Caen Street, Braunton, Devon

Restaurant for rent in Devon

Long established sandwich bar
Bold corner location
Close to central village car park
Fully equipped as a going concern, subject to trade inventory and excluding any items of a personal nature
10 Months trading
Takings just below VAT
Scope to increase
Lease for sale
Great lifestyle

LOCATION
In a bold corner position fronting the main road towards the beaches at Saunton and Croyde, close to the large public car park within the village of Braunton. This popular settlement has a population of around 10,000 inhabitants which is boosted throughout the year with the influx of tourists. It is a regular haunt of surfers and holidaymakers exploring the many independent shops and businesses. The village is on the main A39 route towards the unspoilt North Devon coastline, around 8 miles north of Barnstaple and 8 miles south of Ilfracombe.

THE PREMISES
Lock-up premises offering around 235 sq ft of space with return frontage window displays onto the main pavement and is readily accessible from the car park nearby. The premises will be fully equipped subject to trade inventory and excluding items of a personal nature. There is a private staff cloakroom outside just a few yards walk away.

TENURE
Assignment of an original lease dated May 2017 for a period of 10 years at a current rental of £6,600 per annum exclusive. An incoming new tenant will need to supply two trade/professional references for landlord's approval, proof of ID, proof of funds and a CV. The ingoing premium price is £79,500 for the lease, trade equipment and goodwill of the business.      

THE BUSINESS
Having been in the same ownership for the last 20 years this is a genuine retirement sale of this very successful catering establishment. Operating as a sandwich bar and takeaway, opening 10 months a year (closing just before Christmas and opening again for February half term), 6 days a week. Takings are just below VAT level from choice. £82,000 Gross profit, £53,000 net profit £35,000. Opening hours are 9am to 3pm with scope to increase!

Ground Floor

Shop 15'2" x 15'4" (4.62m x 4.67m). Comprehensively equipped with main counter servery, cold glass fronted salad display cabinet, warm pasty cabinet, fridge freezer, electric till, coffee machine, turbo fan oven, large contact grill, panini machine, double griddle, extractor unit, wall mounted electric cupboard, upright cold drinks cabinet, chest freezer, sink unit, hot water dispenser, ceiling strip lights, small ceiling spot lights etc. Fully equipped subject to trade inventory, excluding items of a personal nature.

Outside Cloakroom    Just a few yards away past the cottages private cloakroom

SERVICES    Mains electricity, water and drainage. No gas. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk

TENURE    Leasehold.

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    £4,950 UBR, as of April 2023, 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.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

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 347 888.

From Webbers Offices on The Square in Braunton cross over into Caen Street and proceed down the road past the Slees Home Hardware Store and the premises can be found on the left hand side after about 100 yards, just before the main village car park.

Important information

Property Ref: 55707_COM240023_L