Restaurants for sale in Woolacombe

View the "Superior and Highly Desirable Coastal Licensed Family Restaurant and Cafe" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Listing our franchise business for sale with Daltons was a simple and effective process. 

Adam Warren (Jan 2017)
View More
Leasehold Price: £225,000 Annual Turnover: £636,453 Annual Net Profit: £233,440
Request Details
Business Description
THE PROPERTY
The Captain’s Table is an extremely impressive and well presented licensed family restaurant and cafe which has been in the current ownership since 1988. This substantial end of terrace property dates back to around the 1900’s and has been modernised and extended by our clients during their ownership. Consequently, the business is presented and furnished to an exceptionally high standard and provides a superior working environment which is exceptionally well equipped. This substantial and impressive business briefly comprises: - attractive Main Restaurant (70+), First Floor Restaurant (30+), extensive and extremely well appointed Commercial Catering Kitchen, with extensive back up and Ancillary Facilities. To the front there is an Alfresco Seating Area on the ground floor for 18 customers and a further First Floor Roof Terrace Area providing customer alfresco seating opportunities. The Captain’s Table Benefits from 3 separate 2 Bedroom Apartments. To the rear of the property is a Private Car Park for 4 vehicles. The Captains Table is an exceptionally well presented and equipped business with particularly impressive profits generated from seasonal opening, just 7 months of the year. A viewing is strongly recommended in order to fully appreciate all aspects of this fantastic business and property and the tremendous potential with which it offers both investors and owner operators, the like of which is rarely seen with a business of this nature.

SITUATION
The Captain’s Table occupies a prominent and prime trading position with extensive sea views, located in West Road within the heart of Woolacombe, North Devon’s premier surfing resort. Woolacombe is recognised as one the UK’s best beach resorts and has been voted the number 1 beach in the UK. The 3 mile long golden sandy beach facing the Atlantic Ocean, makes it one of the UK’s premier surfing spots and the long sandy beach attracts many thousands of holiday makers throughout the year, as well as regular visitors year round attracted by surfing, walking and other recreational facilities which the beach provides. With easy access to other renowned surfing beaches at Putsborough, Croyde and Saunton, Woolacombe is also ideally positioned for investigating the surrounding coast and countryside. From the wild splendour of Exmoor National Park to the natural wonders of Lundy Island or the charm of the nearby villages of Mortehoe and Croyde. Golfers have the choice of two picturesque courses in Woolacombe itself or can take on the challenging championship links course at Saunton. The regional centre of Barnstaple offers a mix of high street names and independent boutique stores and is approximately 10 miles south.

INTERNAL DETAILS
Fully glazed frontage offering panoramic sea views to the front of the property. Glazed entrance door leading into Main Restaurant an attractive and modern contemporary room with air conditioning, tiled flooring, feature wood clad walls, wall mounted menu boards, range of solid wood tables and upholstered benches comfortably seating 70+ customers. Bar Servery fitted with associated back bar fittings and display shelving, with double glass fronted bottle fridge, 2 EPOS touch screen cash registers with handheld tablets and Maitre’D ordering system and printer linked to the kitchen. First Floor Restaurant a particularly attractive air-conditioned room with picture windows and French doors to the front offering stunning sea and coastal views. Stripped wood flooring, feature wood clad walls, feature brick fireplace with inset living flame gas stove, wall mounted menu boards, range of free standing wooden tables, chairs and benches comfortably seating 30+ customers. Roof Terrace Area with alfresco dining opportunities and superb sea and coastal views. Customer WC’s.

Commercial Catering Kitchen on the ground floor is an extensive and extremely well appointed commercial catering kitchen fitted with a comprehensive range of commercial catering equipment. With Altro flooring, stainless steel clad walls, extractor system with stainless steel canopy over, six burner gas range, commercial upright fridge, 3 commercial microwave ovens, commercial grill, stainless steel workbenches with shelving below, six pot bain-marie, chip scuttle, 2 floor standing deep fat fryers, twin contact grill, large flat top grill, small flat top grill, triple floor standing deep fat fryer, under counter commercial fridge, under counter commercial freezer, two drawer commercial fridge, Rationale combi oven, plate warming cabinet, stainless steel hand basin, door to rear, twin deep bowl stainless steel sink unit, electric oven, 3 microwave ovens, two door under counter commercial fridge, wall shelving, three door under counter commercial fridge with saladette over, ice machine and contact grill. Preparation Room with Altro flooring, commercial coffee machine, coffee grinder, coffee filter machine, pass through toaster, three door under counter commercial fridge, stainless steel work surfaces with shelving below, milkshake maker, hot water still, racked shelving, stainless steel wall shelving, under counter commercial freezer and glass fronted wine fridge. Wash Up Area with Altro flooring, part tiled walls, stainless steel deep bowl sink unit, commercial glass washer and commercial dishwasher. Office/Store Room with Altro flooring, double upright commercial freezer, upright commercial fridge, wall mounted combi boiler, 3 chest freezers, upright commercial freezer, upright commercial fridge and wall shelving. Staff WC. First floor Utility/Store Room with 2 double upright commercial fridges, washing machine, tumble dryer and upright commercial freezer. First floor Preparation Room with stripped wood flooring, ice cream freezer, twin Belfast sink set in work surfaces with base cupboards below.

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.

