TA13

New Farm Restaurant is an award-winning business and has regularly been featured in the Taste of the West Awards for Southwest England. In the aftermath of Covid-19, our clients began operating the business for 3 days per week on Fridays, Saturdays and Sundays. Prior to COVID 19, the business was open on Tuesdays - Sundays each week.

The charming letting rooms furnished with country décor make up approximately 25% of the business's revenue, with relations of local residents staying at the premises as well as guests attending nearby weddings and tourists making their way down to Devon and Cornwall. Throughout the year, the letting rooms are utilised seven days per week and occupancy is at approximately 56%. Rooms rent out in the week from £85 - £95 and from £95 to £105 at the weekends. We understand from our clients that the annual net turnover is in the region of £150,000 and there is scope to improve this significantly by opening the restaurant for more days each week.

Further accounting information may be made available to serious parties following a formal viewing.

This former farmhouse turned award-winning restaurant has been in our clients' ownership for the last 31 years and has been within their family for the last 6 generations. To our knowledge, this property has never been placed on the open market and therefore presents a rare opportunity. There is a vast amount of scope to expand on the current business's trade and to create a unique country offering, opening for more hours each week. Alternatively it could suit a family home with its granted planning for change of use to residential.

PLANNING
As of November 2024, the restaurant has granted planning to convert back into residential. Proposed plans have been provided by our clients, but a new owner may want to re-configure to their own liking. Planning can be found on the Somerset Council planning portal under reference 24/01868/COU.

For further details please contact Sidney Phillips