Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Well Established And Successful Restaurant In Dartmouth For Sale

Dartmouth, Devon, UK
Asking Price:
£150,000
Turnover:
Available on request
Net Profit:
Available on request

Taylors Restaurant is situated in a parade of properties overlooking Dartmouth’s Harbour, a few doors down from the famous Castle Hotel. The premises are located over the first and third floors, the commercial premises are situated on the first floor with the residential flat on the top floor.

Property Information

Property:

Leasehold

Location:

Dartmouth lies at the mouth of the River Dart in an Area of Outstanding Natural Beauty. The River Dart is widely acknowledged as one of the most beautiful rivers in England and is much loved by sailing and boating enthusiasts.

Dartmouth is also a haven for tourists, with its magnificent Naval College, picturesque waterfront and wonderful architecture. There are many other tourist attractions in the area with easy access to the unspoilt South Hams coastline and beaches. Dartmouth is in close vicinity to the A38 Devon Expressway providing access to Plymouth (20 miles) and Exeter (31 miles).

Premises Details:

The accommodation briefly comprises:-

ENTRANCE PORCH
At ground floor level. Stylishly decorated hallway with wall mounted mirror and various ornaments. Staircase leading to:-

FIRST FLOOR RESTAURANT
Stunning, bright and airy trading space, which has been beautifully decorated, exuding charm and style. The restaurant has the capacity for 32 covers with a focal, picturesque bay window to the main elevation. This window is fully retractable and is often open during trading hours in the warmer months of the year. The room has painted panelling to dado height and pattern papered walls, decorated with a variety of silver painted wall mounted mirrors. 2 x ceiling mounted fans, seating at a number of square timber topped tables with quality upholstered chairs. The restaurant is carpeted throughout.

BAR SERVERY
Painted timber fronted and tiled topped servery with feature three arch mirror back bar fitting and glass shelving, espresso coffee machine, under counter bottle fridges, electronic touch screen till. Coffee grinder, glass washer, domestic fridge and non-slip flooring.

CUSTOMER CLOAKROOM
Recently refurbished with one cubicle and wash hand basin in vanity unit.

COMMERCIAL KITCHEN
Fully equipped to a high standard including full extraction, commercial dish washer, deep sink and drainer, various refrigeration, 6 ring gas burner and oven, combi oven, various stainless steel worktops and shelving. Ceiling suspended heat lamps, commercial microwave, non-slip flooring, wash hand basin and door to rear staircase.

UNDER STAIRS CUPBOARD
With shelving. Domestic washing machine and ice machine.

TOP FLOOR FLAT
With own separate access from the rear staircase to Church Close.

LIVING ROOM
Which is currently being used as a bed/sitting room. Picture window overlooking the Harbour and Estuary. Fire place, carpeted.

KITCHEN
Which is arranged as a walk-through room to the living room with domestic units, sink and drainer, laminate flooring.

STORE ROOM/FREEZER ROOM
Currently arranged as a store room with 2 chest freezers, upright fridge and small domestic fridge. Shelving for dry good and laminate floor.

OFFICE
With wall mounted shelving. N.B. these 2 rooms could potentially be reconfigured to provide further bedroom space.

DOUBLE BEDROOM
With wash hand basin, laminate flooring and laminate flooring.

LANDING with built in cupboards.

FAMILY BATHROOM
With wash hand basin, WC, bath with power shower over and plumbing for washing machine. There is gas central heating in the flat with the boiler being situated in the bathroom.

GENERAL INFORMATION

RATEABLE VALUE
2017 List: £6,600. 100% Small Business Rate Relief will be available to eligible parties. Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority.

BUSINESS
Taylors is a very well established restaurant, having been in the same ownership for over 20 years. This extremely popular business is well known throughout the town, the South Devon area and beyond for its fine cuisine and delightful views over the River Dart and across to Kingswear.

Taylors Restaurant is probably one of the most picturesque places to enjoy fresh cuisine in the area, inspired by Devon’s land and sea. The owners have built up an outstanding reputation and a loyal following over the last two decades, with the restaurant currently ranked number 3 out of 46 restaurants in Dartmouth on Trip Advisor. Taylors is a favourite for its comfortable and stylish surroundings, with its combination of flavoursome dishes enhanced by the beautiful Harbourside view.

The menu changes regularly according to the seasons and local produce available, with the a la carte menu offering starters and light dishes at a price between £7.50-£12.50, with main dishes between £19.50 - £34.50. Taylors specialises in fish and has an extremely tempting wine list to accompany all dishes.

The business is owned and operated by a couple, one of whom is in the kitchen and one front of house. There is one further full time member of staff in the kitchen and two people who help part time. The business opens for lunches Wednesday – Fridays from 12pm – 1.30pm with the restaurant closing at 3pm. For dinner Tuesday – Saturdays from 6.30pm – 8.30pm, with the restaurant closing at 11pm. The restaurant is popular for various events which run through the year and is a sought after venue for private parties and small gatherings. Taylors also is well renowned for its Christmas Day and News Year’s Eve parties.

The flat above is currently occupied by staff members, but could easily be made available as either living accommodation for the owners or rented out for holiday letting. Dartmouth is an incredibly popular holiday destination and this could potentially add a lucrative source of income to the business.

Whilst Taylors is well established as an a la carte restaurant there is still plenty of scope to grow the business further or indeed change the style. This unique elevated position overlooking the Harbour and Estuary make it a very popular choice of places to eat, with customers coming back time and time again.

The business has particularly strong turnover and a very impressive bottom line net profit – further trading profit and loss accounts will be provided to bona fide interested parties, following a formal viewing arranged through the Sole Selling Agents, Bettesworths.

TENURE
The property is held leasehold from private Landlords, The Dartmouth Trust on a 21 year lease effective from 2016, with the benefit of security of tenure. The current rent is £16,300 per annum on a part Repairing and Insuring basis.

SERVICES
We have been informed that the property is connected to mains water, sewage and electric with gas central heating in the flat and wall mounted electric heating in the restaurant.

Energy Performance Rating:
D

Contact Bettesworths

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here