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Licensed Harbourside Cafe In Watchet For Sale

Watchet, Somerset
Asking Price:
£360,000
Turnover:
Available on request
Net Profit:
Available on request

• Prominent corner position overlooking harbour
• Licensed with 30 covers in main dining area
• Includes former sweet shop offering potential
• Beautifully appointed 3 bedroom first floor flat
• Currently operating with 2 part time chefs
• Perfect lifestyle opportunity for working couple

LOCATION:
Watchet on the Bristol Channel is a charming little coastal town with a pretty harbour, an active marina and quaint houses.
It was once an active port with a host of commodities traded up and down the coast as well as across to Wales and Ireland.

A popular stop today on the West Somerset Railway, attractions include a second former railway linking the town with the Brendon Hills, known as ‘The Mineral Line’, two museums as well as a fossil beach and paddling pool.

With easy access from Bridgwater, Taunton and Minehead the town is popular with visitors for short stays and day trips in particular.

BUSINESS:
This long established traditional licensed café and coffee shop occupies a most attractive and prominent corner position overlooking the picturesque harbour and marina of this historic port which is a popular stop on the West Somerset Railway and has much to offer to visitors.

The property, which is Grade 2 listed and enjoys many period features, is both spacious and attractively presented with the first floor owners’ accommodation being beautifully appointed throughout and offering 3 bedrooms.

The main dining area accommodates 30 covers but there is also a former sweet shop with an independent entrance which currently provides additional seating space and offers a variety of potential uses. Reinstatement of the sweet shop seems an easy win and the opportunity exists to let this space for additional income with no associated work.

Trade is good, the business being Vat registered and operated by one person with the assistance of two part time chefs and a full time waitress. Serving a comprehensive variety of high quality coffees and speciality teas as well as superb hot chocolate drinks the menu is varied and interesting with content ranging from lighter snacks to more substantial main meals for the heartier appetite. Canadian style and English breakfasts are available all day as are delightful cream teas.

This could be a perfect lifestyle business choice for a committed couple and a full external and internal inspection is strongly recommended.

YEARS ESTABLISHED:
We understand that a café has traded from this location for more than 20 years. The business was acquired by the current owners in late 2012.

TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
The business trades well above the threshold for Vat registration from modest opening hours (see below) and offers a good net income for a committed couple living on site with the majority of day to day living costs covered.

Detailed financial information will be made available to interested parties upon completion of a form of confidentiality agreement and following an exchange with Adams & Co regarding background, reason for interest, financial position and ability to proceed.

REASON FOR SALE:
Retirement planning.

STAFF:
The property is owned by a couple, the business being run through a limited company for tax purposes as one of the parties has continued a separate career. The café is operated by the other person with the assistance of 2 x part-time chefs and a full-time waitress.

OPENING HOURS:
Tuesday to Sunday: 10.00am to 4.00pm (to 3.00pm in winter)
Monday: Closed

These comfortable hours are kept to suit the wishes of the vendors and leave considerable room for extension both at the beginning of the day and in the evenings as well as on Mondays (particularly during the summer months).

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The business occupies a Grade 2 listed period property standing in a prominent corner position, parts of which may date from the early 18th Century or perhaps earlier. The listing text showing on www.britishlistedbuildings.co.uk reads as follows:

Early C18 or possibly earlier. Stands on the corner of Market Street and Swain Street. Render, plain and fishscale tiles to front roof slope, pantiles to rear, coped end gable, rendered chimney stacks. Tiles to both slopes of roof covered with bitumen. Two-storeys. Quoin pilasters. Three window front to Market Street, horizontal sliding sashes with glazing bars. Central recessed panelled door. Mid-late C19 shop front to left-hand side. Modern double door opening to right. Return elevation to Swain Street, 2 windows, angled oriel bay window with sashes to first floor left, casement with glazing bars to right. Shop window to ground floor and small sliding sash. Blocked semi-circular opening to roof.

The current owners have invested in a programme of refurbishment during their period of tenure and the property is presented to a high standard in all the main areas, the residential accommodation at first floor level being particularly well finished.

The features of the property can be properly appreciated only by a full external and internal inspection, which is strongly recommended, and the following therefore represents only a brief description:

Ground Floor
Main Dining Area (6.5m x 6.5m approx.):
Commercial Kitchen (3.6m x 3.3m approx.):
Washing-up/Prep Room (3.3m x 2.5m approx.):
Large Store Room (5.9m x 4.6m approx.):
NB This is a large space and with imagination could be reconfigured to offer more dining covers if desired.
Store Room 2 (3.4m x 3.0m approx.):
Former Sweet Shop (6.2m x 4.3m approx.):

Entrance Hallway:
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
The owners’ private accommodation may be accessed independently via the front door and entrance hall as described above or via the rear staircase located in the large store room. These private quarters are spacious, offering 3 bedrooms as well as 2 reception rooms, a beautifully fitted kitchen, two bathrooms including one ensuite and an office. All are most attractively presented in neutral colours and with new carpets and a full inspection is strongly recommended.

The main staircase rises from the Entrance Hallway to:
Main Landing:
Sitting Room (6.5m x 3.5m approx.):
Bathroom (2.1m x 2.0m):
Bedroom 2 (4.4m x 3.1m approx.):
Bedroom 1 (4.3m x 3.8m approx.):
Shower Room (2.3m x 1.2m approx.).

Office (3.4m x 2.0m approx.):
Kitchen (4.0m x 2.5m approx. widening to 3.5m approx. at one end):
Dining Room/Bedroom 3 (3.7m x 3.3m approx.):

A further door from the Dining Room gives access to:

Day Room (4.7m x 3.2m approx.):

OUTSIDE:
The outside space is limited to a small decked terrace to the rear of the property at first floor level. This is almost fully enclosed on all sides and is not overlooked, thereby offering owners a pleasant space in which to relax and to enjoy distant views of the church.

There is no parking provision given the position of the property – an annual permit for the public car park almost immediately to the rear currently costs £220.

Waste bins are stored on a neighbouring property by private arrangement.

TENURE:
Freehold

ENERGY PERFORMANCE RATING:
Energy Performance Certificate No: 0960 9065 0361 6520 4054
Energy Performance Asset Rating: 73 Category C

Property information

Property:

Freehold

Energy Performance Rating:
C  View EPC Graph for this property

Other Information

Home based:
This business can be run from home.

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