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Green Man Cafe, High Street, Chagford

£37,500

Business rates & charges may apply

STONESMITH, Exeter
SIZE

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SECTOR

Cafe for sale

USE CLASSUse class orders: A3 Restaurants and Cafes

A3

Key features

  • Character Cafe and Tearoom with 2/3 Bedroom Owner's Accommodation
  • Prominent Trading Position In The Heart Of An Upmarket Devon Town
  • Characterful Premises with Main Tearoom (22), Customer Servery
  • Catering Kitchen, Further Rear Tearoom (Currently Owner's Sitting Room)
  • 2/3 Bedroom Owners Apartment with Kitchen and Shower Room
  • Operating Deliberately Restricted Opening Hours, Just 5 Days Per Week

Description

THE PROPERTY
The Green Man is a popular and well-regarded daytime only café and tearoom, set within a charming character filled grade II listed thatched property (the thatch was replaced in September 2022). The business offers potential for incoming operators to purchase a highly sought-after catering business with owner's accommodation and undoubted potential for new owners to develop a style of trade to suit their own personal requirements and take advantage of the prominent town centre trading position. The premises retain many character original features including heavily beamed ceilings and the property is presented in good order throughout. The business briefly comprises: - Main Tearoom Seating Area comfortably seating 22 customers; Customer Servery Area; purpose equipped Catering Kitchen; Customer WCs on the first floor. The business is enhanced by the owner's accommodation currently arranged as a Sitting Room on the ground floor (previously used as an additional customer seating area), 2 first floor Bedrooms, one with an Ensuite Shower Room, Kitchen and an Office/Occasional 3rd Bedroom. The sale of the Green Man Café & Tearooms offers an opportunity to purchase a manageable catering business with genuine potential combined with owners' accommodation, set within a highly desirable and sought after Devon country town.

SITUATION
The Green Man occupies a prime and prominent trading position in the centre of this most desirable, affluent and sought-after Dartmoor town. Chagford is an attractive ancient stannery town offering a wide variety of day-to-day specialist shops and an excellent range of amenities within the town. The larger town of Okehampton lies 10 miles to the west and the university and cathedral city of Exeter lies 20 miles to the east with its mainline rail links to London and its international airport. As well as locals, the town attracts tourists visiting the area as well as day visitors from the surrounding towns and villages. Chagford has easy access to the A30 dual carriageway (4 miles) leading west to Cornwall and east to Exeter where there is access to the M5 motorway. Dartmoor is renowned for its spectacular scenery with granite tors, habitat, moorland and wooded valleys dissected by rushing streams and rivers and there are many opportunities locally for walking, riding, fishing and adventure sports.

INTERNAL DETAILS
With character multipaned windows and an entrance door to the front leading into Main Customer Seating Area a traditional character tearoom with triple aspect windows, feature heavily beamed ceilings, part wood panelled walls, wood effect flooring, menu boards, feature lighting, dresser unit with cake display, glass fronted display fridge, range of freestanding wooden tables and chairs comfortably seating 22 customers. Customer Servery Area with serve over counter, slate flooring, cake display cabinet, commercial coffee machine, coffee grinder, glass fronted bottle fridge, display and storage shelving, storage cupboards and electronic cash register. Catering Kitchen with Altro flooring, wipe clean clad walls, fitted with a range of catering equipment to include:- 5 ring electric induction range cooker with double oven and grill, extraction unit, two microwave ovens, stainless steel work benches with shelving below, extensive wall shelving, contact grill, double bowl stainless steel sink unit, single stainless steel hand basin, commercial dishwasher (on full service lease £75pcm), upright commercial fridge, commercial upright freezer, two upright fridges. Customer WCs on the first floor.

LIVING ACCOMMODATION
Situated on the ground and first floors is the flexible owner's accommodation, which briefly comprises: -

Ground Floor Sitting Room an attractive character room which has previously been utilised as additional customer seating area and could be easily reinstated as this again, subject to personal requirements. With an aspect to the side, exposed stone walls, exposed ceiling timbers, feature fireplace with inset coal effect gas fire, staircase to the first floor.

First Floor Kitchen Area with a range of base and wall mounted kitchen cupboards, work surfaces, airing cupboard and stainless-steel sink unit and 2 upright freezers. Bedroom 1 a small double room with aspect to the front, attractive cast iron fireplace (disused) and exposed ceiling timbers. Bedroom 2 a double/twin room with twin aspect windows, exposed ceiling timbers, built in wardrobe and an Ensuite Shower Room. Office/Occasional Bedroom 3 with internal window giving borrowed light from bedroom 1 and a further window to the landing and exposed ceiling timbers.

THE BUSINESS
The Green Man Café and Tearoom trades as a daytime only, café and tearooms offering a varied menu and specialising in vegetarian, vegan and gluten free produce and enjoys an excellent reputation with locals and visitors alike. The business boasts regular repeat custom which is boosted by visitors to the town throughout the year. The Green Man offers an easy to prepare menu to include breakfast, morning coffees, light lunches, afternoon teas, together with a selection of hot and cold beverages. The business has been awarded a 5 Star Food Hygiene Rating together with numerous excellent google reviews from customers. The business does not currently have a website. Our clients, trade the business on a lifestyle basis, trading just 5 days per week, Thursday to Monday inclusive, from 10am until 4pm. The business is closed on Tuesday and, Wednesday and in addition, our clients have closed for various days off and holidays during the year, in order to fit in with their lifestyle. The Green Man Café and Tearoom is undoubtedly a very special place to live and work and a formal viewing is essential in order to appreciate all that this business and property has to offer. For anyone looking to relocate to the west country, this could be the perfect opportunity to run a manageable catering business with low overheads and living accommodation in a much sought after and affluent Dartmoor town.

TRADING INFORMATION
Trade levels are deliberately restricted to below the VAT threshold by our clients, in order to fit in with their lifestyle requirements and personal circumstances.

POTENTIAL
Without any doubt, there is potential to increase the current trade levels significantly by extending the opening hours, particularly by opening throughout the week especially during the busy summer months. There is also the opportunity for incoming operators to develop their own style of cuisine and trade to suit their own personal requirements and take advantage of this prominent town centre trading location.

RATING
We are advised that the business rates are currently nil after 100% business rate relief.

SERVICES
All mains' services are connected to the property.

EPC
C - 70.

PRICE & TENURE
£37,500 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. The business is held on a 15-year lease from 2016 with a current rent of £15,000 per annum. Rent reviews are every 3 years, the next one being in March 2025. We understand that the thatched roof is excluded from the tenant's repairing obligations. Full details available upon request.

Brochures

Green Man Cafe, High Street, Chagford

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Okehampton Station8.0 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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