The Chattery is a thriving and extremely well-regarded café, coffee house and restaurant, which is presented to a high standard throughout, benefiting from considerable investment over recent years. The business offers potential for incoming operators to purchase an attractive and sought-after business with the benefit of an impressive self-contained 2/3-bedroom owners' apartment. The business enjoys an excellent reputation with both locals and visitors alike and has been purposefully fitted and equipped to a high standard throughout with a modern contemporary feel. The attractive premises briefly comprise: - Main Café/Restaurant Area comfortably seating 40 customers with a Covered Terrace to the front providing alfresco seating for a further 8 customers; substantial Customer Servery Area; fully equipped Commercial Catering Kitchen and various ancillary facilities; spacious and well-presented Self-Contained, Family Sized 2/3 Double Bedroom Owners Apartment with Sitting Room, fully fitted Kitchen, Bathroom, Separate WC and Private Roof Terrace Area. The property also benefits from Private Parking and a Garage/Store Room. The sale of The Chattery offers undoubted potential for new owners to build on the existing levels of trade with opportunities to develop the style of trade to suit their own personal requirements and take advantage of this highly desirable catering business in a prominent High Street location within this highly sought-after East Devon coastal town
The Chattery occupies a lucrative prime trading location with a visible frontage within the main High Street in the much sought after and highly regarded coastal town of Sidmouth, probably one of the busiest tourist locations within East Devon. The attractive East Devon Regency coastal resort 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 communications throughout the country. This exclusive coastal resort is particularly renowned for its folk week, whereby businesses enjoy a huge trading boost. The sale of The Chattery represents a unique opportunity to purchase a busy and well-regarded business in an excellent trading position with strong levels of trade and with genuine potential for further growth and development, combined with a particularly impressive self-contained owners' apartment.
Glazed character double frontage with recessed glazed double entrance doors to front opening into Main Café/Restaurant Area an attractive dining area with laminate flooring, free standing tables with matching high-backed leather chairs comfortably seating 40 customers, wall mounted menu boards, ceiling fan. Bar Servery solid wood fronted and topped with EPOS cash register, coffee machine, coffee grinder, 4 single glass fronted bottle fridges, hot water boiler and associated back bar fittings. Through to the Rear Lobby providing access to raised Commercial Kitchen with non-slip flooring and easy wipe cladding/stainless steel lined walls, fitted with a comprehensive range of commercial catering kitchen to include: - 6-burner range, twin panini machine, eye level grill, 2 double deep fat fryers, 2 commercial microwave ovens, 4 pot bain-marie, 3 under counter fridges, range of stainless-steel workbenches. Adjoining Preparation Room with Altro flooring, tiled walls, twin bowl stainless steel sink unit, hand basin, stainless steel workbenches and wall shelving. From the rear lobby, access is gained to the Lower Still Area/Washup Area with dishwasher and washing machine. Also, on the lower level of the premises are the Ladies & Gents WCs and Rear Entrance Hallway providing additional storage with door to the rear of the property.
Situated above the premises and being totally self-contained with its own independent access, is the spacious and extremely well-presented Owners Apartment which briefly comprises: - Entrance Lobby with stairs to first floor. Spacious L-shaped Hallway. Lounge a spacious room with feature window providing access to front with far reaching views and fireplace with gas fire. Kitchen fitted with a range of modern base units and wall storage units and complementary worksurfaces with 4-ring cooker. Bedroom 1 a good-sized double room with aspect to front and far reaching views. Bedroom 2 again a good-sized double room with aspect to front and far reaching views. Bedroom 3/Dining Room a double room with aspect to rear which benefits from an interconnecting door with the kitchen. Family Bathroom with shower over bath. Separate WC. The windows to the front of the apartment have all recently been replaced with double glazed units. The apartment is currently let out and generates an income of £675 per calendar month (£8,100 per annum).
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.
To the front of the property is a Raised Terrace providing alfresco seating for 8 customers. To the rear of the property is owners Private Car Parking for 1 vehicle, a useful Garage containing additional fridges and freezers and a tumble dryer. At first floor level and accessed from the apartment, is the Private Roof Terrace which extends to the full length of the property.
The Chattery is a well-known café, coffee shop and restaurant which has been in existence for around 40 years and has an established reputation and strong following. Presented to an extremely high standard throughout, the business boasts excellent levels of regular year-round trade and benefits from a lucrative and prominent trading position in the town centre, adjacent to numerous complementary businesses and an easy walk to the main seafront. The Chattery offers a selection of coffees, teas, hot chocolates, soft drinks, smoothies and milk shakes and a menu to include main meals, sandwiches, paninis, wraps, tea cakes, light bites, soup, salads, jacket potatoes, toasted sandwiches, traybakes, cakes, as well as afternoon teas to include the popular Devon Cream Tea. There are also daily specials and vegan friendly options. The business offers both eat in and takeaway options. The Chattery enjoys excellent levels of trade with an impressive local following, not only from Sidmouth, but also from the surrounding towns and villages. The business benefits from a 4.5 Star Food Hygiene rating and benefits from numerous excellent reviews on TripAdvisor, being number 3 of 48 restaurants in Sidmouth (as of May 2019). The Chattery has an impressive reputation and won The Sid Valley Business Awards, hospitality - tea rooms, coffee shops and tourist stops award in 2018. The business also benefits from an active and strong Facebook following of around 800 people. The premises have been fastidiously maintained by our client and consequently the business is extremely well equipped and well-presented throughout. A viewing appointment is essential to fully appreciate the high standards inherent throughout all aspects of this business.
We are advised that sales for the year ended 30 April 2019 were £197,598 excluding VAT. Further detailed accounting information can be made available to interested parties following a formal viewing appointment.
Our client advises that there is potential to increase the current trade levels with an opportunity for further advertising, marketing and promotion. There is also the opportunity to extend the current opening hours, particularly by opening into the evenings, year-round and develop a bistro style menu in the evenings, if so desired. 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 well-presented business with accommodation in a prominent trading location. The Chattery would best suit a working couple, and this business represents a unique opportunity to purchase a lucrative business with a well-established trade in a much sought-after trading location. Our client is prepared to offer a full handover and training to interested parties, should they so require it. The sale of The Chattery represents a rare opportunity to acquire a quality catering business which is furnished and presented to a high standard and unusually comes with a spacious family sized owners' apartment. New owners will benefit from being able to move in without need for any major expenditure on the premises and coupled with this, the business enjoys good levels of regular year-round trade and an early appointment to view is recommended to fully appreciate all that this catering business and home has to offer.
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.
We are advised by our client that all mains services, are connected to the subject property.
PRICE & TENURE.
£85,000 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.
The business is held on a 12-year lease which commenced in 2010 with a current rent of £20,250 per annum. We are advised that the lease is renewable at the end of the current term.
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262. Email:firstname.lastname@example.org