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Brookside Café & Restaurant, Station Road, Bovey Tracey, Devon, TQ13 9AW

£695,000

Business rates & charges may apply

Christie & Co, Exeter
SECTOR
Restaurant for sale

Key features

  • Net sales circa £400,000 per annum
  • Outdoor patio seating area, 80+ covers
  • 3 bedroom self contained owners accommodation
  • Open plan restaurant with 85 covers
  • Additional income available from apartment
  • Large car park. Energy Rating C
  • Christie & Co Ref: 3262617

Property description

Tenure: Freehold

Description

Brookside Café & Restaurant is a substantial detached property, built just 16 years ago in the style of a Victorian Villa.

The property benefits from a spacious open plan trade area, modern catering facilities with further external trade space for alfresco dining. There is a plentiful private car park. In addition, the property includes a light and airy apartment.

Location

Bovey Tracey is an attractive town nestling in the foothills of South East Dartmoor, six miles from Newton Abbot. The town is known as the gateway to Dartmoor, and is ideally located for exploring the southern edge of the national park. The town itself enjoys continuous year round trade with the added influx of tourism during the summer months, with the business itself enjoying a prominent location on the town’s main street.

Bovey Tracey can be easily accessed by the A38 from Exeter and the M5. The town is attractively placed in the River Bovey Valley which lies within 20 minutes of the South Devon coast with Exeter approximately 11 miles north west.

Internal Details

Open plan restaurant, seating for circa 85 with central counter servery.

Fully fitted commercial kitchen, walk in cold room, large store room and a boiler room.

Ladies, Gentleman's and disabled WCs. Additional staff WC.

Fixtures & Fittings

We are informed all trade fixtures and fittings are included in the sale, excluding a small number of personal items.

Letting Accommodation

Accessed via a private stairway from the rear of the property, the apartment includes a master en suite bedroom, two further double bedrooms, an open plan lounge diner, separate kitchen/ diner and family bathroom.

The apartment has been previously let out on an assured shorthold tenancy for £795 per calendar month.

External Details

Lawned and patioed gardens located to the front and side of the property, seating for 80 + covers.

Tarmacked car park with space for c.18 cars.

Private lawned garden, incorporating a large storage shed.

Owner's Accommodation

The owners do not live on site and therefore the self contained apartment has been let out to generate additional income. Alternatively the apartment would make excellent living accommodation for new owners.

The Opportunity

Brookside cafe and restaurant represents a fantastic opportunity for a new owner to take over a day time only business in this much sought after market town with a thriving all year round trade with a boost from visitors during the summer months. The business has established itself with an excellent reputation, which is highlighted by its 4.5 star rating on TripAdvisor.

The business offers potential to further develop the income, this could be done by extending the opening hours into the evening. Also, the current owners do not both work full time within the business, so there may be an opportunity to further increase profits with a more hands on owner operator partnership.

Since re-opening in early July 2020, our client's trade has increased by a gross of 26% and this is partly due to the increased visitors to the West Country, as well as being considered to be the most covid secure restaurant in the area with plenty of space both internally and externally.

Further information can be found on the business website:

Staff

The business operates with a manager and assistant manager in place, plus a team of full and part time kitchen and front of house staff.

Trading Information

We are in receipt of Accounts for year end 31 December 2019, which show a net turnover of £395,922 and adjusted net profit of £81,395.

The apartment is capable of generating additional income in the region of £9,540 per annum,

Trading Hours

Open daily throughout the year from 9.30am (9.00am on Saturdays and Sundays) with breakfast served until 3.30pm (until 11.00am on Sundays).

Lunch is served from 11.30am to 3.30pm. Sandwiches, baguettes and jacket potatoes are served until 4.30pm.

During the Winter months, the businesses closes at 4.00pm.

Business Rates

Rateable value with effect from April 2017 £18,500.

Please note this is not the amount you pay.

Regulatory

Premises Licence.

Energy Performance Certificates

EPC 1

Brochures

Brookside Café & Restaurant, Station Road, Bovey Tracey, Devon, TQ13 9AW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Newton Abbot Station5.4 miles

About Christie & Co, Exeter

Kings Wharf The Quay, Exeter, EX2 4AN

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

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Disclaimer - Property reference 3262617-fh. 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 Christie & Co, 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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