ACCOMMODATION
The Captain’s Table benefits from three separate 2-bedroom apartments, two of which are completely self-contained from the main business premises.APARTMENT 1 on the first floor currently used as staff accommodation and arranged as Bedroom 1 a double room with aspect to the side and rear, Kitchen, Shower Room and Bedroom 2 a single room with aspect to the side.
APARTMENT 2 on the second floor currently used as staff accommodation and arranged as Sitting Room with Kitchenette Area and aspect to the side, Bedroom 1 a double room with aspect to the rear, Bedroom 2 a single room with aspect to the side and Shower Room.
APARTMENT 3 situated within the main property on the second floor and arranged as Bedroom 1 a large double bedroom with built in wardrobes, dual aspect to the front with stunning sea and coastal views and stripped wood flooring. Shower Room. Bedroom 2 a small double room with aspect to the rear. This apartment was previously used as owner’s accommodation in conjunction with what is now the first-floor restaurant area and the adjoining kitchen/preparation room, which could be easily reinstated if so desired.

EXTERNAL DETAILS
The front of the restaurant is a recessed Customer Seating Area with sea views and bench seating for around 18 customers. On the first floor to the front is an enclosed Roof Terrace Area which benefits from stunning sea and coastal views which could be utilised as an alfresco seating area. To the rear of the property is a Private Car Park Area for space for 4 vehicles and Bin Store Areas

THE BUSINESS
The Captain’s Table trades as a seasonal licensed family restaurant and cafe, located in a popular and much sought after North Devon coastal resort and benefitting from stunning sea views. Well presented throughout and extremely well equipped and furnished, The Captain’s Table is an exceptionally profitable and well regarded business. The business trades for around 7 months of the year, closing in October until mid March annually. The Captains Table opens for breakfast, lunch, snacks, cream teas and evening meals with all food homemade and cooked to order, complimented by a selection of daily specials. The business enjoys enviable levels of regular repeat trade, with an excellent following which is greatly enhanced during the busy holiday weeks. The Captain’s Table has been awarded a 5 star food hygiene rating and has a website www.captainstablewoolacombe.co.uk which provides further background, information and menus. The business has been owned by our clients since 1988. The sale of the Captain’s Table represents an excellent opportunity to purchase an exceptionally profitable and extremely well presented and equipped, successful seasonal catering business. A formal viewing is essential in order to appreciate all that this unique business opportunity has to offer.

TRADING INFORMATION
Accounts for the year ending 31st March 2018 show sales of £636,453 net of VAT with an extremely impressive adjusted net profit of £233,440, before the deduction of rent. It should be noted that the business only traded for 7 months during this period, closing in October and reopening in mid March annually. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The trading hours are dependent on the time of year. During the peak season (school holidays) the business trades all day, every day with food being served from 8.30am until 8.30pm, reducing to 6 day a week (closed Wednesday) with food being served from 9.00am until 5.00pm outside of the peak school holiday weeks.

CURRENT STAFFING
The business is run by one of our client’s, in a management/overseeing capacity, with a full complement of seasonal staff being employed. During the peak holiday season, up to 22 staff are employed and this reduces to around 14 members of staff at other times. There are undoubtedly opportunities to run the business under full management, or for hands on owner operators to reduce the current wage bill. Full details available on request.

POTENTIAL
Our clients advise that there is tremendous potential to develop all aspects of the business still further and for future growth in trade. There are opportunities to extend the trading season of the business, particularly at weekends throughout the year. The returns on offer make it viable to purchase the business as an investment and employ management to oversee all aspects of the day to day running of the business and still return impressive profits.

EPC
C – 52

RATING
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.

SERVICES
All mains services are connected to the property.

PRICE & TENURE
£225,000 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 available by way of a new 15 year, full repairing and insuring lease at an initial rent of £85,000 per annum with rent reviews every 3 years. Full detailed terms are to be negotiated. Please contact us for further details.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Trading Hours:
The trading hours are dependent on the time of year. During the peak season (school holidays) the business trades all day, every day with food being served from 8.30am until 8.30pm, reducing to 6 day a week (closed Wednesday) with food being served from 9.00am until 5.00pm outside of the peak school holiday weeks.

Number of Employees: 14-22

Tenure: Leasehold

Location Details:
The Captain’s Table occupies a prominent and prime trading position with extensive sea views, located in West Road within the heart of Woolacombe, North Devon’s premier surfing resort. Woolacombe is recognised as one the UK’s best beach resorts and has been voted the number 1 beach in the UK. The 3 mile long golden sandy beach facing the Atlantic Ocean, makes it one of the UK’s premier surfing spots and the long sandy beach attracts many thousands of holiday makers throughout the year, as well as regular visitors year round attracted by surfing, walking and other recreational facilities which the beach provides. With easy access to other renowned surfing beaches at Putsborough, Croyde and Saunton, Woolacombe is also ideally positioned for investigating the surrounding coast and countryside. From the wild splendour of Exmoor National Park to the natural wonders of Lundy Island or the charm of the nearby villages of Mortehoe and Croyde. Golfers have the choice of two picturesque courses in Woolacombe itself or can take on the challenging championship links course at Saunton. The regional centre of Barnstaple offers a mix of high street names and independent boutique stores and is approximately 10 miles south.

Leasehold Term:
The business is available by way of a new 15 year, full repairing and insuring lease at an initial rent of £85,000 per annum with rent reviews every 3 years. Full detailed terms are to be negotiated. Please contact us for further details.

Website:

Listed by: Stonesmith

Find out more about this business opportunity.

 
* REQUIRED
*
*
*
*
*
*
*
*
*
Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?
You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.
Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
2085
Seller Reference:
You May Also Like...
loading... 
We use cookies to give you the best possible online experience. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. Find out more