Restaurant for sale

Beer, Devon

£95,000

Property Description

Key features

  • Highly desirable award winning coastal village
  • Architect designed premises, no expense spared
  • Deceptively spacious premises, 50+ Covers, entrance seating & Bar
  • Self-contained 3 bed accom with car parking
  • Popular business, attracts local and visitor trade
  • Under current ownership in excess 10 years
  • Sales 2018 218,083 ex Vat
  • Exceptional licensed Restaurant/Bistro
  • Located in central trading position close car park,shops and beach
  • Everett Masson & Furby reference number: R34076N

Full description

Tenure: Leasehold

Description: An exceptional restaurant opportunity, the likes of which rarely become available considering the size and standard of the premises coupled with the desirable coastal trading position. A deceptively spacious character property, architect designed and fitted out with no expense spared, internal viewing recommended to appreciate size and standard to which the premises are presented and equipped. Providing customer reception, bar area, 50+ cover dining area and customer cloakrooms. Ancillary facilities comprise superb commercial kitchen, preparation and storage areas together with separate wash-up, utility and staff cloakroom facilities. Above can be found self-contained accommodation, suitable for owners or could be sublet to provide additional income, providing kitchen, lounge/dining room, 2 bedrooms, office/bedroom 3 and a bathroom whilst outside a yard area provides bin storage and car parking facilities. The business is long established, well known throughout the area, enjoying both regular local trade and visitor trade from the many holidaymakers to the area, in particular during the busy summer months.

Location: Occupying a central trading position within this award winning desirable coastal village, runner up in 'Village of the Year 2018' as featured on Channel 4. Situated just off the main thoroughfare of Fore Street which leads to the nearby beach, albeit well signposted, close to the main car park ensuring easy access. Other popular businesses can be found close by to include gallery, delicatessen, guest houses and guest accommodation, the area is also host to residential housing. Beer is an unspoilt fishing village with its character 'flint' fronted properties, despite the lack of a harbour fishing boats are simply winched up the beach, once a smugglers haven such is the sheltered position on Lyme Bay which now forms part of the Jurassic Coast, a World Heritage site. The picturesque cliffs form part of the South West coast path and act as a magnet for holiday makers and day trippers, other attractions include Beer Quarry Caves and Pecorama model railway exhibition. Lying just off the main A3052 coast road, between the popular coastal towns of Sidmouth (7 miles) and Lyme Regis (11 miles), the village is easily accessible and the regional capital, Exeter (25 miles) with its motorway access, airport and mainline railway station can quickly be reached.

Premises: Contemporary in design with decked walkway entrance, feature curved wooden façade and illuminated canopy complete with stylish vertically glazed panelled customer entrance door opening to LOBBY, slate floor tiles with underfloor heating, attractive planting, glazed roof incorporating ventilation windows. Through to RECEPTION AREA, slate floor tiles, some curved cushioned bench seating, freestanding cushioned chairs, sofa and coffee tables, inset ceiling spot lighting and light well. Leading off are the CLOAKROOMS, initial lobby area providing access to separate gentlemen's, ladies and ladies/disabled/baby change cloakrooms, all presented to high standard. Adjoining the reception area is the BAR AREA, slate flooring, freestanding tables and chairs and wall lights. Substantial wooden fronted granite topped BAR SERVERY COUNTER with wall mounted air conditioning unit, comprehensively equipped, incorporates hand washbasin, houses glass washer, ice machine and touch screen electronic till. Further granite topped mirrored back bar complete with coffee machine, coffee grinder, stainless steel under counter double door wine chiller, glazed double door bottle chiller, glazed triple door bottle chiller and under counter fridge. In front of the bar servery, useful WAITRESS STATION, next to the serving window to the kitchen and at the entrance to the DINING AREA, wooden flooring, feature exposed stone, wall and ceiling lighting, cushioned bench seating, freestanding seating and tables provide approximately 50 covers. Glazed door opening to enclosed courtyard garden. A WASH-UP AREA is located behind the bar, non-slip flooring, easy wipe cladding to the walls, ceiling fluorescent strip lighting, fitted with stainless steel commercial sink unit, contains dishwasher and storage racking. Useful UTILITY/CLOAKROOM leading off, fitted with toilet, hand washbasin and hand dryer, contains washing machine and storage shelving. The COMMERCIAL KITCHEN is situated to the rear of the premises, benefiting from large serving window looking into the bar area, particularly spacious and well equipped, fitted with non-slip flooring, easy wipe cladding to the walls, comprehensive extraction system, stainless steel preparation sink and stainless steel hand washbasin, the equipment inventory includes Blue Seal convection oven, 6 burner cooker, Blue Seal flash grill, chargrill, twin basket fryer, warming cabinet, 2 door refrigerated chef counter, stainless steel upright chiller and stainless steel work tables. Adjoining PREPARATION AREA containing further stainless steel work tables in addition to stainless steel upright chiller, chest freezer, storage racking and WALK IN COLD ROOM. A secondary back door opens to a small enclosed outside space used for STORAGE in respect of cleaning products, the main back door opens to the rear of the property.

(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, situated above the business premises, suit owners or can be sublet which has been undertaken in the past achieving rental income of £600 per month, benefiting from gas fired central heating. Private rear entrance door opening to lobby and stairs rising to main entrance door where the reverse level accommodation is situated. BEDROOM 1 a double, BEDROOM 2 a single, BATHROOM fitted with toilet, hand washbasin, bath and Velux roof window. A small number of stairs lead to the LOUNGE/DINING ROOM, feature beams, KITCHEN leading off complete with Juliet balcony and Velux roof window, fitted with modern base and wall storage units, work counters and stainless steel sink/draining unit, space for dishwasher and washing machine. At the top of the main entrance stairs is an OFFICE, this could easily convert to provide a large 3rd BEDROOM, and currently it is used for storage. Adjacent this room is the BOILER ROOM, a walk in room proving useful in the drying of laundry.

Outside: To the rear of the property, YARD AREA, provides BIN STORE and a useful CAR PARKING space.

Business: An established business, the owner having been the chef prior to acquiring the business in 2007, only offered for sale due to a change in personal circumstances. Operating as a licensed restaurant serving a quality menu of starters, mains and desserts, all cooked to order, renowned for fish dishes such is the seaside location, also offering a good selection of wines and other alcoholic beverages, the average evening spend being in the region of £30 - £35 per head. The venue proves popular with the local resident population, also drawing trade from other surrounding villages and towns with a boost from holidaymakers visiting the area, sound reviews are received.

Trading Hours: The business trades Tuesday to Saturday lunchtimes 12.00 noon through to 1.45pm and evenings 6.45pm through to 8.45pm, morning coffee is also available between the hours of 10.00am and 12.00 noon.

Staff: Operated by the owner/chef, assisted by 6 part time members of staff.

Takings: Accounting information provided confirms consistent levels of trade over recent years, in respect of the financial year ended 31st January 2018 Sales amounted to £218,083 ex Vat returning a Gross Profit of £135,864 equating to 62%. Scope exists to build on the current levels of successful trade through increased menu lines and/or opening hours.

Comments: The sale of Steamers Restaurant provides a rare opportunity to acquire superb catering premises within a most desirable coastal setting coupled with an established popular business lending itself to further development in the hands of new owners.

Tenure: Held on the residue of a 21 year renewable Lease which commenced in 2007, current rent £19,992 per annum, subject to 3 yearly rent reviews.

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

Price: £95,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Axminster (6.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , 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

Nearest station

  • Axminster (6.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , 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 R34076N. 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 , 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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