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Award Winning Tearoom Licensed Restaurant In Budleigh Salterton For Sale

Budleigh Salterton, Devon, UK
Asking Price:
£89,950
Turnover:
£133,538
Net Profit:
£40,000

The property
Tea & Tittle Tattle is a thriving and extremely well-regarded tearoom and licensed restaurant, which is presented to a high standard throughout and benefits from considerable investment by our clients during their 13 years of ownership. Tea & Tittle Tattle offers potential for incoming operators to purchase an attractive and sought-after catering business with the benefit of an impressive self-contained 3-bedroom owner's apartment. The business is a well regarded and award-winning day time only traditional tearoom and licensed restaurant. With low overheads the attractive premises briefly comprise:- Main Tea Room/Restaurant Area seating 38 customers; Servery Area/Waitress Station; fully equipped Commercial Catering Kitchen, fully refurbished in 2016; spacious and well presented Self-Contained Family Sized 3 Double Bedroom Owner's Apartment with Sitting Room, Kitchen/Dining Room, Bathroom, Separate WC and Private Roof Terrace Area. The property also benefits from two Private Parking Spaces and a useful Garage/Storeroom. The sale of Tea & Tittle Tattle represents a unique opportunity to purchase a well-established and well-regarded business with strong levels of trade and profits, combined with a family sized home and with genuine potential to increase all aspects of the trade still further.

Situation
Tea and Tittle Tattle occupies a prominent trading position in the main street of the popular and attractive East Devon resort town of Budleigh Salterton, an extremely affluent town situated on the Jurassic coast in an area officially designated as a world heritage site by UNESCO. The business occupies a prominent setting around 150m from the main beach within the town centre. Budleigh Salterton is a delightful and popular resort town situated in an area much renowned for its picturesque countryside, coves and beaches. With a resident population of approximately 5,000, which is boosted considerably by visitors to the town throughout the year and particularly during peak holiday months, Budleigh Salterton also draws trade from the many nearby villages, hamlets and towns. The town is situated around 12 miles from the city of Exeter with access to the M5 motorway which provides excellent communication links throughout the country. Budleigh Salterton is a particularly unspoilt and traditional coastal resort town.

Internal details
With a large glazed character frontage and a recessed glazed entrance door to the front leading into Main Tea Room/Restaurant Area an attractive dining area with wood laminate flooring, wall mounted menu boards, feature lighting, feature fireplace with inset electric fire, windows to the side, range of freestanding tables and chairs comfortably seating up to 38 customers. Ladies & Gents WC's. Servery Area/Waitress Station with a range of base cupboards with complementary work surfaces and ample preparation space over, glass fronted bottle fridge (free loan), two undercounter fridges, under counter freezer, electronic cash register, commercial cappuccino machine, coffee grinder, wall mounted menu boards, extensive wall shelving, hot water still, microwave oven, cake display area and takeaway service window to the side. Inner Hallway with under stairs cupboard, stairs to first floor and private door to the side. Commercial Catering Kitchen with non-slip flooring and easy wipe cladding/stainless steel lined walls, completely refitted to an exceptionally high standard in 2016 with a comprehensive range of commercial catering equipment to include:- Extractor system with stainless steel canopy over and gas interlock system, six burner gas range, eye level gas grill, twin floor standing deep fat fryers, griddle, extensive range of stainless steel work benches with shelving below, steam oven, two microwave ovens, electric grill, extensive stainless steel wall shelving, stainless steel wall cabinet, commercial two door counter fridge unit, undercounter freezer, two Gram upright commercial fridges, twin deep bowl stainless steel sink unit, commercial dishwasher and hand basin. Rear Garage/Store with outside toiletracked shelving, two chest freezers and a fridge freezer.

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.

Private accommodation
Situated above the premises and with an independent access to the side, is the spacious and extremely well presented owner's apartment which briefly comprises:- Sitting Room with dual aspect windows to the front and side, an attractive room with views over the town. Kitchen/Dining Room fitted with an extensive range of base and wall mounted kitchen units and complementary work surfaces, electric cooker with hob and double oven and stainless steel sink unit. Door to the Private Rear Roof Terrace. Bedroom 1 a generously proportioned double room with dual aspect windows to the front and rear and hatch to the roof space. Bedroom 2 a good sized double bedroom with built in wardrobes and dual aspect to the side. Bedroom 3 a double bedroom with aspect to the side. Storeroom. Bathroom with modern white suite and shower over bath. Separate WC.

External details
To the rear of the property is an owner's Private Car Parking for two vehicles and the useful Garage/Storeroom. At first floor level and accessed from the apartment is the Private Roof Terrace.

