Dc2149 Lovely Cafe / Tearoom With Accommodation Torquay | | Torquay Devon | | • ATTRACTIVELY LOCATED IN ST MARYCHURCH PRECINCT • 38 INTERNAL AND 12 EXTERNAL COVERS • AVAILABLE FOR THE FIRST TIME IN 18 YEARS • CONSISTENT ALL YEAR ROUND TRADE • ONE BED FLAT OVER OF SPACIOUS PROPORTIONS • VIEWING STRONGLY RECOMMENDED | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72629
ADVERT IMPRESSIONS : 10,095 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £65000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
The business occupies an attractive position in the Fore Street precinct in St Marychurch, Torquay.
BUSINESS:
This lovely café/tea room stands in a most appealing location in a very popular pedestrianised main thoroughfare near Babbacombe and benefits from a consistent all year round trade. Offering 38 internal and 12 external covers and including an unusually spacious, self contained, one bed flat over, the business is available for the first time in 18 years. Delivering very good gross and net profits this represents a perfect opportunity for a committed couple to acquire a solid and predictable income. Offered with a new lease, we feel a viewing is essential to appreciate fully what is on offer.
The traditional menu, which is deliberately structured to appeal to a very loyal elderly clientele, includes cooked breakfasts, a choice of two lunchtime roast meats as well as daily specials, sandwiches, baguettes, paninis, filled jacket potatoes, vegetarian options, traditional hot desserts, ice creams, cakes, scones and a range of hot and cold beverages. The lunchtime roasts are exceptionally popular with bookings taken for sittings at both 12.00 noon and 1pm daily.
The external covers are very popular during the warmer months, the precinct offering a most attractive ambience.
The vendors decided not to retain an alcohol licence although we do not envisage there would be any objection to the granting of a table licence if considered desirable by the new owners.
YEARS ESTABLISHED:
The business has been established for many years, the vendors having acquired it 18 years ago.
TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £125,129 were reported for the year ended 31 March 2011 and averaged £129,879 per annum over a 4 year period peaking at £135,892. The vendors have traditionally closed the business for two weeks each January to permit a family holiday but have decided to remain open during their absence in 2012 as the team of employed staff is regarded as very capable.
Gross profit margins have shown a consistently improving trend reaching 67.8% which assisted delivery of an abridged net profit of £35,189 in the year ended 31 March 2011 after rental income of £100 pw week from the flat is taken into account.
Some wages savings have been made in the past 12 months and although sales are down slightly in 2011/12 in comparison with the previous year the vendors expect the bottom line profit to be unchanged.
The business does not currently open on Sundays but in this location we do feel that this could be a highly profitable option for the future.
REASON FOR SALE:
After running the business successfully for 18 years, the vendors are looking to reduce working hours and have another business opportunity in mind in a non-competing sector.
STAFF:
The vendors each work 5 days and are supported by 4 x part time staff (16 hours each) and 1/2 Saturday girls each working 5 hours.
OPENING HOURS:
Sundays: Closed
Monday to Friday: 9.30am to 4.30pm
Saturdays: 9.00am to 4.00pm
During the summer months hours are extended on a flexible basis dependent upon the anticipated demand on the day.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
This terraced property of brick construction with rendered elevations under a pitched and tiled roof is mainly laid out over 2 floors but benefits from a very spacious cellar.
The commercial premises may be described briefly as follows:
Most attractive frontage with double bay windows and a recessed, largely glazed, entrance door, centrally set, opening into:
Main Dining Area (5.2m x 5.2m plus bays):
• Offering 22 covers as presently arranged
• Carpeted
• Fluorescent lighting
• Wide wooden dado rail
• Chimney breast with feature fire place
• Wooden cupboard and feature high level display shelving
• Bar servery with integral low level display shelving and fitted bottle chiller
• Electronic till
• Work surface to rear with tiled splash back accommodating a Rafaello coffee machine
• Further bottle chiller
An open archway leads to:
Rear Dining Area (3.9m x 3.7m plus alcove):
• Offering 16 covers as presently arranged
• Carpeted
• Attractive wall lighting
• Wall mounted electric storage radiator
• An unused wooden door connects with the private hall serving the residential accommodation
A licence is held from Torbay Council permitting up to 12 external covers in the pedestrianised area immediately outside the premises.
