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High Quality Daytime Only Licensed Cafe & Restaurant

Sidmouth, Devon
Leasehold Price:
£140,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
243650
Reference
2102 / Rightbiz

Details

THE PROPERTY
Browns' Kitchen is a thriving and well-regarded licensed café and restaurant trading daytimes only and presented to an extremely high standard throughout, having been recently refurbished. The business offers potential for incoming operators to increase the current daytime only opening hours and to introduce evening openings. The sale of Browns' Kitchen also offers undoubted potential for new owners to build on existing levels of trade and to develop the style of trade to suit their own personal requirements and take advantage of this highly desirable catering business with an established trade and excellent reputation in a prominent high street location within this highly sought-after East Devon coastal town. The premises briefly comprise:- attractive split level Customer Dining Area comfortably seating 36 customers; Conservatory Dining Area comfortably seating 18 customers; Enclosed Rear Trade Garden providing al fresco seating for 10 customers; fully equipped Commercial Catering Kitchen with extensive ancillary and welfare facilities. There is also a Private Owners Car Parking Space to the rear. 

SITUATION
Browns' Kitchen occupies a lucrative and prime trading position with a visible frontage within the main High Street in the much sought after and highly regarded coastal resort town of Sidmouth, probably one of the busiest tourist locations in East Devon. The attractive East Devon Regency coastal resort town of Sidmouth is an extremely affluent town, situated on the Jurassic Coast in an area officially designated as a World Heritage Site by UNESCO. With a resident population of approximately 15,000, which is boosted considerably by visitors to the town throughout the year, and particularly during the summer months, Sidmouth is situated around 12 miles from the City of Exeter with access to the M5 motorway, which provides excellent communication throughout the country. This exclusive coastal resort is particularly renowned for its Folk Week, whereby businesses enjoy a huge trading boost. The sale of Browns' Kitchen represents a unique opportunity to purchase a busy and well-regarded business in an excellent trading position with impressive levels of trade and with genuine potential for further growth and development. 

INTERNAL DETAILS
Character Georgian style double window frontage with recessed part glazed central entrance door with illuminated overcanopy above into Main Customer Dining Area. An attractive and deceptively spacious split-level dining area with feature glazed atrium roof, parquet flooring, painted part wood panelled walls, wall mounted menu boards, ceiling fan, feature lighting, free standing tables, upholstered metal framed chairs, sofa and armchairs comfortably seating 36 customers. 

Customer Servery & Waitress Station painted timber fronted with fitted rear counter with display shelving units above, cake display cabinet, menu boards, EPOS touch screen cash register with printer link to the kitchen, commercial coffee machine, coffee grinder, coffee filter machine, Lincat hot water boiler, undercounter freezer, undercounter fridge and upright glass fronted bottle fridge. Still Area with parquet flooring, twin bowl stainless steel sink unit with storage cupboards below, commercial dishwasher, wall shelving. Rear Hallway with Customer WCs. Garden Room Dining Area. A conservatory style room with wood laminate flooring, windows and doors to rear overlooking the rear courtyard garden area, sail sun blinds, ceiling fan, freestanding tables, upholstered metal framed chairs and sofa comfortably seating 18 customers.

Commercial Catering Kitchen with non-slip flooring and easy lined walls, fitted with a comprehensive range of commercial catering equipment to include:- 6-burner gas range, extractor system with stainless steel canopy over, 2 single table top deep fat fryers, grill, warming cabinet, stainless steel worksurfaces, stainless steel wall shelving, under counter fridge, 3 microwave ovens, twin bowl stainless steel sink unit, stainless steel hand basin, 2 upright commercial fridges, dishwasher, upright commercial freezer, chest freezer and racked shelving. Prep Area used for sandwich preparation with wood flooring, part tiled walls, worksurface, wall shelving, and under counter fridge. Stairs from the kitchen lead to a Mezzanine Floor which provides additional useful storage and office space, with chest freezer, 2 under counter freezers, 2 upright fridges, fridge freezer, hot water boiler, wall shelving, racked shelving and store areas. 

