Restaurant for sale

Willand, Cullompton

£69,995

Property Description

Commercial information

  • Business for sale

Key features

  • Lucrative main road trading position
  • Spacious extensively equipped premises
  • 80 inside covers, 20 outside, commercial kitchen
  • Ancillary facilities and valuable car park
  • Sales 192,576 ex Vat, GP 142,799
  • EM&F reference number: TR33447N

Full description

Tenure: Leasehold

Description: An established well known catering business, comprising a daytime restaurant/cafe serving a popular easily prepared menu to include a carvery which proves lucrative, benefiting from holding an alcohol licence. Operating from deceptively spacious premises, all very well presented and extensively equipped with no major expenditure considered necessary. Comprising 80 cover dining area, servery counter/waitress area, carvery counter, excellent commercial kitchen, wash-up room, office, dry store, walk in cold room and freezer whilst outside can be found 20 cover alfresco dining area and lucrative car park. The business proves popular with the local and surrounding residential community in addition to passers-by, tourists/holidaymakers and cyclists, it is most efficiently run, such are the level of sales it can be either owner or staff operated.

Location: The trading position is quite unique, fronting the B3181 linking Willand with Cullompton, and importantly providing access to the nearby M5 motorway network at both junction 27 and junction 28, in addition to forming part of the Uffculme Tiverton Canal Cycle Route. The business forms part of a development which also includes a convenience store, petrol station, hair salon and motor repair workshop, all of which assists with attracting trade. Willand is a large village which continues to grow with further new housing developments planned from which businesses will benefit. Lying on the edge of the picturesque Blackdown Hills, it is easily accessible from the M5 motorway, A361 North Devon Link Road and A38, nearby towns include Cullompton 3½ miles away, Tiverton 6 miles away, the Somerset county town of Taunton 17 miles away and the City of Exeter 18 miles away, a number of tourist attractions can be found close by with the entrance to popular Diggerland Adventure Park opposite the business.

Premises: Substantial wooden framed glazed frontage, wooden framed glazed customer entrance door opening to RECEPTION AREA, part carpeted, part vinyl flooring, recessed lighting. Versatile COFFEE AREA comprising 2 round tables and matching cushioned 'easy' style chairs providing 8 covers. To one side, MAIN DINING AREA with OVERFLOW DINING AREA to other side, providing approximately 80 covers in total via freestanding tables and matching cushioned chairs. Within the main dining area, 3 part CARVERY SERVERY COUNTER with inset soup kettle, adjacent wooden fronted SERVERY COUNTER incorporating ice cream conservator, houses San Remo coffee machine, coffee grinder, hot water still, milk machine, glazed snack display cabinet, touch screen electronic till with order feed to kitchen, under counter fridge. Open plan WAITRESS AREA behind, tiled floor, fitted with base storage units, work counters, wall mounted storage cupboard, stainless steel sink/draining unit, and glazed mirror backed wall storage shelving, houses music system, under counter freezer, 2 under counter fridges, under counter glazed front double bottle chiller and wall mounted microwave oven. Through to COMMERCIAL KITCHEN, tiled floor and walls, fluorescent strip lighting, stainless steel commercial sink unit and hand washbasin, comprehensively equipped, amongst the inventory, convection oven, 6 burner cooker, 2 basket fryers, griddle, wall grill, 4 pot baine marie, hot cupboard, heated pass, extractor canopy, 3 wall mounted microwave ovens, 2 stainless steel under counter freezers, sandwich toaster, hot water boiler, glazed front upright chiller, toaster and stainless steel work tables. An INNER HALLWAY houses an upright freezer and storage cupboard used in connection with spare crockery, hallway continues to WASH-UP ROOM, fitted with commercial deep bowl sink unit and stainless steel wall storage shelving, contains dish washer, washing machine, tumble dryer, potato peeler and stainless steel work tables. Also leading off the inner hallway, OFFICE containing desk, seating and storage racking together with spare equipment. To the rear of the property, DRY STORE fitted with storage racking, provides access to covered area housing walk in cold room and freezer, useful rear delivery access. The business benefits from customer CLOAKROOMS leading off the dining area, comprising separate ladies and gentlemen's cloakroom facilities. (None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)

Outside: To the front of the property, ALFRESCO DINING AREA providing 20 covers, lucrative CAR PARKING with 25 allocated car parking spaces and use of others at weekends.

Business: A well-known business established a substantial number of years, under current ownership since 2014, only offered for sale due to some ill health of the vendor. Under current ownership considerable success has been enjoyed with increasing levels of sales. Operating as a daytime licensed restaurant/café, serving a popular menu of teas, coffees, breakfasts, snacks and main meals to include a very popular daily carvery attracting customers from far afield. An alcohol licence is held enabling the serving of beers, wines and spirits. The business benefits from no direct competition, a great deal of local trade is enjoyed attracting customers from Tiverton, additional trade is received from passers-by/tourists/holiday makers using the nearby motorway, Travel Lodge and visiting Diggerland Adventure Park opposite, the venue also proves popular with cyclists.

Trading Hours: The business trades Monday to Friday 8.00am through to 4.30pm, Saturday and Sunday 8.00am through to 4.00pm.

Staff: Operated by the sole vendor who acts in a supervisory capacity and provides holiday cover, assisted by a full time manager and a pool of 11 part time members of staff to include 2 cooks and 2 assistant cooks.

Takings: Accounting information provided confirms Sales in respect of the financial year ended 30th June 2019 amounted to £192,576 ex Vat returning a Gross Profit of £142,799 equating to an excellent 72%.

Comments: The sale of Bluebell Restaurant provides an excellent opportunity to acquire a quite uniquely positioned daytime catering establishment which continues to thrive. New owners can simply move in without the need for any major expenditure and build on the current levels of successful trade with the option to increase opening hours if they so wish.

Tenure: Held on the residue of a renewable 12 year Lease which commenced in 2012, current rent £13,000 per annum plus Vat.

Rates: Approximately £5,373 payable per annum.

Price: £69,995 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

  • Tiverton Parkway (2.5 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

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Map & Street View

Nearest station

  • Tiverton Parkway (2.5 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.

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