*Ingoing Premium of: 34,950* Fashionable 34 cover lock-up cafe bar. Established in around 2005 and now for sale fully furnished as a going concern. EPC Rating C. Read more
*Ingoing Premium of: 34,950* Fashionable 34 cover lock-up cafe bar. Established in around 2005 and now for sale fully furnished as a going concern. EPC Rating C.
LOCATION In a busy trading position, close to the junction of Boutport Street and Bear Street, the property is conveniently placed for commercial trade.Nearby retailers include offices, a barber shop, opticians, estate agents and the property is within level walking distance of the Queens Theatre and all High Street amenities. Barnstaple is quite rightly recognised as the commercial centre of North Devon, having a population in excess of 40,000 inhabitants and serving the surrounding rural hinterland with a population in excess of 127,000 inhabitants. The town is rapidly expanding with several new housing developments on the outskirts so the demand will subsequently increase and the business benefits from a seasonal uplift in trade from tourists.
THE PROPERTY The premises comprise of a ground floor leasehold lock-up 34 cover cafe bar which was established approximately in 2005.The main cafe has a split level floor area and is nicely decorated and presented with suspended ceilings and matching furnishings throughout.To the rear there is an internal lobby, storage cupboard and customer cloakroom on the right and, on the left, access to a small well equipped commercial kitchen.
TENURE We understand the premises are held on a 20 year commercial lease until 14th December 2030 at a current rent payable of £435pcm.An incoming purchaser will need to provide the usual bank and trade references for Landlord's approval.
THE BUSINESS Our clients have owned the business for around five years and operate the business as a single proprietor with numerous members of staff with the cafe bar opening six days a week 8:30am - 4:00pm (closed Sunday by choice).The premises have an excellent menu with a good range of all-day breakfasts (which are very popular), sandwiches, paninis, wraps, jacket potatoes, traditional ploughman's, teas and coffees.In addition to the main business it is also a takeaway business which provides additional income.We must stress that the business is for sale for genuine reasons and that the opening hours could easily be extended with evening opening as well as exploiting the Sunday lunchtime trade. The turnover is approximately £70,000 with a gross profit of approximately £50,000.Accounts will be made available to those seriously interested parties who have inspected the premises.
The accommodation briefly comprising:
CAFE BARInternal width 11'2" (3.4m) x initial depth 30'11" (9.42m).Seating for 34, L-shaped counter, wall uplighters, suspended ceiling, range of equipment including coffee machine, glass fronted display cabinets, wall mounted mirrors to the rear of the servery. Midway is a recess with concealed lighting and generally the cafe is presented in good decorative order and can be taken over with ease.
REAR SECTION11'5" x 10'8" (3.48m x 3.25m).
REAR LOBBY With built in cupboard.Access to:
REAR KITCHEN12'6" x 7'6" (3.8m x 2.29m).With single drainer sink unit, small wash hand basin, dishwasher, double fryer, two fridges, turbo fan electric oven, wash hand basin and two double wall cupboards etc.
SERVICES Mains electricity, gas, water and drainage.
VAT We understand that our client has not opted to charge VAT.All interested parties should make their own enquiries of HMRC.
VIEWING Strictly by appointment through the selling agents.
RATEABLE VALUE £5,100 UBR, as of April 2018, 49.3p in the £ Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
COUNCIL TAX BAND To be advised.
WEBBERS DO NOT JUST SELL HOUSES Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.ukhttp://list.english-heritage.org.uk