Cafe for sale

South Brent, Devon

£129,995

Property Description

Commercial information

  • Business for sale

Key features

  • Prime trading position in village centre
  • Easy access, A38, Dartmoor & coast all close
  • Smart premises, dining area & commercial kitchen
  • Popular business, no real direct competition
  • Net Sales 83,786, Gross Profit 49,803
  • Trades daytime only, serves easy menu
  • 21 cover Dining Area, eat-in or takeaway
  • Sound profits to owner operators
  • Virtual Freehold or Leasehold option available
  • EM&F reference number: TRZ34334N

Full description

Tenure: Leasehold

Description: An established daytime café/coffee shop serving a popular easily prepared menu to eat in or takeaway, additionally some outside catering is undertaken in respect of local events. Operating from attractive well-presented and equipped premises, professionally fitted in recent years, providing attractive 21 cover dining area, customer cloakroom, servery counter, commercial kitchen, wash-up area, internal storage and covered external storage. The business benefits from limited competition ensuring it remains a popular destination with those living and working in the village in addition to those visiting the village and exploring the local area. Sound levels of trade are enjoyed ensuring the business remains most profitable, in particular if owner operated, benefiting from low day to day overheads, especially those associated with the premises.

Location: Enjoying an eye catching central village trading position, easily accessible with restricted on street car parking immediately in front and the free shoppers car park only a short walk away. Surrounded by other popular business ensuring good pedestrian foot flow, at the time of our inspection the business was next door to a convenience store, adjacent butchers, antique shop, Co-op, Mare & Foal charity shop and estate agents to name a few. South Brent is a large village situated on the southern edge of Dartmoor National Park yet still within easy reach of the coast lying approximately 11 miles away. The village is easily accessible with the A38 Devon Expressway a short drive away providing swift access to the City of Plymouth approximately 14 miles away and the City of Exeter approximately 28 miles away. The village draws trade from the resident community along with numerous other surrounding villages and hamlets.

Premises: Modern easy to maintain uPVC framed glazed double frontage with attractive signage above, uPVC framed glazed central entrance door opening to DINING AREA, tiled floor, feature reclaimed half wood panelling to the walls, blackboard wall menus, wall mirrors, inset ceiling spot lighting. Freestanding wooden tables and chairs provide 18 covers, window bar seating provides a further 3 covers, customer CLOAKROOM leading off fitted with hand washbasin and toilet. To the rear, SERVERY COUNTER incorporating glazed refrigerated display unit, glazed ambient display unit and glazed front upright drinks chiller. Fitted side and rear work counters behind, house pasty warming cabinet and till, coffee machine and grinder. From behind the servery counter access is gained to the COMMERCIAL KITCHEN, professionally fitted and equipped, non-slip flooring, easy wipe cladding to the walls, contains stainless steel work tables and wall shelving, oven, 2 plate hob, griddle, basket fryer, commercial microwave oven, commercial extraction canopy and 3 under counter fridges. Adjacent WASH-UP AREA, fitted with stainless steel commercial sink unit and hand washbasin, also contains dishwasher. Through to useful STORAGE AREA, contains storage racking, upright freezer, chest freezer and small chest freezer, back door opens to the rear of the property with access back to the front of the property. (None of the appliances/ systems have been tested, a purchaser must satisfy themselves as to the serviceability of these).

Outside: To the rear of the property, covered STORAGE AREA providing bin store, owners benefiting from access to the front of the property rather than have to take rubbish through the premises.

Business: An established business acquired by the current owner in 2010, only offered for sale due to other business interests. Operating as a daytime café serving a popular easily prepared menu to eat in or takeaway, menu lines include the ever popular breakfast, soups, sandwiches, baguettes, toasties, panini's, pasties, quiche, jacket potato's, some main meals together with cakes, hot and cold soft drinks. Some outside buffet catering is undertaken for events which can prove lucrative. With no immediate direct competition a great deal of regular local trade is enjoyed to include residents, shoppers, walkers, cyclists and those working in surrounding businesses, the offering of free Wi-Fi proves a draw. Such is the trading position and ease of access some passing trade and visitor/tourist trade is also enjoyed.

Trading Hours: The business trades easy daytime hours, Monday to Saturday 8.30am through to 4.00pm, staying open slightly longer until 5.00pm during the busy summer months.

Staff: Due to other business interests the vendor only works 2 days each week in the business, currently assisted by 1 full time member of staff and 2 part time members of the staff, the business would prove ideal for a couple enabling a reduction in the current wages bill.

Takings: Accounting information provided confirms a strong profitable business with sales having increased of late, owners benefiting from low premises costs assisting with profitability. In respect of the financial year ended 30th June 2019 Sales amounted to £83,786 ex Vat returning a Gross Profit of £49,803. Allowing for the new rent and some staff assistance Net Profits approaching approaching £40,000 are considered achievable to working owners.

Comments: The sale of The Rowan Tree provides an opportunity to acquire an established popular business benefiting from limited competition ensuring all year round regular trade. New owners will benefit from well-presented and equipped premises, with no major expenditure considered necessary, situated within a desirable yet easily accessible village ideally positioned for the moors and the coast.

Tenure: Ground Floor Shop, 3 Station Road, South Brent is a Leasehold property with a term expiring on 4th August 3012 making it a 999 year lease from 5th August 2013 - this is considered as a Virtual Freehold, a sub-lease option is also available with a commencing rent of £7,500 pa.

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

Price: £129,995 Leasehold - 999 years £129,995 or for a Sub-Lease £42,950, both options have the benefit of Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation..


More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Ivybridge (3.9 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

Nearest station

  • Ivybridge (3.9 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 TRZ34334N. 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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