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Market Street, Tavistock, Devon, PL19

Leasehold
£189,500

Business rates & charges may apply

STONESMITH, Exeter
SIZE

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SECTOR

Restaurant for sale

USE CLASSUse class orders: A3 Restaurants and Cafes

A3

Key features

  • Exceptional High Quality 78 Cover Restaurant
  • Established Business In A Prime Town Centre Trading Position
  • Substantial Turnover With Exceptionally Strong Net Profits
  • Outstanding Catering Business Opportunity With Tremendous Potential
  • Self Contained and extremely spacious Owner's/Manager's Apartment

Description

Taylors is an extremely impressive and well-presented licensed bistro and restaurant which has been in the current ownership since 2013. This thriving and well-regarded business is presented to an exceptionally high standard throughout and has benefitted from considerable on-going investment and expenditure by our clients during their ownership. Consequently, the business provides a superior working environment which is exceptionally well equipped. The sale of Taylors represents a fantastic opportunity to purchase an extremely profitable and highly desirable catering business. The character premises are within an attractive Grade II listed property and offer a blend of character features combined with modern contemporary furnishings and décor, being purpose equipped and fitted to a high standard throughout. The business briefly comprises: - attractive ground floor Bar & Dining Area comfortably seating 26+ covers; impressive character first floor Restaurant comfortably seating 30 covers; further attractive first floor Dining Room comfortably seating 22 covers; fully equipped Commercial Catering Kitchen with Ancillary and Welfare Facilities. The business is enhanced by the extremely spacious Self-Contained Living Accommodation offering a generous Double Bedroom, spacious Sitting Room, Kitchen/Dining Room and a Bathroom. This is a unique opportunity to purchase a renowned high turnover catering business, with particularly impressive profits. A viewing is strongly recommended in order to fully appreciate all aspects of this business opportunity and the potential which it offers owner operators or investors; the likes of which is rarely seen with a business of this nature. There are also undoubted opportunities and potential for incoming operators to develop their own style of trade to suit their own personal requirements, and to take advantage of the prime town centre trading position.

SITUATION
Taylors occupies a prime town centre trading position within the heart of the thriving market town of Tavistock. Tavistock is an appealing, sought after and popular ancient stannery town, set on the western fringes of Dartmoor National Park. The town is rich in history and tradition, leading back to the 10th Century and famed for being the birthplace of Sir Francis Drake. Tavistock offers a superb and wide range of shopping, recreational and educational amenities with a mixture of national and independent retailers, a popular pannier market and the sought-after Mount Kelly School. The town is a most popular and appealing destination, as well as serving an active resident town population and various smaller outlying communities. Tavistock straddles the River Tavy and borders with Dartmoor National Park which attracts many thousands of visitors each year and is the perfect base from which to explore the spectacular landscape of Dartmoor and the Tamar Valley. The historic maritime city of Plymouth is around 15 miles south.

INTERNAL DETAILS - GROUND FLOOR
Glazed double frontage with glazed recessed central entrance door leading into; Bar & Dining Area an attractive modern contemporary trading area fitted to a high standard throughout having been purposefully equipped and furnished with marble tiled flooring, feature lighting, feature concrete spiral staircase to first floor with plinth lighting, range of freestanding wooden topped tables, upholstered wooden chairs, sofas and armchairs comfortably seating 26 plus customers. Timber return Bar Servery with extensive display shelving, commercial cappuccino coffee machine, coffee grinder, cake display unit, double glass fronted bottle fridge, stainless steel handbasin, and under counter flash cooler. Waitress Station Area with EPOS touch screen cash register linked to the kitchen and an upright glass fronted wine fridge. Disabled WC. Commercial Catering Kitchen an open plan theatre style kitchen with non slip flooring, part stainless steel and part wipe clean clad walls, fitted to an exceptionally high standard with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over and gas interlock system, chargrill, six burner gas range, twin floor standing deep fat fryer, Rational combi oven, commercial microwave oven, four door commercial undercounter fridge, warming cabinet with serving gantry and warming lamps over, stainless steel racked shelving, extensive stainless steel shelving, three door commercial undercounter fridge, stainless steel deep bowl sink unit, commercial pass through dishwasher with tray slide, door to rear, stainless steel deep bowl sink unit, chest freezer, stainless steel work benches and stainless steel handbasin.

FIRST FLOOR
Main Restaurant an extremely attractive character room with modern contemporary furnishings, solid oak flooring, part exposed stone walls, heavily beamed ceilings, feature lighting, freestanding wooden topped tables, upholstered wooden chairs and a feature booth style upholstered seating area, comfortably seating 30 customers in total. Bar Servery/Waitress Station a granite topped servery area with stainless steel sink unit, EPOS touch screen cash register linked to the kitchen, wine racking, glass washer, and open storage shelving. Ladies and Gents WC's. Boiler Room. Kings Room another attractive character restaurant area and private dining room with feature window to the front, heavily beamed ceilings, exposed wall timbers, wood laminate flooring, range of freestanding wooden topped tables and upholstered wooden chairs comfortably seating 22 customers.

