Business Summary

Falcon Commercial is delighted to offer for sale this busy Bar and Cafe which benefits from a good sized garden and car park. It has been under the proud ownership of our clients since 2006. It is now reluctantly being placed on the market to allow the vendors to concentrate on their other business interests. During our clients stewardship the business has built up an excellent reputation for its welcoming atmosphere and good food.

Operating from substantial semi-detached three-storey landmark premises of real charm and character, the business currently offers a full and varied all day menu of classic a la carte hot and cold cafe and restaurant meals, side-orders, desserts and beverages, all prepared freshly to order in its extensively equipped catering kitchen and served in the very pleasant surroundings of a tastefully furnished and appointed dedicated dining area, which can accommodate up to twenty covers in style and comfort with numerous additional general bar and external covers also available.

The Bank Bar and Cafe is run by our clients with help from a dedicated team of part time staff. The business generates a turnover in the region of £350,000 per year and enjoys a split of 65% wet sales and 35% food. Additional income of approximately £24,000 per year comes from letting out the 4 self-contained flats which are situated on the second and third floors. This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

The Premises

Fitted and presented to superb industry specifications throughout, this substantial and lovingly maintained THREESTOREY FREEHOLD DETACHED LANDMARK CHARACTER PREMISES occupies an outstanding corner trading position among other complementary outlets and provides excellent internal business accommodation which briefly comprises.

GROUND FLOOR

Inviting corner public entrance directly off Bampton Street.
Open-planned public lounge bar with feature exposed wooden flooring and spotlighting throughout, large wall-mounted TV screen and stylish leather lounge furnishings.
Twenty-cover general dining area and houses a prominent, fully fitted and equipped
Free-of tie licensed servery with full range of optics, draught pumps, chilled bottled display cabinets, wine racking and electronic till point etc.
Dining room with approximately 20 covers
Fully disabled compliant cloakroom/WC

LOWER GROUND FLOOR LEVEL

Commercial kitchen with extraction system housing ample stainless-steel work surfaces, storage units, a full range of modern, high quality catering appliances and a fully equipped
Preparation/washing-up kitchen area.
Trade beer cellar/bottle store with refrigerated barrel storeroom and separate delivery access
Separate male and female washroom/WC facilities for customers.
Accessed by means of its own separate self-contained entrance and staircase from ground-floor level.

FIRST FLOOR

PRIVATE LIVING ACCOMMODATION in TWO SEPARATE STYLISH APARTMENTS which comprise.-

Apartment 1 – Consisting of a good-sized lounge and a modern, fully fitted domestic kitchen/breakfast room,

together with 1 x master bedroom with private en-suite facilities, 1 x standard double bedroom and a modern.

fully fitted bathroom/WC.

Apartment 2 – Consisting of a good-sized lounge and a modern, fully fitted domestic kitchen/breakfast room,

together with 2 x standard double bedrooms and a modern, fully fitted bathroom/WC.

Again accessed by means of its own separate self-contained entrance and staircase from ground-floor level.

ADDITIONAL SEPARATE SMART APARTMENTS which comprise.

Apartment 3 – Consisting of a good-sized lounge and a modern, fully fitted domestic kitchen/breakfast room,

together with 2 x standard double bedrooms and a modern, fully fitted bathroom/WC.

Apartment 4 – Consisting of a good-sized lounge and a modern, fully fitted domestic kitchen/breakfast room,

together with 2 x standard double bedrooms and a modern, fully fitted bathroom/WC.

*It should be noted that all four apartments are currently let on short-hold tenancy agreements

The property also enjoys the benefit of gas central heating throughout, in addition to the added safety and security

benefits of full fire and intruder alarm systems.

External

Substantial enclosed and partially covered decked patio style public beer garden area to the rear providing approximately sixty additional external dining covers in good weather, together with a useful service yard providing private unrestricted off-road facilities for approximately four vehicles.

Location

Tiverton is the largest town in Mid Devon, and the fourth largest in Devon. It is close to the North Devon Link Road which has good access to the M5.

Tiverton Parkway Station is on the main railway line with frequent trains to Bristol, London, the Midlands and the North of England, as well as Exeter, Plymouth and Cornwall.

Tiverton makes an ideal center for anyone wishing to visit Dartmoor or Exmoor.

The town center has a wide variety of shops. The Pannier Market operates on a number of days and has recently introduced a weekly producers market.

Tiverton has a Tourist Information Center which promotes events and attractions in the area. During the summer the town prides itself on the floral displays which are part of its entry into the South West in Bloom competition.

Property Details