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SMALL CARVERY & TAKEWAY – Burnham on Sea

Burnham on Sea, Somerset
Leasehold Price:
£29,950
Status
FOR SALE
Advert ID
216348
Reference
SW1453 / Rightbiz

LOCATION:

Burnham-on-Sea has always been very popular with visitors from the Midlands particularly, given the easy access via the M5, many coming year after year before deciding to move to the town when they retire.  This demographic group tend to avoid the peak summer holidays and school breaks which means that the resort enjoys a good trade throughout the year with an obvious seasonal uplift from families coming for the popular beaches and abundant self-catering accommodation in addition to those who bring their own caravans, campers and tents.

 

Tickle Your Taste Buds is located at 12 High Street, Burnham-on-Sea, Somerset, TA8 1PA.

 

The vendor asks particularly that on no account should a direct approach be made to the business please but that all enquiries should be directed to Adams & Co who will be pleased to supply information and answer questions as required.

 

BUSINESS:

This somewhat unusual High Street catering business comprises a sandwich bar and takeaway accommodating 16 dining covers as presently arranged, but with space to add 5 or 6 more if desired.  The simple menu includes the usual combination of breakfast options, sandwiches, baguettes, jacket potatoes, salads, soups, homemade English favourites such as sausage and mash, faggots, cottage pie etc., as well as teacakes, desserts and hot and cold beverages, but the business has successfully developed an excellent reputation for carvery roasts, both to eat in or takeaway for consumption in self-catering accommodation and for which demand is high.

 

The premises are quite small with customers often prepared to queue until dining covers become available in view of the excellent reputation, value for money pricing and 5 star hygiene rating.  There is a significant passing trade given the prominent corner location in the heart of the High Street and the location of the carvery, which is highly visible via the front window is particularly appealing to passers-by as well as regular customers.

 

Rent is modest and with no business rates to pay running costs are modest and this would appear to be an ideal opportunity for a hard working couple to acquire a catering business with potential to add some additional seating, extend opening days/hours and perhaps to offer deliveries.

 

Opportunities such as this are rare and interested parties are encouraged to move quickly.

 

YEARS ESTABLISHED:

We understand that the business has been established in this location and in its current format for more than 20 years.

 

The vendor acquired the business in 2008.

 

TRADE:

Please note that if a business is VAT registered, all figures exclude VAT.

Until recently the business was Vat registered (all figures up to and including the year ended 5 April 2017 show performance, net of Vat) but the vendor decided that a reduction in working hours was desirable for family reasons and chose to close on Mondays and reduce opening hours. 

 

This enabled her to deregister from Vat and has resulted in a reduction of turnover to c £70,000 for the year ended 31 March 2018 (management figures are expected shortly) but without a reduction in profitability – many business owners with gross turnover in the range £85,000 to £100,000 actually find it is more profitable to reduce turnover and deregister from Vat and there is also the obvious benefit of more simplistic accounting.

 

More detailed financial information will be made available upon completion of a form of confidentiality agreement and following a brief discussion with Adams & Co as to background, reason for interest, financial position and ability to proceed.

 

REASON FOR SALE:

The vendor has recently become a grandmother and wishes to devote more time to her family.

 

STAFF:

The business is currently run by the vendor, who works full-time, 6 days per week, supported by three part-time staff, one of whom is a relative (working 4 days per week) and who is expected to choose to leave at the time of the sale.  One works 2 days per week but is happy to work additional hours when required and the other is a washer-upper who works Saturdays and Sundays each week and is currently training to help with other duties.

 

OPENING HOURS:

Tuesday to Sunday: 9.30/10.00am to 3.00pm

Monday: Closed

 

Until April 2017 the business traded 7 days per week and opened longer hours each day – please see additional comments under the ‘Trade’ section above.

 

BUSINESS PREMISES:

(all sizes are approximate & should be considered 'nominal'.)

The premises occupy the ground floor of a property standing in a prominent corner position in the High Street.  Above the commercial part there is a privately owned flat/maisonette with a roof terrace at the top level which does not form part of the business being sold.

 

The front elevation comprises an almost full height and large display window alongside a half-glazed entrance door, both set in a wooden frame under a retractable canvas sun canopy with prominent signage over.

 

The side elevation incorporates a further full height display window comprising twin panels under further street signage as well as a smaller leaded light style window in the seating area and a half-glazed wooden door offering independent access from/to the commercial kitchen.