From the Rear Dining Area a wooden door opens to:
WC Facility:
• Vinyl floor covering
• Lobby with electric storage heater and space for cloaks
• 2 x WC cubicles each with low flush WC, wash hand basin with tiled splash back and extractor fan
From the Rear Dining Area a gentle slope rises to a wooden door with obscure glazed panel giving access to:
Commercial Kitchen 3.4m x 3.6m):
• A spacious, well organized, commercial kitchen with non-slip floor and part tiled walls
• Fluorescent lighting
• Range oven with extraction unit over
• Centrally set, stainless steel prep table with storage under
• Stainless steel wall panel to one wall above stainless steel prep surface with fitted cupboards under
• 3 x deep fat fryers
• Wall shelf with 2 x Panasonic microwave ovens
• Steel framed storage unit with Lincat Super Chef grill
• Stainless steel sink unit with fitted cupboard under
• Roll edged work surface with tiled splash back, matching shelf below and wooden shelving over
• 2 x commercial toasters
To the rear of the Kitchen a single step up leads to:
Prep Room 1 (5.0m x 1.9m):
• Sloping ceiling with wooden skylight to the rear elevation
• Largely tiled walls
• 2 x roll edged work surfaces with wooden shelves over, one with storage cupboard and small freezer under
• 1 x upright freezer
• 1 x upright fridge freezer
• 2 x upright refrigerators
• Ice making machine
• 2 x microwave ovens
• George Foreman grill
Rear Lobby (3.4m x 0.9m):
• Leading to a wooden back door giving access with single step down into a shared rear courtyard leading to the back entrance to the property
• Terracotta floor tiles
• Upright freezer
From Prep Room 1 an open doorway gives access to:
Prep Room 2 (2.8m x 2.0m):
• Large skylight to the rear elevation
• Stainless steel double sink unit with drainer to each side, tiled splash back and stainless steel shelf over
• Winterhalter dishwasher
• Roll edged work surface with tiled splash back and wooden shelving over
• Corner mounted wash basin with tiled splash back, mirror and paper towel dispenser over
From the Kitchen, a single step down into a small lobby gives access to a wooden door interconnecting with the private front hallway serving the residential accommodation at first floor level and also to an open stone staircase with 9 steps descending to:
Cellar (5.2m x 5.9m plus storage area adjacent to stone staircase):
• Full height with central block pillar and concrete floor
• Exposed stonework walls, mainly colour washed
• A large and very useful dry storage space
• Wooden storage racking to one wall
• 3 x commercial chest freezers
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
The premises incorporate a spacious one bed flat at first floor level heated via electric storage radiators.
The flat is self contained with its own front door and comprises a ground floor hallway, from which there is an interconnecting door with the café kitchen, a feature staircase rising to the first floor landing, which gives access to a family bathroom and a large double bedroom to the rear, and a most attractive and spacious lounge and separate fully fitted kitchen to the front elevation overlooking Fore Street. The landing also accommodates a useful storage recess and access to a large loft space.
The flat is of unusually generous proportions throughout and would represent most comfortable residential accommodation for a couple looking to live above the business.
The current owners occupied the flat themselves for 5 years after they bought the business, before acquiring a separate property and the flat has been let to the same tenant for the past 12 years generating an income of £100 per week via an Assured Shorthold Tenancy.
OUTSIDE:
The property benefits from rear access. A service lane off Chilcott Close leads to a secure wooden door which opens into an enclosed passageway leading to a rear yard, shared with the neighbouring business, offering space for refuse pending collection and leading to the back door, which opens into the rear lobby.
Whilst there is no specific parking provision with the lease, the vendors advise that they have always been able to park in the service lane without causing obstruction to other users.
The area is served by plentiful public parking.
LEASE TERMS:
The business is being offered with the benefit of a new lease on full repairing and insuring terms with rent expected to remain at the current level of c £14,000 pa. The self contained flat generates letting income of £100 pw which has served to reduce the net rental for the property to just below £9,000 pa for the vendors in recent years. | | | | | | FOR SALE | | | | | REFERENCE: | DC2149 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
