Extremely Profitable High Quailty Devon Town Restaurant & Cafe Bar With Accommodation

  • Leasehold Price: £189,500
  • Annual Turnover: £520,841
Tavistock, Devon, England
Seller Ref:2144
For Sale

Extremely Profitable High Quailty Devon Town Restaurant & Cafe Bar With Accommodation

Tavistock, Devon, England
Seller Ref:2144
  • Leasehold Price: £189,500
  • Annual Turnover: £520,841

Overview

Seller Ref: 2144

Description

An extremely impressive and well-presented licensed bistro and restaurant which has been in the current ownership since 2013. This thriving and well-regarded business is presented to an exceptionally high standard throughout and has benefitted from considerable on-going investment and expenditure by our clients during their ownership. Consequently, the business provides a superior working environment which is exceptionally well equipped. The sale represents a fantastic opportunity to purchase an extremely profitable and highly desirable catering business. The character premises are within an attractive Grade II listed property and offer a blend of character features combined with modern contemporary furnishings and décor, being purpose equipped and fitted to a high standard throughout.

Leasehold Terms:
The premises are available by way of a 12 year, fully repairing and insuring lease, with a schedule of condition in place. The lease commenced in early 2022, at the current rent of £40,000 per annum, with rent reviews every 3 years.
Number of Employees:
The restaurant is run with a full team in place to include; a full time manager, 3 full time chefs, 2 full time front of house staff, 5 part time waitresses, a part time chef and 3 part time KP’s. The sale will be subject to Transfer of Undertakings (Protection of Employment) Regulations (TUPE).
Number of Bedrooms:
1
Location Details:
A prime town centre trading position within the heart of the thriving market town of Tavistock. Tavistock is an appealing, sought after and popular ancient stannery town, set on the western fringes of Dartmoor National Park. The town is rich in history and tradition, leading back to the 10th Century and famed for being the birthplace of Sir Francis Drake. Tavistock offers a superb and wide range of shopping, recreational and educational amenities with a mixture of national and independent retailers, a popular pannier market and the sought-after Mount Kelly School. The town is a most popular and appealing destination, as well as serving an active resident town population and various smaller outlying communities. Tavistock straddles the River Tavy and borders with Dartmoor National Park which attracts many thousands of visitors each year and is the perfect base from which to explore the spectacular landscape of Dartmoor and the Tamar Valley. The historic maritime city of Plymouth is around 15 miles south.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
NA

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