0 Bed Restaurant For Sale

LOCATION

Braunton is a popular place to live, work and visit, and as such has a lively atmosphere all year round. Though it has a distinct village atmosphere and strong community, its permanent population of around 8,000 helps support a variety of quality restaurants, pubs and shops. Braunton's own natural beauty and proximity to North Devon's beaches and countryside makes it popular with tourists too: Saunton (2 miles), Croyde (4 miles), Woolacombe (5 miles), Ilfracombe (7 miles) and Exmoor (7 miles) are nearby, as is North Devon's commercial centre of Barnstaple (5 miles), and all are reachable by bus. The current Local Plan allows for around 400 new dwellings in the area, along with serviced employment land, key community infrastructure and improved traffic management.



THE SITUATION

The unit is situated on the busy junction of South Street, Exeter Road and Caen Street. The subject premises are adjacent to retail and office users with other occupiers in the immediate vicinity including Co-Op Supermarket as well as leisure operators including a Public House and an award winning Fish and Chip restaurant / take away.



THE PROPERTY AND CONSTRUCTION

Being a ground floor lock up restaurant and cocktail bar that was completely refurbished and fitted in 2022 with the property formerly being a bookmakers. The property now offers stylish surroundings with industrial style lighting and pipework, resin flooring and bespoke hand drawn art. Currently the restaurant extends to 1,032 sq.ft (96 sq.m) with approximately 54 covers and double doors to covered alfresco dining with further garden space with covers for approximately 100. It is thought both the inside and outside spaces could be set to seat further customers if desired. The commercial parts are serviced by a return bar servery, commercial kitchen with pot wash area and refurbished customer toilets. There is further covered cooking space within the garden area where a wood and gas fired pizza oven is located.



THE PROPOSAL

Our clients are inviting offers for the Leasehold interest and an assignment of the existing 10-year lease at a current rent of £15,000 pa.



THE BUSINESS

Having been operated since 2022, turnover for first full trading yearend was £270,000 with a net profit of £80,000 which was derived from 3-4 evenings operation per week with one of our clients in the kitchen and one front of house. Additional staff include 1-2 chefs and 2 x front house with general service undertaken by 4-5 personnel, dependent on the time of year, including both owners. Operating as a restaurant and cocktail bar, trading days and hours could easily be extended as our clients only trade 3 nights per week due to having a young family. The business has many 5* Trip Advisor reviews with an 'Excellent' rating of 4.8.



THE STOCK

Any current stock to be purchased at valuation upon completion.



THE INVENTORY

The property is sold with the benefit of a detailed inventory of trade fixtures, fittings and equipment.



LICENCE

The property is sold with the benefit of a Premises Licence.



VAT

Payable, if applicable, at the prevailing rate.



ENERGY PERFORMANCE CERTIFICATE

Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.



THE ACCOMMODATION (comprises)



GROUND FLOOR



MAIN RESTAURANT

Single fronted window and entrance door, GIA 1,032 sq.ft (96 sq.m) concrete resin flooring, industrial style lighting and pipework, feature drawn artwork, table and chair seating plus high top table and stool seating, covers for 54 but could be set for more, bay window, radiator heating, return bar servery with chiller fridge, glass washer, stainless steel wash hand basin, worktop, under counter mini remote 4 beer system, till system, milk fridge, Conti coffee machine (leased)



COVERED ALFRESCO DINING

Within brick paved garden area, lighting, music speakers, table and chair seating for 26 covers



GARDEN AREA

Brick paved garden area, servery with wood / gas fired pizza oven with saladette and chiller, picnic style seating for 24 covers. Fenced garden area with polytunnel used to produce herbs and vegetables for use within business



KITCHEN

Extraction canopy system, turbo convection oven, commercial freezer double commercial fridge, 6 burner gas top, deep fat fryer, hot cupboard, 3 compartment chiller, griddle, induction hob, non-slip flooring, double drainer sink unit, dishwasher, Blue Seal stand mixer, gas boiler, single phase electrics



TOILETS

Cloakroom with tiled flooring, radiator heating, 2 x wash hand basins, 2 x Dyson hand driers, 2 x low level w.c's



IMPORTANT NOTICE

JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:

1. The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract. Prospective purchasers should seek their own professional advice.

2. All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.

3. No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.

4. No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.



PROPERTY MISDESCRIPTIONS ACT 1993

1. All measurements are approximate.

2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.

3. We do our utmost to comply with this Act in full. However we are also trying to represent our clients' properties in their high possible light, as such we may use summer photographs to promote some properties.



VIEWING

By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW

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