Restaurant/cafe for sale in Northumberland Place, Teignmouth TQ14

£45,000
Restaurant/cafe for sale
Interested in this property? Call +44 1803 268798 * or Request Details

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Property features

  • Beautifully Presented Versatile Lock up Restaurant in a Central Location
  • Successfully Trading Throughout the Year
  • Attractive & Striking Period Frontage with a Stylish Trading Area
  • Suitable for a Variety of Catering Styles & Themes
  • Freehold Option Available Including 3 Bedroom Maisonette

Property description

Teignmouth is a well-known and popular seaside resort, situated on the North bank of the estuary of the River Teign in South Devon. Teignmouth has a thriving local community which swells considerably during the summer months. The town is well connected via Shaldon Bridge to Shaldon and on to Torbay and to the North is the County town of Exeter which is approximately a 20 minute drive. Exeter is linked by an airport, train station and M5 to the rest of the country. Fresco is located on Northumberland Place, a central location with easy access from both the seafront and Back Beach areas.

Fresco Restaurant has been established for approximately 12 years and during this time has become an extremely popular year round restaurant. Housed within a charming and well-kept listed building, the ground floor restaurant with beautiful bowed sash window frontage has been sympathetically refurbished, enhancing the original features and incorporating the modern.

To suit their lifestyle, the current owners have over recent years been able to reduce their trading hours with Fresco currently only trading 4 evenings, for 43 weeks a year. There is scope for new operators to decide how to push this and grow the business or continue to enjoy the current balance.

Currently run as an Italian restaurant, the set-up is flexible to allow a new proprietor to adapt the trading style and offering to suit.

Edwardian Style Double Frontage

With side entrance leading into the:-

Entrance Hall

Leading to:-

Main Trade Area

Spaciously providing covers for 21 at solid wood tables and high backed chairs, with potential to comfortably seat 26. The restaurant has black and white tiled floor, industrial style pendant lighting and 2 Dimplex ceiling mounted heating units. Feature wall with exposed brick and wood beams and inset Provence charcoal burner, central feature wall showcasing the original wooden structure of the building. Further seating area for 3 which is separated off via the glass feature wall and allowing the customer a more intimate setting. This area retains the rustic yet modern feel with exposed brick work and modern pendant lighting.

Tea & Coffee Prep Area

With under counter drinks fridge, Rancilio fresh coffee machine and separate grinder, cutlery station and wall mounted shelving. Inset Samsung wine fridge and under stair storage cupboard.

Ladies & Gents Cloakroom

Service Hatch

With heated pass and double doors leading to the commercial kitchen.

Commercial Kitchen

This immaculate kitchen is well designed and comes with a range of commercial equipment including:- commercial extraction system, stainless steel splash back, Lincat 6 ring electric hob with oven under, counter top deep fat fryer, counter top griddle, stainless steel prep area, 2 marble topped refrigeration units with chilled salad servers, stainless steel shelving and large double pizza oven.

Wash Up Area

With double stainless steel sink unit and drainer, Maidaid Glass washer, Fagor commercial dishwasher and Polar refrigeration ice machine. Chest freezer, wash hand basin, electric water heater and wall mounted Robus air conditioning unit.

Dry Store Area

Rateable Value

£4,300. Please note this is not Rates Payable and eligible Small Businesses will qualify for 100% Rates Relief. For more information, we advise you contact the local billing authority, Teignbridge Council.

Business

The restaurant is currently typically Italian. The owner operators, chef and front of house, are assisted by 1 full time sous chef, 1 pot washer and 3 part time front of house staff. We have been informed the turnover for Year End March 2019 was £144,168. The premises have a Hygiene Rating of 5.

Tenure

Via a new Full Repairing & Insuring lease at a rent of £13,000 per annum. Terms and lease length to be agreed. The premises is also available via a freehold sale which includes a superior 3 bed maisonette.

Services

The premises are connected to mains drainage, water and electricity.

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 to be supplied, but excluding the owners personal effects.

EPC Rating E

Property info

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For more information about this property, please contact
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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