Folklore Kitchen & Social, Mill Street, Chagford,TQ13

THE PROPERTY
Folklore Kitchen and Social is situated within a character property and offers potential for incoming purchasers to acquire an attractive and highly sought after catering business opportunity, with letting rooms and owner's accommodation. Well presented throughout the business briefly comprises; Main Restaurant comfortably seating 18 with ample space for more; Customer Servery Area; Lounge/Dining Area providing further customer seating; Commercial Kitchen; Customer WC's and 2 Double Ensuite Letting Bedrooms. The business is further enhanced by the well presented and deceptively spacious owner's apartment comprising currently arranged as 1 Double Bedroom, Breakfast Room/Office, Sitting Room and a Shower Room. To the rear of the property is an Enclosed Walled Courtyard Garden offering alfresco seating opportunities for customers and a Storage Shed. A viewing is strongly recommended in order to fully appreciate all that this impressive and flexible business and property has to offer.

SITUATION
Folklore Kitchen and Social occupies a town centre trading position in this desirable, affluent and attractive Dartmoor town, which maintains an economy that belies its population size. With a variety of different shops and services there is always a strong year-round community that keeps this economy active and has an enthusiastic determination to shop local where possible, even during the winter. It is bolstered by being a popular stop on the tourist trail and has a selection of quality holiday property rentals generating steady traffic to local hospitality. It is a quintessential Dartmoor stannary town steeped in history, with its imposing granite buildings, many dating back hundreds of years, that is widely known as one of the gateway towns to Dartmoor. The town also benefits a wide catchment area of locals amongst the outlying hamlets, farms and villages in addition to its population of something over 1,500 residents. Chagford is just 10-12 minutes from the A30 and is a frequent stop amongst holidaymakers heading for or returning from Cornish holidays. This also makes Exeter and Okehampton both very accessible for supplies. The sale of Folklore represents a unique chance to purchase a blank canvas business opportunity with genuine potential to develop the trading style, in a much sought after trading location.

INTERNAL DETAILS
Double part glazed entrance doors to the front lead directly into; Main Restaurant Seating Area an attractive character room with full length windows to the front, solid wood flooring, part exposed stone walls, feature fireplace with inset log-effect gas stove, part exposed ceiling timbers, further entrance door to the front, feature cast iron fireplace (disused), range of freestanding wooden tables and upholstered chairs comfortably seating 18 customers, with ample space for more (previously 30 covers). Customer Servery with timber frontage and serve over counter, commercial coffee machine, under counter shelved storage, double glass fronted bottle fridge, feature lighting. Lounge/Dining Area with solid wood flooring, feature fireplace with inset wood burner, doors to the rear garden, currently a comfortable seating area (previously 16 dining covers). Commercial Kitchen with non-slip flooring, stainless steel and wipe clean clad walls, fitted with a range of commercial catering equipment to include:- stainless steel extraction canopy with gas interlock system, 6 burner gas range, a range of stainless steel workbenches, contact griddle, stainless steel shelving, plate warming cabinet, under counter fridge, salamander grill, commercial toaster, stainless steel hand basin, microwave oven, 2 upright fridges, commercial glasswasher, commercial dishwasher, twin deep bowl stainless steel sink unit, door to the rear.
Customer WC's on the first floor. Utility Room on the first floor with washing machine, a tumble dryer and storage shelving.

LETTING ACCOMMODATION
Situated on the first floor are two ensuite letting bedrooms, which briefly comprise:-
Bedroom 1 a good sized double bedroom with stripped wood flooring, dual aspect windows with shutters, part exposed stone wall, built in wardrobe and an Ensuite Shower Room.
Bedroom 2 another good sized double bedroom with stripped wood flooring, window with shutter, and an Ensuite Shower Room.

EXTERNAL DETAILS
To the rear of the property is an enclosed Walled Courtyard Garden with alfresco seating for around 12 customers. Storage Shed with shelved storage, a bottle fridge and an under counter freezer. Bin Store Area.

PRIVATE ACCOMMODATION
Situated on the first and second floors, the owner's apartment is deceptively spacious and impressive, being well presented and briefly comprising:- Breakfast Room/Office an attractive room with glazed doors to the rear and potential to create a kitchen (subject to consents). Stiars to second floor comprising a large open plan space with a good sized Double Bedroom with access to loft storage space, further steps up to a separate Sitting Room Area with stunning views of Meldon Hill and the Dartmoor countryside. Shower Room.

THE OPPORTUNITY
The business is currently trading as an independent café and restaurant and is fully licensed. The premises boast a town centre trading position, and the business is presented in first class order throughout and offers a purpose equipped catering business opportunity, with the added benefit of letting bedrooms and owner's accommodation. There is an opportunity for incoming operators to develop their own trading style and to trade in a manner to suit their own personal requirements and new owners will benefit from being able to move in without the need for any major expenditure on the premises. Our client has deliberately restricted the opening hours of the business through personal choice and to fit in with his lifestyle requirements. The business currently trades from 10am until 3pm Wednesday to Sunday, and occasional Friday and Saturday evenings for special events. Again, through personal choice, my client does not presently utilise the letting bedrooms. Folklore benefits from a 5 star food hygiene rating. The business will undoubtedly thrive in the hands of "hands on" owner operators, especially those with experience and/or a background in the hospitality/catering industry. An early appointment to view is highly recommended to fully appreciate all that this impressive home and business opportunity has to offer.

TRADING INFORMATION
Through personal choice, our client has restricted the trade levels to below the VAT threshold by operating reduced hours. The business has previously traded in excess of the VAT threshold.

POTENTIAL
There is considerable scope to expand all aspects of the business, by increasing the opening hours, developing an evening offering and by utilising the letting bedrooms. There is the potential for incoming operators to develop the style of trade in a manner of their choosing and to suit their own personal requirements and to take advantage of this sought after the town centre trading location. The sale of Folklore represents a rare opportunity to purchase an attractive catering business, combined with letting bedrooms and impressive owner's accommodation in a highly desirable location.

FLOOR PLANS
Available upon request.

EPC
Requested and to be confirmed.

RATING
2023 List: £9,300. 100% Small Business Rates Relief will be available to eligible parties.

SERVICES
All mains services are connected.

PRICE & TENURE
£50,000 for the valuable leasehold interest as a going concern business and full trade inventory. We are advised that the property is held on the remainder of a 15 year lease from February 2020, on fully repairing and insuring terms. The rent payable is £1,400 per month including VAT. The next rent review is in February 2028 and every 3 years thereafter.

AGENTS NOTE
Please note that some of the images have been provided by our client and may not be completely up to date.