Restaurant/cafe for sale in 4 Fore Street, Torquay TQ1

£35,000
Restaurant/cafe for sale
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Property features

  • Versatile Catering Premises in Excellent Location
  • Well Equipped Commercial Kitchen & Seating for 40+
  • Smart Interior Suitable for a Variety of Catering Uses
  • Successfully Operating as an Italian Restaurant, Evenings only
  • Great Opportunity with Huge Potential for Owner/Operators

Property description

Cappello occupies a prominent position in the busy and well regarded district of St Marychurch, Torquay. St Marychurch is a popular part of town and is situated less than half a mile from the sea and less than a mile from Torquay town centre. St Marychurch is recognised as one of Torquay’s most desirable residential and commercial locations, with a fine mix of privately owned shops, attractive pedestrianised precinct and tourist attractions including the Model Village, the Cliff Railway, Babbacombe Downs and Bygones Victorian Museum. The holiday district of Babbacombe is a 5 minute walk from St Marychurch and both areas swell during the summer months with the influx of tourists to The English Riviera (Torquay, Paignton & Brixham).

Cappello is a versatile catering lock up unit occupying the ground floor of a three storey Tudor style building. The restaurant currently offers authentic Roman cuisine and has built up an excellent reputation; however the premises would lend themselves to all styles of catering including a wine bar. The current owners choose to trade for only 4 evenings a week, Wednesday through to Saturday, therefore offering huge potential to expand into the morning coffee and lunchtime trade. The restaurant spaciously seats 36 however this could easily be increased to 40 plus.

Main Trade Area

Entrance with ceramic floor tiles leading through to traditional parquet flooring, the walls have oak panelling to the dado rail and the lighting is that of modern drop pendants with the addition of fairy lights which provide a warm and welcoming atmosphere. Bar / Servery with touch screen electronic cash register, fresh coffee machine, hot water boiler and counter top wine fridge. Customer seating at solid wood tables & chairs.

Ladies, Gents & Disabled Cloakroom

Commercial Kitchen

Spacious and well equipped work space with commercial extraction, Blue Seal 4 ring gas hob with griddle, 6 ring gas hob with oven under, Lincat salamander grill, 2 door fridge unit with stainless steel work top, large central stainless steel table used as the pass and food preparation area. An extensive range of cooking utensils, crockery and cutlery.

Pizza Preparation Area

With an Adexa double stone deck pizza oven holding 8 x 12” pizzas – 4 on each deck. Buffalo double counter top deep fat fryer, granite pizza prep counter with 2 door fridge below, Indesit under counter fridge and freezer, Buffalo microwave, Porkka walk-in fridge and large upright freezer. Stainless steel sink with drainer, wash hand basin, wall mounted Vokera boiler.

Wash Up Area

Williams large upright fridge, commercial stainless steel sink with drainer, Hobart commercial dishwasher, stainless steel preparation tables.

Rear Alleyway

Providing bin storage.

Parking Space

Office

To the first floor.

General Information

Rateable Value

£17,500. There is also a rateable value of £1,150 for the first floor office. Please note this is note Rates Payable. For further information we advise you contact the local billing authority, Torbay Council. Tel.

Tenure

The premises is available via assignment of the 15 year lease from April 2017. The rent is £12,000 per annum paid quarterly in advance. Repairing obligations include the shop front and rear of the ground floor plus internal upkeep with a £500 per annum contribution towards the main structure and communal areas of the building. The tenant is liable for 1/3rd contribution towards the building insurance.

Business

The restaurant is operated by two owner operators, chef & sous chef, with the assistance of a full time front of house. Capello has been trading for almost 3 years and has only come to the market due to health issues. During this time the business has grown and now boasts a strong local customer base providing year round trade. In its current guise the restaurant offers a range of event evenings including monthly Feast Nights specialising in cuisines from different areas of Italy and live music nights. Pizzas have been a popular addition to the menu and are available for takeaway via collection only. The sale of this business provides the next owner with plenty of opportunity to either expand on this already successful business or to create their own style of restaurant in this excellent location.

Services

The premises is connected to all mains services.

Stock

Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

Inventory

To include furnishings and equipment as per an inventory but to exclude owners personal effects.

EPC Rating D

Property info

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Bettesworths, TQ1 on +44 1803 268798 * (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 Bettesworths, and do not constitute property particulars. Please contact Bettesworths 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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