Cafe & Bar with Accommodation in Somerset

Bridgwater, Somerset
REF: R07655

Asking Price:
£40,000
Annual Turnover:
£69,136
Annual Net Profit:
TBC
Reduced
REF: R07655

Overview

Tenure:
Leasehold
Established:
TBC
  • Loyal customer base
  • Spacious premises
  • Equipment included
  • Low overheads
  • Accommodation included

The business for sale is a multifaceted cafe, bar and truckstop with B&B rooms and additional accommodation.

Situated in an idyllic Somerset location, the business has quickly become a local favourite since establishment in 2011. Offering delicious, home-cooked food in a traditional pub setting, the current restaurant and bar area can seat up to 30 covers at any one time - with room for more upstairs. Customers are also able to take advantage of their useful takeaway service - with the business offering deliveries since the COVID-19 outbreak.

The premises benefits from a three-bedroom flat, currently utilised by the present owners, and an additional room for bed and breakfast guests.

Accessed just off a main single carriageway, the business also operates as a truckstop, allowing drivers to take advantage of overnight parking for a reasonable price.

Offered on a leasehold basis, rent is payable at a rate of £19,500. 5 years remain on the current lease agreement with the option to extend for a further 5 upon request.

The business is accessed just off a main single carriageway in Aschott, Somerset, boasting a large customer car park and a truckstop for overnight parking. Customers enter straight into the main restaurant and bar, with traditional pub interior and seating for up to 30. To this floor, there is also a fully equipped kitchen and office area.

A staircase rises to the first floor, where there is a second bar and two rooms for further seating as required. A fully enclosed, 3 bedroom apartment is available to be used as either owner accommodation or to rent privately as additional income. This floor is complete with a further bedroom used for bed and breakfast guests.

All of the relevant fixtures and fittings are to be included in the advertised sale price, including tables, chairs, kitchen equipment and furnishings for the flat. The current owner has advised they would be willing to stay on for a handover period as required.

This would be an ideal opportunity for a local entrepreneur with the passion to grow this business even further. Showing significant growth year on year, the business has seen a 20% increase in trade through 2020.

With the potential to add a second bed and breakfast room (subject to permission from the landlord), an increased focus on the bed and breakfast aspect of the business could see an increase in profit margins.

The business has already demonstrated diversity in it's approach to the COVID-19 pandemic, introducing a delivery service to its customers. Implementing this as a permanent service offering could increase their customer base even further.

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  • On-site car parking
  • Residential area
  • Rural setting
  • Village location
  • No local competition
Rent
£19,500
Rates
£0
Lease Term
5 yrs
Lease Expiry
the landlord is willing to offer a 5 years lease with the option of an additional 5 years at the end of the first 5 years
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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