The business
Tea & Tittle Tattle trades as a quality daytime only traditional tearoom and licensed restaurant and enjoys an excellent reputation with locals and visitors alike for its quality homemade food, ambiance and service. The business has been owned and operated by our clients, for over 13 years and the business boasts an enviable level of regular repeat custom which is boosted by visitors to the town throughout the year. Presented to a high standard throughout, the business boasts a lucrative and prominent trading position in the town centre, adjacent to numerous complimentary businesses and is an easy walk of around 150m to the main seafront. Tea & Tittle Tattle offers a traditional popular menu to include breakfast sandwiches, morning coffees, lunches, afternoon tea and cake to include the popular vintage afternoon tea, for which the business is well known. Winner of The Best South West Cafe in 2017 from Taste of The West, Tea & Tittle Tattle offers a selection of hot and cold non-alcoholic and alcoholic beverages which complement the homemade food, which is made using local produce and ingredients from local suppliers, wherever possible. The business occupies a prominent trading position and has a website which provides further background information. The business benefits from a 5-star food hygiene rating as well as numerous excellent reviews and a traveller's choice award from TripAdvisor. Tea & Tittle Tattle is, at the time of writing, ranked number 1 of 16 restaurants in Budleigh Salterton on TripAdvisor. The business also enjoys a popular takeaway trade with a separate servery hatch to the side, which has proved particularly invaluable in the last year or so. The premises have been well maintained and improved by our clients and consequently the business is extremely well equipped and well presented throughout. A viewing appointment is essential to fully appreciate the high standards inherent throughout all aspects of this catering business.

Trading information
We are advised that for sales for the year ending 31st March 2020 were £133,538 excluding VAT. A net profit in the order of £40,000 was achieved. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

Opening hours
The tearoom trades from 10.00am until last orders at 3.30pm 6 days a week (closed Mondays). The takeaway hatch is open from 9.30am until 4pm 6 days a week (closed Mondays). These hours are reduced and restricted dependent on the weather and during the shoulder months. Our clients us

Property Information

Property:

Leasehold

Lease Terms:

Vacant possession upon completion. We are advised that the business is held on the remainder of a 15-year private lease from January 2008. The landlord is prepared to grant a new lease to incoming purchasers upon completion. The rent is £19,600 per annum. The tenant has repairing and insuring obligations. Full details are available upon request.

Leasehold Rent:

£13,000 per annum

Living Accommodation:

Situated above the premises and with an independent access to the side, is the spacious and extremely well presented owner’s apartment which briefly comprises:- Sitting Room with dual aspect windows to the front and side, an attractive room with views over the town. Kitchen/Dining Room fitted with an extensive range of base and wall mounted kitchen units and complementary work surfaces, electric cooker with hob and double oven and stainless steel sink unit. Door to the Private Rear Roof Terrace. Bedroom 1 a generously proportioned double room with dual aspect windows to the front and rear and hatch to the roof space. Bedroom 2 a good sized double bedroom with built in wardrobes and dual aspect to the side. Bedroom 3 a double bedroom with aspect to the side. Storeroom. Bathroom with modern white suite and shower over bath. Separate WC.

Location:

Budleigh Salterton

Premises Details:

Tea & Tittle Tattle is a thriving and extremely well-regarded tearoom and licensed restaurant, which is presented to a high standard throughout and benefits from considerable investment by our clients during their 13 years of ownership. Tea & Tittle Tattle offers potential for incoming operators to purchase an attractive and sought-after catering business with the benefit of an impressive self-contained 3-bedroom owner’s apartment. The business is a well regarded and award-winning day time only traditional tearoom and licensed restaurant. With low overheads the attractive premises briefly comprise:- Main Tea Room/Restaurant Area seating 38 customers; Servery Area/Waitress Station; fully equipped Commercial Catering Kitchen, fully refurbished in 2016; spacious and well presented Self-Contained Family Sized 3 Double Bedroom Owner’s Apartment with Sitting Room, Kitchen/Dining Room, Bathroom, Separate WC and Private Roof Terrace Area. The property also benefits from two Private Parking Spaces and a useful Garage/Storeroom. The sale of Tea & Tittle Tattle represents a unique opportunity to purchase a well-established and well-regarded business with strong levels of trade and profits, combined with a family sized home and with genuine potential to increase all aspects of the trade still further.

Business Operation

Trading hours:

The tearoom trades from 10.00am until last orders at 3.30pm 6 days a week (closed Mondays). The takeaway hatch is open from 9.30am until 4pm 6 days a week (closed Mondays). These hours are reduced and restricted dependent on the weather and during the shoulder months. Our clients usually close for around 4 weeks in January/February annually.

Employees:
working couple plus 3 part time members of staff

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