Restaurant/cafe for sale in East Street, Ashburton, Devon TQ13

£49,995 (£49,995/sq. ft)
Restaurant/cafe for sale 1 sq. ft*
Interested in this property? Call +44 1392 976635 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Established Day Time Only Catering Business
  • Prominent Trading Position
  • Impressive Levels of Trade and Profits
  • Gross Profits of 64% Being Achieved
  • Opportunity to Develop All Aspects of The Trade
  • Excellent Levels of Repeat Business
  • Additional Outdoor Catering Aspect to The Business

Property description

The property


East Street Kitchen is a ground floor, double fronted lock up premises which are smartly presented and have recently been refurbished. East Street Kitchen is a thriving and well-regarded catering business which is purposefully fitted and equipped and offers an opportunity for incoming operators to purchase a fully equipped and popular business with strong levels of trade, occupying a prominent town centre trading position. Benefitting from low overheads, the property briefly comprises:- Retail/Servery Area with Seating and Food Preparation Area; Catering Kitchen with Preparation Areas; Ancillary Storage Areas and Staff WC.


Situation


East Street Kitchen occupies a prominent trading position within the heart of the thriving moorland town of Ashburton. Ashburton is an appealing and popular ancient stannary town, set on the southern edge of the Dartmoor National Park and which has a wide range of amenities including many independent stores such as a delicatessen, a fish deli, an artisan baker, the renowned Ashburton Cookery School and a range of antique shops that make the town a most popular destination. It also benefits from well-regarded schools, medical and dental services and a strong thriving community. The endless list of recreational opportunities within Dartmoor National Park, the proximity to South Devon’s finest beaches, golf courses and excellent transport communication links, with immediate access to the A38 Devon Expressway, all make Ashburton a highly desirable location. The A38 Devon Expressway provides excellent transport links to the cathedral and university city of Exeter (20 miles), and the historic naval port city of Plymouth (25 miles), with links to the M5 motorway at Exeter and the A30 There are regular rail services to London from Newton Abbot and Totnes.


Internal details


Glazed double frontage with over canopy and central recessed glazed entrance door leading into Retail/Servery Area with Altro flooring, padded window seating, perimeter breakfast bar with seating for 4, upright commercial freezer, upright glass fronted drinks fridge, chest freezer, display shelving and ceiling mounted menu boards. Customer Servery and Preparation Area with serve-over counter, glass fronted hot food warming cabinet, glass fronted serve-over refrigerated display counter, Altro flooring, twin flat top griddles, extraction unit with stainless steel canopy over, stainless steel work benches with shelving below, rear preparation work surfaces with open shelving below, fridge, toaster, wall shelving, electronic epos cash register, Necta bean-to-cup coffee machine, under counter fridge, undercounter freezer and hand basin. Catering Kitchen and Preparation Area with part Altro flooring, Indesit 4 ring gas hob, Blueseal turbo fan commercial oven, extensive perimeter work surfaces with storage under, commercial microwave oven, extraction unit, wall shelving, undercounter fridge, undercounter freezer, upright commercial freezer, 3 upright commercial fridges, stainless steel work benches with shelving below, hand basin, twin deep bowl stainless steel sink unit, meat slice and open storage shelving. Rear Area with undercounter fridge, and Staff Area and wall mounted gas boiler. Staff WC. Inner Courtyard with bin storage area. Dry Goods Store with extensive wall shelving and door to side.

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.


External details


The front of the property is an overcanopy with a bistro table and chairs providing pavement seating for 2 customers.


The business


East Street Kitchen trades as a busy sandwich and salad bar which also undertakes some outside catering, located in a popular and sought-after Devon town. The premises occupies a prominent trading position and has been established for around 18 years and boasts an excellent reputation and an established regular repeat following. The business serves a popular day time only menu, mainly to takeaway with a variety of fresh prepared to order, homemade quality products such as sandwiches, baguettes, baps, pasties, sausage rolls, jacket potatoes, panini’s, daily specials, soup, cakes, quiches, pastries, salads, burgers, confectionary, crisps and hot and cold drinks. The business also offers a popular outside catering menu with a number of established regular repeat customers together with an excellent reputation for catering for one off events such as wakes, parties, meetings etc. The outside catering side of the business is truly unrivalled locally and offers tremendous potential to see further growth. The business has a website which provides further information and menus. The business also benefits from a 5-star food hygiene rating. Our client has created a friendly, professional and modern catering business which sees excellent levels of repeat custom from locals living and working in the area, boosted by a good trade from tourists and day trippers, all of which has resulted in an excellent turnover and strong profits. Our client is prepared to offer a full handover and training to interested parties, should they so desire it.


Potential


The sale of East Street Kitchen represents a great opportunity to purchase an easy to run day time only catering business with extremely low overheads, which is well appointed and offers potential for new owners to develop many aspects of the trade still further. Undoubtedly, there is potential for incoming operators to extend the opening hours and also develop the menu range. There is also the potential for new owners to further develop the outside catering side of the business which has tremendous potential for further growth particularly with further publicity, advertising and mailshots etc. New owners will benefit from being able to move in without the need for any major expenditure on the premises and there is also the opportunity to develop a website with an ecommerce ordering facility and to make full use of social media such as Facebook and Twitter. An early appointment to view is highly recommended in order to fully appreciate all that this property, multi-faceted catering business has to offer.


EPC


D – 92.


Rating


For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website .

We are advised that no business rates are payable for the current financial year.


Services


All mains services are connected to the subject property.


Price & tenure


£49,995 for the valuable leasehold interest as a going concern business and full trade inventory. Stock to be additional at valuation. Vacant possession upon completion. The premises are held on a 6 year private lease, which commenced in August 2015. The current rent is £5,200 per annum on internal repairing and external shop front decorating terms. We understand that the lease will be fully renewable at the end of the current term. Full details available upon request.


Viewings


Strictly by appointment with the vendors Sole Selling Agents.Tel: Email:
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.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Stonesmith, EX5 on +44 1392 976635 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Stonesmith, and do not constitute property particulars. Please contact Stonesmith for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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