 

With a small step up from street level the front door opens to:

 

Open Plan Takeaway & Dining Area (7.0m x 3.5m max approx.)

Inset doormat. Carpeted. Fluorescent lighting. 3 x overhead ceiling fans (one isolated given location above the chiller unit).

Roller blinds fitted to the windows on the side elevation. Smart meter linked to the electricity supply.

 

2 x wooden benches in the takeaway area offering seating for 3-4 people and often used by customers happy to wait for covers to become available in the dining area. Wooden unit standing in the front window area with ceramic tiled surfaces accommodating a Parry stainless steel carvery unit with lighting gantry over which is highly visible from the street. Open storage under. 

 

The counter servery area comprises one tall wooden unit with ceramic tiled surface, accommodating on the staff side a Casio electronic till, a glazed chiller cabinet and a further counter area with roll-edged surface, refrigerator under and dessert menu blackboard on the side facing the seating area.

 

To the rear of the serving area roll-edged work surfaces accommodate a Lincat 4 pot bain-marie (new 2018), a stainless steel hot cabinet, a Swan water boiler (new 2017), freezer, open storage space under and combination of stainless steel and wooden wall shelving over, part of which accommodates a microwave oven. Electrolux tall refrigerator. To one end of the area and concealed from view is the mandatory stainless steel hand wash sink with hot and cold water supply and soap dispenser over.

 

The dining area, with 1/3rd height wooden wall paneling and high level corner mounted menu blackboard, is arranged to offer 16 covers.  Two fitted tables with a combination of soft bench seating and chairs provide 8 covers and 4 smaller wooden tables with suitably matching chairs provide the remaining 8 covers.  The vendor points out that the bench seating in the takeaway area inside the display window to the side elevation could easily be replaced by a coffee bar type surface with stools to offer up to 6 additional dining covers.

 

To the rear a wooden door gives access to a small lobby.  Behind the door full height fitted wooden cupboards accommodate a water tank with immersion heater and offer some useful storage space.  Immediately to the left a further wooden door opens to:

 

Customer and Staff WC

Ceramic tiled floor. Wall mounted ceramic wash basin with tiled splash back, electric water heater, soap dispenser and paper towel roller over. Low flush WC. Extractor fan. High level wooden shelf to one side.

 

From the lobby a bead curtain obscures a sapele door giving access to:

 

Commercial Kitchen (c 7 square metres)

Non-slip floor covering. Fluorescent lighting. Part tiled walls. Half-glazed wooden door to side elevation with internal security bars fitted offers emergency access to the street. Gas meter. 2 x electric ovens and 4 ring gas hob under small extraction unit vented to the side wall, stainless steel splash panel to rear and spacious stainless steel work surface over the cookers and an Ice King freezer. Wall shelving accommodates 2 x microwave ovens.

 

Double stainless steel sink unit with twin drainers, tiled splash back, open storage under and stainless steel shelving over and also to the adjoining wall. Wall mounted ceramic hand wash basin. A further stainless steel table accommodates a commercial toaster. Further stainless steel shelving over. Telephone point. Portable cooling fan. A wooden door (less than full height) to the back corner opens to reveal a useful pantry area with tiled floor and freestanding stainless steel shelving.

 

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'.)

None

 

LEASE TERMS:

The premises are held under the residue of a 5 year lease, drawn on shop front and internal repairing terms and an insuring responsibility (premium c £221 payable March annually).  Rent of £8,000 pa is paid via 4 x quarterly instalments of £2,000 on the legal quarter days in March, June, September and December.

 

The lease is not a secure lease within the meaning of the Landlord & Tenant Act which means there is no automatic right of renewal.  However, we understand that the landlords are long term property investors with a portfolio of commercial properties and it is anticipated that the purchaser will wish to negotiate a new 5 year lease at the time of purchase.

 

ENERGY PERFORMANCE RATING:

Energy Performance Certificate No: 0191 2693 1730 7800 8803

Energy Performance Asset Rating: 94 Category D

Listing Details
Leasehold Price: £29,950
Tenure: Leasehold
Location: Burnham on Sea, Somerset
Sector: Sandwich Shops, Take Aways Businesses, Cafes
Financials
Annual Turnover: £70,000
Annual Net Profit: Available upon request
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: SW1453 / Rightbiz

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