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS
A feature of this business is the Enclosed Gravelled Courtyard Terrace with tables and chairs providing al fresco seating for 10 customers. Beyond this is a bin store area, a gas store area and an owner's Private Car Parking Space with double gates opening to the rear. 

THE BUSINESS
Brown's Kitchen is a busy and well-regarded licensed café and restaurant, which currently trades on a daytime only basis. Presented in excellent order throughout, the business boasts extremely impressive levels of trade and benefits from a lucrative and prominent High Street trading position and the premises have been established as a daytime café and restaurant for many years. Through personal choice, our clients trade the business on a daytime only basis as a licensed café and restaurant. The popular menu ranges from breakfasts, hot and cold alcoholic and non-alcoholic drinks, morning coffees, lunches, light bites including sandwiches to eat in or takeaway, afternoon teas with a selection of homemade cakes and a popular Sunday brunch. With the emphasis on quality, freshly prepared homemade dishes using the best possible locally sourced produce, our client's source all produce locally wherever possible and all cakes are home made on the premises. This attention to detail ensures that the business enjoys excellent levels of year-round regular trade and an excellent local following, not only from Sidmouth, but the surrounding towns and villages, together with a seasonal boost during the peak summer months. The business benefits from a 5-star food hygene rating. The business is active on social media and has a website www.brownskitchen.co.uk which provides further background information and menus. An internal inspection is essential in order to fully appreciate the high standard inherent throughout all aspects of this business. 

TRADING INFORMATION
Accounts for the year ending 31st March 2019 shows sales of £340,228 net of VAT producing impressive and growing net profits. Full detailed accounting information can be made available to interested parties following a formal viewing appointment. 

OPENING HOURS
The business trades Monday to Friday from 8:30am until 4:00pm, Saturday from 8:30am until 4:30pm and Sunday from 8:30am until 3:30pm.

CURRENT STAFFING
The business is run by our clients, a mother and daughter partnership, with the assistance of 3 full-time and 10 part-time members of staff. Full details available upon request. 

POTENTIAL
Our clients advise that there is potential to increase the current trade levels with opportunities for further marketing and advertising initiatives and without any shadow of a doubt, there is an opportunity to extend the current opening hours, particularly by opening during the evenings, especially during the main summer season. There is also the potential for incoming operators to develop their own style of cuisine and trade in a manner to suit their own personal requirements and take advantage of this established business in a prominent trading position. Browns' Kitchen represents a unique opportunity to purchase a lucrative business with a well-established trade in the stunning and much sought-after honeypot trading location. Our clients are prepared to offer a full handover and training to interested parties, should they require it. The sale of Browns' Kitchen represents a rare opportunity to acquire a high-quality licensed catering business in a most sought after and desirable resort town and new owners will benefit from being able to move in without the need for any major expenditure on the premises. Coupled with this, the business enjoys good levels of year-round trade plus a substantial boost during the summer season and an early appointment to view is recommended in order to fully appreciate all that this high-quality business has to offer. 

EPC
F (126).

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

SERVICES
All mains services, with the exception of mains gas, are connected to the subject property. LPG is used for cooking. 

PRICE & TENURE
£140,000 for the valuable leasehold interest as a going concern business and full trade inventory.  Wet and dry stocks to be additional at valuation.  

The business is held on a 12 year lease which commenced in 2012 with a current rent of £18,000 pa. We are advised that the lease is fully renewable at the end of the current term. Full details are available upon request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262. Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing.  We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.

Seller Details
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Listing Details
Leasehold Price: £140,000
Tenure: Leasehold
Location: Sidmouth, Devon
Sector: Cafes, Restaurants
Financials
Annual Turnover: £340,228
Key Features
  • Town Centre location
  • Accounts Available
  • Prime Location
Listing Statistics
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