The premises comprise:
Main trade area
25' 1'' x 20' 4'' (7.64m x 6.19m)
With two entrances, one from South Street opposite the zebra crossing, and one off the pedestrianised area at the top of Union Street,. Seating at a selection of tables with upright chairs and booths. Open-plan area with:
Service counter & kitchen
With large freestanding chiller display cabinet, hot water & steam boiler, cash register, large glass-fronted drinks fridge and wall-mounted blackboard menu,.
Well-equipped Kitchen with commercial catering equipment, including Commercial extraction, Polar fridge & Arctica freezer, stainless steel splash back and prep tables, Lincat 2 pot Bain Marie, 2 x table top deep fat fryers, contact griddle, double toastie machine, Dualit toaster and Sharpe commercial microwave. Wash hand basin and 1 ½ sink with drainer.
Door leading through to:
Ladies cloakroom
Rear courtyard
Covered area with Gents Cloakroom and Store Room with large upright freezer. Bin Storage. Exit to Union Street.
General information
Tenure
The current lease expires in December 2024; however, we understand a new lease with internal & shopfront repair and insurance obligations will be available via negotiation with the Landlord at a passing rent of £9,500 per annum.
Business
The café is owned and operated with the assistance of a full-time employee. The owners choose to trade until 3pm only and keep the turnover below the VAT threshold whilst still producing a good level of net profit. Should the next proprietors wish to, there is the potential to trade longer hours and extend the menu to increase turnover and profits.
Rateable value
2023 List: £9,400.
Please note that this is not rate-payable. 100% Small Business Rates Relief will be available to eligible parties. Interested parties are to make their own enquiries with the Local Billing Authority, Torbay Council.
Legal fees
The ingoing tenant is responsible for Landlord’s reasonable legal costs relating to the set-up of the new lease.
Services
The premises are connected to mains electricity, gas, water, and drainage.
Inventory
To include furnishings and equipment as per an inventory to be supplied, excluding the owner's personal effects.
Stock
Wet and dry stock in trade will be taken over by the purchaser at valuation on the day of completion.
