting from 2 Velux windows.
Outside: At first floor level, enclosed ROOF TERRACE accessed from the sitting room.
Business: Long established, acquired by the current owner in 2003, since this time considerable investment has been undertaken and the premises totally refurbished, only now offered for sale due to the vendor retiring/emigrating. Operating as a Fish & Chip Restaurant/Takeaway, trade split approximately 65% in favour of the restaurant, menu lines comprising traditional fish & chips which accounts for the majority of trade, burgers, scampi, chicken portions, jacket potato's, sandwiches, breakfast and some traditional favourites such as fish and cottage pies together with various accompaniments, hot and cold soft drinks, some alcoholic beverages comprising beers, ciders and wines. Opportunities still exist to expand menu lines offered to include items such as pizza for which good demand would be anticipated. Such is the reputation of the business it enjoys regular all year round trade from local residents, shoppers and those working in the town.
Trading Hours: The business trades Monday to Saturday 11.00am through to 9.00pm, scope exists for Sunday opening should new owners wish to introduce.
Staff: The business is managed by the vendor's son and partner who are assisted by 2 full time members of staff and 3 part time members of staff, the business is ideal for owner operators which would enable a reduction in the current wages bill.
Takings: Comprehensive accounting information is held for the business, in respect of the financial year ended 31st March 2018 Sales amounted to £245,698 ex Vat returning a Gross Profit of £164,894 equating to a sound 67%. Through additional menu lines and/or increased opening hours scope exists to build on these current levels of sales.
Comments: The sale of Woody's provides an opportunity to acquire a well know long established business lending itself to further development. New owners will benefit from spacious well-presented and comprehensively equipped premises with the added benefit of owners accommodation.
Tenure: A new negotiable Lease is available, rent £18,000 per annum.
Rates: Approximately £7,000 per annum payable.
Price: £115,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.
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- Barnstaple (0.5 mi)
- Chapleton (4.7 mi)
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- Barnstaple (0.5 mi)
- Chapleton (4.7 mi)
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