*With an Ingoing Premium of £225,000* Traditional Fish'n'Chip shop/takeaway & 44 seater licensed restaurant with a 2/3 bed owner's apartment over. EPC TBC. Read more
*With an Ingoing Premium of £225,000* Traditional Fish'n'Chip shop/takeaway & 44 seater licensed restaurant with a 2/3 bed owner's apartment over. EPC TBC.
LOCATION This award winning fish and chip shop is located in the heart of the village of Braunton in South Street, just off the centre within level walking distance of all amenities and the Caen Street car park, which is the largest car park in the village. Braunton is located 5 miles west of Barnstaple and is a popular village, having a population of 8,000 inhabitants, which is boosted during the summer months with an influx of tourists. It is the gateway to three of North Devon's premier surfing beaches Saunton, Croyde and Puttsborough. The village therefore has an excellent reputation as a surfing centre and indeed in 2012 the museum of British Surfing opened in the heart of the village. Braunton offers a host of interesting shops and is located at the start of the Tarka trail a cycle route which connects Braunton, Barnstaple, Bideford and beyond.
THE PROPERTY This substantial commercial property provides a double fronted main fish and chip shop takeaway which is fully equipped and furnished with a gas-fired frying range and a bespoke counter with servery area and pizza oven with the benefit of a preparation room and kitchen to the rear. On the right hand side is the 44 seater licenced restaurant, which is fully furnished and equipped with ladies and gents cloakrooms beyond. The owners private accommodation is approached from the rear courtyard, having a separate ground floor lobby with stairs to the first floor self-contained 2/3 bedroom owners apartment. The property benefits from a gas-fired radiator central heating throughout and the business will be offered comprehensively furnished and equipped as a going concern, subject to trade inventory.
THE BUSINESS This is an award winning fish and chip shop, offering premier fish which is responsibly sourced, a fresh menu selection, cooked to order and beautifully presented. The business uses sustainable, Atlantic sourced cod and locally grown potatoes from Braunton Great Field. The property has been well presented and improved in the last seven years whilst our clients have operated the business; a full time manager oversees the day to day management with a full time fryer and 8 part-time staff. Therefore there is scope for a couple to undertake these roles and benefit further from the increased profitability. During the summer months staffing is increased to 15 part-time staff. The business opens 6 days a week 11.30am - 2pm and 5pm - 9pm onwards in the evenings Monday - Saturday. During the summer months the business opens at 4.30pm in the afternoon. We understand the turnover of the business to be in the region of £260,000 with accounts to prove and shown an extremely good net profit. Full details of 3 years trading figures will be made available to those seriously interested parties who have viewed the business, subject to our client's approval. The high level of profit has been re-invested into the business and premises with a list of equipment that has been replaced over the years, all of which will greatly benefit the new owners.
TENURE The business is held in the balance of a 14 year lease with approximately 7 years remaining on a full repairing and insuring terms (There is also the opportunity to extend the lease to suit the new owners, subject to agreement with the landlord) at a current rental of £14,000 per annum. An incoming tenant will need to provide the usual bank and trade references for landlord's approval. It should be noted that our clients live off the premises and in recent years have let the flat out separately, thus providing a lucrative income to offset the main rent of £680 per calendar month. This agreement could be continued or the property can be offered with vacant possession for an owner/occupier.
The business website: http://south16.co.uk/
The accommodation briefly comprising:
MAIN FISH & CHIP SHOP TAKEAWAY Internal width 29' (8.84m) X 16' (4.88m) Internal depth. With a curved counter servery, full mirror wall to one side, main entrance door and fully glazed window. To the front is a 3 pot bain-marie, scuttle serving pan, usual equipment, main serving counter with computer till, hot cabinet, main pizza oven which is a double tray oven and pizza servery area. Access to
REAR FRYING RANGE AREA A Kiremko gas fired frying range, the double deep fat fryer, upright fridge, one fridge freezer, one upright freezer and four pan frying range. Second door to front.
PREPARATION AREA/ KITCHEN 12'10" x 10'10" (3.91m x 3.3m). With double drainer stainless steel sink unit, hot and cold mixer tap, dishwasher, usual shelving, upright fridge, stainless steel preparation tables, microwave, double griddle and door to outside.
RESTAURANT 37'5" X 15'6" MAX (11.4m X 4.72m MAX). With seating comfortably for 44, with four radiators, 10 wall light points, main serving counter with shelves over, second computerised till and under stairs storage cupboard.
LADIES CLOAKROOM With lobby and low level toilet
GENTS CLOAKROOM With lobby and low level toilet
PRIVATE ACCOMODATION Approached from the restaurant if required or approached from the rear courtyard.
GROUND FLOOR LOBBY
L-SHAPED LOUNGE DINER
LOUNGE AREA 14' X 9'9" (4.27m X 2.97m). With archway to
DINING AREA / BEDROOM THREE 10'5" X 7'2" (3.18m X 2.18m).
BEDROOM ONE 12'8" X 14 (3.86m X 14). With radiators.
BEDROOM TWO 8'8" X 11'6" (2.64m X 3.5m). With radiators and window to the rear.
PRIVATE KITCHEN 8'1" X 11'1" (2.46m X 3.38m). With wall mounted central heating boiler, range of work surfaces and sink unit.
SHOWER ROOM WC With low level toilet, wash hand basin and shower cubicle.
AGENTS NOTE The apartment is currently a 2 bedroom apartment but has in the past been a 3 bed apartment and subject to landlords approval the lounge could be rearranged to split into a separate bedroom providing 3 bedrooms if required.
OUTSIDE To the rear is a gravelled courtyard, freezer room, preparation room and barn for storage. There is no parking for the property, but nearby is Caen Street car park and local businesses can apply for a permit at a preferential rate. The property is pavement fronting, located just off the main village square and central traffic lights and has well illuminated signs for ease of visibility and recognition.
SERVICES Mains electricity, 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 £7,800 UBR, as of April 2017, 47.9p 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.
COUNCIL TAX BAND B
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.uk http://list.english-heritage.org.uk