OWNER'S ACCOMMODATION
Being completely self contained with independent external access from the front and situated on the second floor is the extremely spacious Owner's/Manager's Apartment, which is well presented and briefly comprises: - Sitting Room an impressive room with dual aspect windows, part exposed stones walls, and exposed ceiling timbers. Kitchen/Dining Room with wood laminate flooring, fitted with a range of base and wall mounted modern kitchen units and complementary work surfaces, built in hob, oven, extractor unit and fridge. Bedroom a generous double bedroom with aspect to the front, vaulted ceiling with exposed timbers, currently used as an office and storeroom. Bathroom with a white suite and a shower over the bath.

EXTERNAL DETAILS
Our clients also rent a separate Storeroom adjacent to the restaurant which provides extensive storage facilities with an upright commercial freezer, upright double commercial fridge, two chest freezers, extensive stainless steel racked shelving units, staff wc, commercial upright fridge, stainless steel work benches with shelving below, twin bowl stainless steel sink unit and an ice machine.

THE BUSINESS
Taylors is a busy licensed bistro and restaurant set within a character property, with modern contemporary furnishings. This busy independent restaurant offers a seasonally changing menu, accompanied by quality wines and cocktails in attractive surroundings. The business enjoys excellent levels of regular repeat trade and boasts an impressive local following, not only from Tavistock but from the local surrounding villages and towns, together with a year-round boost from visitors and tourists to the area. Well presented throughout and extremely well equipped, Taylors is an exceptionally profitable high turnover business which opens for breakfast, morning coffee, lunches and evening meals. All food is freshly prepared on the premises using the finest local produce and suppliers wherever possible. The business has been awarded a 5-star food hygiene rating and Taylors has its own website which provides a further overview of the business and menus. The business has been owned by our clients since 2013 and they have significantly invested in the business during their ownership. Consequently, the business and property are presented in first class order throughout. The business is run with a full team in place and our clients have greatly reduced their involvement in the running of the business during the last few years, in order to concentrate on their other business interests. The sale of Taylors represents an excellent opportunity to purchase an exceptionally profitable and highly successful catering business and new owners will benefit from being able to move in without the need for any major expenditure. An early appointment to view is highly recommended in order to fully appreciate all that this impressive high turnover business has to offer.

CURRENT STAFFING
The restaurant is run with a full team in place to include; a full time manager, 3 full time chefs, 2 full time front of house staff, 5 part time waitresses, a part time chef and 3 part time KP's. Only one of the owners is involved in the day to day running of the business, albeit on a part time basis. The sale will be subject to Transfer of Undertakings (Protection of Employment) Regulations (TUPE).

TRADING INFORMATION
Accounts for the year ending 30th September 2022 show sales of £520,841 net of VAT with an exceptionally strong net profit being shown. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

TRADING HOURS
The business trades Monday to Thursday from 9am until 2.30pm and from 6pm until close, on Friday and Saturday from 9am until close, and on Sunday the business trades from 10am until 2.30pm.

POTENTIAL
The sale of Taylors provides an excellent opportunity to purchase a thriving and well-regarded restaurant business which is extremely profitable, and which still offers potential to increase the current high turnover levels still further. There are opportunities to increase the opening hours, for which demand exists. The sale of Taylors represents a rare opportunity to purchase a fully equipped, high quality licensed restaurant business which has a full complement of experienced staff in place and offers new owners the ability to move in and start trading without the need for any major expenditure.

EPC
D-84

SERVICES
All mains' services are connected

PRICE & TENURE
£189,500 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. The premises are available by way of a 12 year, fully repairing and insuring lease, with a schedule of condition in place. The lease commenced in early 2022, at the current rent of £40,000 per annum, with rent reviews every 3 years. The storeroom is held on a separate lease at the rent of £3,000 per annum. Full details are available upon request.

Brochures

Market Street, Tavistock, Devon, PL19

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Gunnislake Station4.0 miles
  • Calstock Station4.6 miles
  • Bere Alston Station5.0 miles

About STONESMITH, Exeter

Suite B, Castle View Barns, Woodmanton, Exeter, Devon EX5 1HQ

Stonesmith are a leading business transfer agent specialising in pubs for sale, hotels for sale, catering businesses for sale and leisure and hospitality businesses for sale in the Westcountry / South West including Devon, Cornwall, Dorset and Somerset.

Our team has over 75 years combined experience in dealing in the sale and acquisition of licensed, leisure and hospitality properties, and businesses throughout the Westcountry / South West.

Contact us for a free, no obligation con

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Disclaimer - Property reference 2144. 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 STONESMITH, Exeter. 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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