The Heavy Tree Cafe & Restaurant, Fore Street, Exeter, Devon, EX1

THE PROPERTY
The Heavy Tree is an established and well-regarded licensed cafe and restaurant which trades on a daytime only basis, six days a week (no Sundays). The business offers potential for incoming operators to purchase an attractive and sought after business with an excellent and reputation and strong regular repeat trade. These ground floor lock up premises have been purposefully fitted and equipped to a high standard throughout and incorporate quality fixtures and fittings. The attractive air-conditioned premises briefly comprise: - Main Cafe Seating Area comfortably seating 36 customers; substantial Customer Servery; fully equipped Catering Kitchen and customer welfare facilities. Externally, the premises benefits from a decked Alfresco Seating Area to the front, comfortably seating 10 customers (with space for more if required). The Heavy Tree offers tremendous potential for incoming operators to purchase a successful catering business with opportunities to also develop their own style of trade to suit their own personal requirements and to take advantage of these impressive business premises in a prominent trading position within a busy and popular suburb of Exeter.

SITUATION
The Heavy Tree occupies a prominent trading position on one of the busy main arterial routes into Exeter city centre. The business is located within the popular Heavitree residential district of Exeter in a busy and popular shopping parade which is characterised by a number of well established independent and national retailers, lying approximately 1 mile from Exeter city centre. Exeter is the regional capital of the South West and as such, is not only an established and expanding business centre, but also a popular tourist destination year-round. Renowned for its historic cathedral, well regarded University and waterside developments, Exeter boasts excellent transport communications with 2 mainline rail links to London, an international airport and easy access to the M5 motorway at junction 30.

INTERNAL DETAILS
Fully glazed frontage with glazed double entrance doors to the front leading in to Main Cafe Bar Seating Area a well presented and attractive purpose fitted customer seating area with air conditioning, tastefully furnished with wood laminate flooring, attractive décor, feature lighting, wall mounted television, range of free standing leather effect chairs and an upholstered perimeter seating area with storage beneath offering seating for 36 customers in total. Substantial Customer Servery with rear Preparation Area, serve-over counter, cake display area, display shelving, non-slip flooring, 3 under counter freezers, double glass fronted bottle fridge, single glass fronted bottle fridge, EPOS touch screen cash register, work surfaces, stainless steel sink unit, ice machine, commercial coffee machine, and 2 under counter fridges Open plan archway into Catering Kitchen Area with non-slip flooring and part wipe clean clad and part stainless steel clad walls fitted with a range of kitchen equipment including; stainless steel work surfaces, inset deep bowl stainless steel sink unit, extractor unit, 4 ring induction hob, 2 electric ovens, twin table top deep fat fryer, eye level grill, extensive shelving, 2 microwave ovens, 2 door commercial under counter fridge with saladette over, further saladette, commercial dishwasher, stainless steel hand basin, under counter freezer and an air conditioning unit. Customer W.C with baby change. Storeroom with racked shelving and a chest freezer. Store Cupboard with freezer.

EXTERNAL DETAILS
To the front of the property is a decked Customer Seating Area with non-slip decking and patio furniture providing al fresco seating for around 10 customers. Adjacent bin store area.

THE BUSINESS
The Heavy Tree trades as a licensed cafe bar and restaurant trading on a daytime only basis, six days a week (no Sunday's currently). Presented in excellent order throughout, the business benefits from a lucrative and prominent trading position in a popular residential suburb of Exeter. This established and successful business serves a popular and easy to prepare daytime menu to eat in or takeaway, which ranges from a selection of breakfast and lunch meal options, light bites, homemade cakes, traybakes and pastries as well as hot and cold non-alcoholic and alcoholic beverages. The premises have been purposefully fitted and equipped to a high standard throughout and consequently offer a superior trading environment. The business is run by a team of seven staff members to include 2 kitchen trained staff (1 full time and 1 part time), 3 part time members of staff front of house and 2 Saturday staff. The Heavy Tree has been owned by our clients (a husband-and-wife partnership) for six years. In recent years our clients have chosen to spend time abroad for extended periods. Neither of our clients work full time in the business with one being responsible for the bookwork/financial aspects, and the other works part time in the business, when available. The business benefits from a license to sell alcohol and from a 5-star food hygiene rating. Our clients are prepared to offer a full handover and training to interested parties, if required. A viewing is highly recommended to fully appreciate the high standards inherent throughout all aspects of this business.

TRADING INFORMATION
Management accounts for the year ending 31 March 2024 show sales of £181,221 net of VAT. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The business trades from 9am until 3.30pm six days a week and is closed on Sundays. The business benefits from a premises license which allows the sale of alcohol between 8.00am until midnight 7 days a week.

POTENTIAL
The sale of the Heavy Tree represents a perfect opportunity to purchase an easy to run daytime catering business which offers tremendous potential for new owners to develop all aspects of the trade still further. Undoubtedly, there is potential for incoming operators to extend the opening hours, particularly by opening on a Sunday and also to make better use of the alcohol license by offering evening opening or even a bistro style menu, for which demand exists. There is also the potential for new owners to develop their own style of trade to suit their own personal requirements. New owners will benefit from being able to move in without the need for any major expenditure on the premises. An early appointment to view is highly recommended in order to fully appreciate all that this quality and easy to run catering business has to offer.

EPC
D-86

SERVICES
All main services, with the exception of mains gas, are connected to the property.

PRICE & TENURE
£50,000 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

The premises are held on a renewable 10-year lease from April 2018 at a rent of £13,500 per annum, payable quarterly in advance. The tenant has internal repairing and external shop front repairing obligations. We are advised that the landlord will consider granting a new 10-year lease upon completion. Further details available upon request.