Other Pubs for sale in Torrington

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Ian McGregor (Nov 2013)
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Leasehold Price: £69,999 Annual Turnover: £200,000
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Business Description
• Popular North Devon Public House
• Separate Bars and Dining Room
• Good sized customer patio style beer garden
• Customer car park
• Excellent turnover and profits
• Spacious owners accommodation

Falcon Commercial is delighted to offer for sale this popular well-presented Public House with Restaurant which benefits from spacious owner’s accommodation as well as courtyard beer garden and customer car park. It has been under the proud ownership of our clients since 2006 during which time the business has seen considerable growth. It is now reluctantly being placed on the market due to our client’s ill health. During their stewardship the business has built up an excellent reputation for its welcoming atmosphere and good food.

Operating from substantial landmark premises of real charm and character, the business currently offers a full and varied menu of classic a la carte hot and cold café and restaurant meals, side orders, desserts and beverages, all prepared freshly to order in its extensively equipped catering kitchen and served in the very pleasant surroundings of a tastefully furnished and appointed dedicated dining area, which can accommodate up to 40 covers in style and comfort with numerous additional general bar and external covers also available.

The Cavalier Inn is run by our clients with help from a dedicated team of staff. The business generates an excellent turnover in the region of £225,000 per year and enjoys consistently high gross profit margins. This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

The Premises
This substantial character landmark premises occupies an outstanding highly visible trading position in the centre of this popular North Devon market town and provides excellent internal and external business accommodation. The extensive first floor accommodation has 2 bedrooms and the benefit of 2 en-suite letting rooms. The well-presented and equipped accommodation briefly comprises:

Ground Floor
• Entrance porch
• Main Bar which has a wealth of beams and exposed brick work. There is a Wooden faced bar servery with several points of dispense, coffee machine and Epos till system. Darts area
• Second Bar area with Wooden faced bar servery with several points of dispense and Pool Table
• Dining Area which has approximately 40 covers and also incorporates a portable skittle alley.
• Restaurant which is set for approximately 40 covers and has doors that opens out onto the courtyard beer garden.
• Pool room 1 containing a pool table and darts area
• Pool room 2 which has a pool table and juke box style sound system
• Ladies Toilets
• Gents Toilets
• Well fitted commercial catering kitchen with extraction containing an array of well-maintained catering equipment
• Laundry Room
• Freezer room
• Cellar

First Floor
• Lounge
• Office
• Double Bedroom
• Double Bedroom
• Bathroom

First Floor Accommodation Continued
• Letting Room 1 – Double with en-suite
• Letting Room 2 – Double with en-suite
• Store room
• Toilet

External
• Well maintained and furnished patio-style public beer garden area to the rear
• Car park
• Private roof garden
• Storage shed

Business Details

Turnover
• £200,000 Per year

Sales Split – 80% wet 20% food

Stock - The business stock value is approximately £5,000.

Staff - Mix of full and part time

Tenure – The business is offered with the benefit of a secure lease to suitable applicants. The length of the lease is 21 years with 4 years remaining. Current rent Payable is £22,500 per year.

EPC Rating - EPC Rating: C

Business Rates
Business rates payable: £9,000 pa
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Planning
Potential tenants are advised to make their own enquiries to Torridge District Council Planning Telephone 01237 428700or email planning@torridge.gov.uk

Legal Costs
Each party to bear their own legal costs incurred in the transaction.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Finance
Please contact us to discuss the finance opportunities for this business. We work with commercial mortgage brokers and high street lenders. If you have finance in place its always wise to get and alternative quote!

Location
The historic Town of Torrington offers a complete range of amenities including 4 Banks, a Post Office, 2 Health Centres, Cottage Hospital and both Primary and Comprehensive Schools. There are a good selection of sporting and leisure facilities within the area including a 9 hole golf course, swimming pool, sports hall and the nearby Tarka Trail for walking and cycling. The town centre of Great Torrington is of immense character being closely linked with the Civil War and consequently the town has built on this by the provision of a large museum centrepiece adjacent to the town’s main car park, the Torrington 1646 Civil War Experience with other tourist attractions locally including the RHS Gardens at Rosemoor, Dartington Crystal and the Plough Arts Centre. Most of the shops and stores within the town centre itself are individually owned and there is a very loyal and supportive following for the traders which is enhanced by a lively community spirit. The ancient Port and Market town of Bideford is approximately 6 miles distance and the regional centre of North Devon, Barnstaple is approximately 11 miles.
Tenure: Leasehold

Leasehold Term:

The business is offered with the benefit of a secure lease to suitable applicants. The length of the lease is 21 years with 4 years remaining. Current rent Payable is £22,500 per year

Listed by: Falcon Commercial
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