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Exmoor Tourist Visited Cafe Restaurant With Accommodation For Sale

Porlock, Somerset, UK
Asking Price:
£320,000
Turnover:
£70,000
Net Profit:
Under £50K

28 Cover Restaurant; Licensed; Prominent Position;
2 Bedroom Flat above (can be made independent of the restaurant for letting);
Pretty Exmoor Village; Tourist Visited Area; Caravan Site nearby.
In the main high street close to a range of complimentary retail and other trades. This most attractive village is within Exmoor National Park with the backdrop of the famous hills and about 2 miles from the sea. The popular town of Minehead is about 6 miles distant with a good range of supermarkets and shops. There is a campsite and caravan park close to the village and many holiday homes and B&B's.
The property is built of stone under a slate roof and has part double glazing and has seen considerable upgrades in the past 18 years:
The building fully rewired in 2005 and at the same time had new stud walls built all up the staircase and land-ing and plastered and also the bathroom walls plastered and tiled and a new bathroom suite and shower fitted.

New stud walls and re-plastered in back bedroom in 2007 and new parquet flooring

Parquet flooring laid on landing 2008

Restaurant toilet replaced 2008

In 2010 the kitchen was completely refitted ….new cupboards, work surfaces, retiled and new industrial flooring.

In 2013 all the upstairs windows were replaced with double glazed windows.

The restaurant carpet was replaced in 2019.

2021 - A new woodburner and more efficient electric heating fitted

2020 – 2023 – The whole roof has been replaced in stages.

Due to age/ ill health the business is currently an easily run fish and chip and pies restaurant – the business offers approx. 40 different pies including vegan, vegetarian, gluten free etc. The business opens from 5 p.m. until 9 p.m. 6 or 7 days a week according to season, but closes for a period during the winter.

The business is run by a husband and wife team and has been in the present hands for approximately 30 years and is now for sale due to retirement.

The business has been much busier in earlier times opening during the day, particularly in the very busy summer months, but now the business is kept below the vat threshold and accounts show takings just in excess of £70,000 p.a.

The potential for expansion in new owners' hands is exceptional......
Price: £320,000 Freehold

EPC: E (112)

Property Information

Property:

Freehold