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Freehold Northam Restaurant With Accommodation And Rental Flat For Sale

Bideford, Devon, UK
Asking Price:
£449,950 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Undisclosed

Highly regarded freehold restaurant in the heart of Northam, North Devon, offering a profitable owner-operated business, substantial private accommodation and additional rental income.

Under the same husband-and-wife ownership for 25 years, the intimate restaurant currently offers just 12 covers and trades only three evenings per week by owner choice, yet has generated an average net profit of approximately £30,000 in recent years. Strong repeat custom and consistent 5-star TripAdvisor feedback contribute to a reported 3–4 month waiting list for reservations.

The property includes 2/3-bedroom owner’s accommodation above, plus a separate self-contained two-bedroom flat currently producing £600 per month in rental income. With capacity for up to 20 restaurant covers and previous five-day-per-week trading, the business offers clear scope for a new owner to increase trading days, covers and opening hours.

An attractive opportunity to acquire an established restaurant, freehold property and income-producing accommodation close to Westward Ho!, Appledore and Bideford.

Property Information

Property:

Freehold

Living Accommodation:

Private 2/3-bedroom accommodation above the restaurant comprising kitchen, lounge, two bedrooms, family bathroom and office/potential third bedroom. The sale also includes an adjoining self-contained two-bedroom flat with its own street-level entrance, currently let at £600 per month.

Location:

Prominent position on Fore Street, the main road through Northam village, adjoining the village square. The restaurant is approximately one mile from Westward Ho!, Appledore and Bideford, with a range of shops and other businesses nearby.

Premises Details:

Period three-storey property with an intimate restaurant currently arranged for 12 covers but suitable for up to 20, adjoining bar/seating area and commercial kitchen with preparation, storage and utility areas. A rear courtyard garden is also included.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Strong scope to increase trade by expanding from the current three-evening-per-week operation, increasing restaurant capacity from 12 to up to 20 covers and extending the current trading format. The owners previously operated five days per week, demonstrating potential for increased opening days.

Trading hours:

Three days per week, 6:30pm–11:00pm.

Employees:
No employees - Operated solely by the husband-and-wife owners.
Years established:
Same husband-and-wife ownership for 25 years.