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Popular Licensed Highly Visible Roadside Restaurant For Sale

Bickleigh, Devon, UK
Asking Price:
£150,000
Turnover:
£490,878
Net Profit:
Available on request

The property
The Dartmoor Diner trades as a popular destination licensed café and restaurant, opening day times only, but with potential for longer hours, if so desired. The business has been owned by our client, a single working proprietor, for nearly 18 years and the premises are well presented throughout having been purpose fitted and equipped within a purpose built, detached property. Presented to a high standard throughout, the substantial premises offer a Ground Floor Seating Area for around 60 customers, a substantial Customer Servery Area, a further First Floor Dining Area for 40 customers, comprehensively equipped Commercial Catering Equipment with extensive Ancillary Facilities, Office, Customer Trade Gardens offering Al Fresco Seating for 50 customers and extensive Customer Car Parking for around 50 vehicles. A viewing is strongly recommended in order to fully appreciate the opportunity and potential inherent throughout all aspects of this well-appointed high turnover catering business opportunity.

Situation
The Dartmoor Diner occupies a prominent and self-advertising roadside trading position, adjacent to the A386 main road, on the outer edge of Plymouth and benefitting from a highly visible location and extensive car parking. The A386 links the city of Plymouth to the ever-popular market town of Tavistock. The property is located on the edge of Dartmoor National Park in an area popular with people undertaking a wide variety of outdoor pursuits.

Internal details
Customer entrance doors to the front leading from the main car parking area into Entrance Vestibule with part glazed double doors leading into Main Café/Restaurant Seating Area, an open plan dining area with seating to either side of the front door being well presented and fully furnished, menu boards, feature fireplace with inset woodburning stove, range of freestanding tables, chairs, perimeter banquette seating and booth style diner seating comfortably for 60+

customers. Substantial Central Customer Servery, a custom-built servery area with serve over counters, display shelving to the rear, EPOS computerised cash register, double glass fronted bottle fridge, commercial coffee machine, coffee grinder, filter coffee machine, glass washer, milkshake maker and stainless steel sink unit. Carvery Unit and Servery with hotplates and warming lamps and a dessert display fridge. Ladies, Gents and Disabled WC's. Commercial Catering Kitchen with tiled flooring, part stainless steel and part wipe clean clad walls, extractor system with stainless steel canopy over and gas interlock, Bonnet commercial oven, two commercial range cookers, eye level commercial grill, twin deep fat fryers, extensive stainless steel work benches with shelving below, stainless steel wall shelving, hand basin, panini grill, three commercial microwave ovens, warming cabinet with bain-marie over, serving gantry with warming lamps, commercial toaster, twin bowl stainless steel sink unit, two door commercial undercounter fridge unit, two upright commercial fridges, two upright commercial freezers, twin bowl stainless steel sink units, commercial pass through dishwasher with tray slide, and stainless steel racked shelving. Refrigerated Cold Room/Cellar with tiled flooring, shelving and chest freezer.

First floor
Additional Dining Area/ Private Function Room being air conditioned with views to the rear overlooking the surrounding countryside, range of freestanding wooden tables, chairs and upholstered banquette seating comfortably for 40+ customers. Substantial Bar Servery (currently disused), with rear display shelving, and wine fridge. Ladies & Gents WC's. Office with two freezers. Substantial Attic Storage Area.

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.

External details
To one side of the property is an extensive Customer Car Park Area comfortably for 50+ vehicles. To the rear of the property is a Covered Preparation Area and a Preparation Room with an ice machine, chest freezer and meat slice. Further Store Area and Bin Store Area. To the other side of the property is a fully enclosed lawned Customer Seating Area providing alfresco picnic bench seating for at least 50 customers, with a pedestrian gate leading to a public footpath and Dartmoor National Park beyond.

The business
The Dartmoor Diner occupies a highly enviable landmark trading position adjacent to this busy main road. It is renowned as a destination in its own right, being a popular meeting place for both locals and tourists alike. Owned for around 18 years by our client, the premises has been the subject of significant investment during this time. It offers a popular day time menu to eat in or takeaway which includes breakfast, light bites, main meals, jacket potatoes, sandwiches and baguettes paninis, main meals, hot and cold drinks, alcoholic drinks, cakes, savouries and ice creams. together with a range of specials. The premises also benefits from a license to serve alcohol. The business has been awarded a 5-star food hygiene rating and the Dartmoor Diner has its own website which provides further background information on the business. The Dartmoor Diner is offered for sale due to retirement.

