1 bedroom takeaway for sale

Tiverton, Devon

£235,000

Property Description

Commercial information

  • Business for sale

Key features

  • Situated on busy Tiverton town centre thoroughfare
  • Character premises with 18 cover customer seating area
  • Reception, frying area, preparation kitchen, storage & yard areas
  • Benefits from 1 Bed Flat
  • Sales 106,443 ex Vat, Gross Profit 73,041
  • Retirement sale after 45 years
  • Ideal for couple to run and develop further
  • Scope for additional menu lines and deliveries
  • Deceptive premises, extending to rear a considerable length
  • EM&F reference number: CF34346N

Full description

Tenure: Freehold

Description: A very long established traditional Fish & Chip shop which has been under current ownership some 45 years. Operating from deceptive town centre premises which extend to the rear a considerable length, offering customer reception, frying area, preparation kitchen, 18 cover customer dining area, customer cloakroom and storage. Owners benefit from accommodation situated above the business premises, comprising kitchen, lounge/dining room, bedroom, bathroom and storage whilst outside the enclosed yard area houses separate potato room, further preparation/storage room and an additional cloakroom. The premises are considered versatile and offer a number of options, the customer dining area is only slightly utilised and the majority of trade is takeaway offering new owners opportunities to develop the business and build on the current levels of trade which comprises a great deal of regular repeat local trade and passing trade.

Location: Enjoying an edge of town centre trading position popular with catering establishments and bordering residential areas, easily accessible with car parks close by. Fronting a busy vehicle and pedestrian thoroughfare passing through the town, Bampton Street leads off the main shopping areas of Gold Street and Fore Street, numerous independent businesses and national retailers can be found close by, these include a number of estate and letting agents, boutiques, flooring outlet, florist and other catering establishments to include Domino's Pizza & Subway all of which assists in attracting substantial pedestrian flow to the area.

Area: Tiverton is the largest town in Mid Devon, situated on the River Exe, renowned for the highly regarded Blundells school, host to a substantial resident population, the subject of numerous new housing developments in recent years with others in the course of construction, drawing trade from the many surrounding villages and hamlets, benefiting from mainline railway station and motorway access at junction 27 of the M5 ensuring the regional capital, The City of Exeter, which lies approximately 16 miles away is easily reached. The town is ideally placed to reach both the North Devon and South Devon coasts, Exmoor and Dartmoor National Parks together with numerous attractions to include Bickleigh Castle, Bickleigh Mill and Killerton House.

Premises: Character premises with wooden framed glazed single frontage and wooden framed recessed glazed entrance door opening to customer RECEPTION AREA, non-slip flooring, tiled walls, ceiling fluorescent strip lighting and glazed front upright drinks chiller. Full width SERVE OVER COUNTER incorporating Frank Ford 3 pan range with heater compartments above, fitted corner work counter and base storage unit, electronic till on top and wall shelving above. The area houses 2 door stainless steel chiller counter incorporating fish drawer, and 2 microwave ovens. Through to PREPARATION KITCHEN, fitted with work counters, base and wall storage units, 4 ring hob, stainless steel sink/draining unit, potato 'bath', and hand washbasin, contains commercial upright freezer and scales, benefits from own entrance from side alleyway. Rear CUSTOMER DINING AREA, accessed internally from the preparation kitchen or, in the case of customers, via separate entrance situated in the side alleyway, non-slip flooring, wall menu board, freestanding tables chairs providing approx. 18 covers. Stairs to FIRST FLOOR and LANDING AREA with storage cupboard and customer CLOAKROOM fitted with toilet and hand washbasin.

(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, accessed from the first floor landing area, entrance door opens to HALLWAY with 'Velux' roof window, 2 storage cupboards and boiler cupboard, continues to the front LOUNGE/DINING AREA with front aspect. Open plan KITCHEN AREA, fitted with work counter, base and wall storage units, stainless steel sink/draining unit, space for cooker and fridge. Leading off the hallway, BEDROOM, a double with side aspect, BATHROOM fitted with bath having shower over, hand washbasin and toilet.

Outside: Gate from the main street opens to ALLEYWAY, provides additional side access to the preparation kitchen and customer dining area. The area also offers a YARD, houses a POTATO ROOM containing rumbler and chipper together with back-ups, provides raised potato bag storage. Additional separate PREPARATION/STORAGE ROOM, fitted with stainless steel sink unit, and contains 2 upright fridges and 2 chest freezers. The yard offers BIN STORAGE facilities and further CLOAKROOM which is not currently utilised.

Business: Acquired by the current owners in 1974, only now offered for sale in order to pursue retirement. Serving a traditional Fish & Chip shop menu of fish, sausages, pies, burgers, chicken portions and chips together with a variety of accompaniments and soft drinks. The majority of trade is takeaway, there is the option to eat in through use of the seating area, a side of the business lending itself to further promotion and development. Such is the length of time established a great deal of regular repeat local trade is enjoyed along with some passing trade in view of the trading position.

Trading Hours: The business trades Monday to Saturday lunchtimes 11.45am through to 2.00pm and Monday to Sunday evenings 5.00pm through to 10.00pm.

Staff: With the vendors now looking to retire the business is operated by staff a great deal of the time, there is a pool of 6 part time members of staff who operate on a rota, the business is easily manageable and could easily be operated by a couple enabling a substantial reduction in the current wages bill.

Takings: Accounting information provided confirms a profitable business, in respect of the financial year ended 31st March 2018 Sales amounted to £106,442 ex Vat returning a Gross Profit of £73,041. The low day to day overheads, in particular those associated with the premises ensure the business remains profitable, especially if operated by a couple with scope to build on the current levels of profitability through the acceptance of card payments and possible additional menu lines coupled with deliveries.

Comments: The sale of Friars Tuck provides an opportunity to acquire a very long established well known business, enjoying considerable success under the 45 years of existing ownership, now lending itself to development in the hands of new owners with scope for additional menu lines, promotion of the seating area and the option to introduce deliveries. New owners will benefit from deceptive versatile premises, with accommodation.

Tenure: Freehold.

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

Price: £235,000 for the benefit of the Freehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.








More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Tiverton Parkway (5.6 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?

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Map & Street View

Nearest station

  • Tiverton Parkway (5.6 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 CF34346N. 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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