Trading information
Accounts for the year ending 31st March 2020 show sales of £490,878 excluding VAT with a healthy gross profit of £327,564 (67%) being achieved. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

Opening hours
The business trades from 9am until 4.30pm Monday and Tuesday and from 9am until 5pm Wednesday to Sunday.

Current staffing
The business is run virtually under management with minimal day to day involvement from our client. The business is run on a day-to-day basis by a full complement of staff to include 7 full time and 4 part time members of staff, with additional part time/casual staff being employed during busy/holiday times. Further details available upon request.

Potential
The Dartmoor Diner offers an excellent opportunity to purchase a renowned landmark catering business, with significant levels of trade and a popular reputation and with further potential to develop all aspects of the trade still further. Undoubtedly, there is potential for incoming operators to extend the current opening hours and offer an evening service, for which demand exists. There are also opportunities for new owners to develop their own style of cuisine and trade in a manner to suit their own personal requirements and to take full advantage of this impressive and well-equipped business opportunity by purchasing a high quality destination licensed restaurant and café in a busy roadside location. Without any shadow of a doubt, the business will undoubtedly thrive in the hands of hands-on owner operators, especially those with experience and background in the catering industry.

EPC
Requested and to be confirmed.

Rating
For up-to-date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website & Tenure
£150,000 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. The premises are held on the remainder of a 30-year lease which commenced on the 28th December 2001, with a current rent of £51,301 plus VAT per annum from the 28th December 2021. Rent reviews are every 5 years. We understand that the lease is held on fully repairing and insuring terms. Please note: We understand that the landlord will require incoming tenants to provide a personal guarantee and will only consider tenants who can demonstrate a background in the catering/hospitality industry.

Property Information

Property:

Leasehold

Lease Terms:

£150,000 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. The premises are held on the remainder of a 30-year lease which commenced on the 28th December 2001, with a current rent of £51,301 plus VAT per annum from the 28th December 2021. Rent reviews are every 5 years. We understand that the lease is held on fully repairing and insuring terms. Please note: We understand that the landlord will require incoming tenants to provide a personal guarantee and will only consider tenants who can demonstrate a background in the catering/hospitality industry.

Location:

The Dartmoor Diner occupies a prominent and self-advertising roadside trading position, adjacent to the A386 main road, on the outer edge of Plymouth and benefitting from a highly visible location and extensive car parking. The A386 links the city of Plymouth to the ever-popular market town of Tavistock. The property is located on the edge of Dartmoor National Park in an area popular with people undertaking a wide variety of outdoor pursuits.

Premises Details:

The Dartmoor Diner trades as a popular destination licensed café and restaurant, opening day times only, but with potential for longer hours, if so desired. The business has been owned by our client, a single working proprietor, for nearly 18 years and the premises are well presented throughout having been purpose fitted and equipped within a purpose built, detached property. Presented to a high standard throughout, the substantial premises offer a Ground Floor Seating Area for around 60 customers, a substantial Customer Servery Area, a further First Floor Dining Area for 40 customers, comprehensively equipped Commercial Catering Equipment with extensive Ancillary Facilities, Office, Customer Trade Gardens offering Al Fresco Seating for 50 customers and extensive Customer Car Parking for around 50 vehicles. A viewing is strongly recommended in order to fully appreciate the opportunity and potential inherent throughout all aspects of this well-appointed high turnover catering business opportunity.

Business Operation

Trading hours:

The business trades from 9am until 4.30pm Monday and Tuesday and from 9am until 5pm Wednesday to Sunday.

Employees:
The business is run virtually under management with minimal day to day involvement from our client. The business is run on a day-to-day basis by a full complement of staff to include 7 full time and 4 part time members of staff, with additional part time/casual staff being employed during busy/holiday times. Further details available upon request.

Other Information

Related Documents:

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