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Restaurant/cafe for sale

£14,999

13 Fore Street, Cullompton EX15

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Property description

Business
Hilton Smythe welcomes to the market Jeeves Sandwich Bar & Deli, For Sale after several years of growth since 2014, due only to our client's other pressing business interests in Exeter.

A very popular and almost hub of the community style sandwich bar and deli, offering coffee, sandwiches, breakfast, baguettes, home-made and local produce such as pies, and meats, and regular lunchtime staples to take away or eat in. Benefitting an excellent sandwich round business, and plenty of outside catering; Jeeves can accommodate most light bite requests. Plenty of imaginative menus from breakfast in a box to a potato dog are included amongst regular toasties, sandwiches and salads.

Locally renowned with a superb reputation, much repeat and regular clientele and recognised as a bit of a hub of the community where you can stop and have a tea or coffee in-house whilst catching up on the latest TV news. Jeeves also benefits a regular and busy sandwich round recognised throughout the local area. Ranking well on TripAdvisor and similar online mediums, the business has an excellent Facebook page, but could benefit the introduction of a dedicated website, along with a customer loyalty scheme.

Although an already successful business that has been built up over the past few years, with an annually increasing turnover, there remains much scope and growth for a first time business buyer, or husband wife team or partnership.

Location
Jeeves Sandwich Bar & Deli is situated in the busy market town of Cullompton, within the county of Devon.

Easily located with prominent visible signage and A' Boards. The business sits in the centre of a busy main high street, adjacent the main zebra crossing point. Within the vicinity of plenty of other complimentary businesses, the high street offers lots of other independent and major operators. There is plenty of free parking throughout the town and nearby lay-by parking close to Jeeves itself. With the monthly Saturday farmers market being the oldest in the South West, the town attracts plenty of passing trade and tourists, and is home to several listed buildings and some lovely architecture. Sitting on the River Culm, some local manufacturing still remains in the paper and flour sector.

Cullompton is a busy and popular market town in Mid Devon, circa 16 miles from Exeter, 22 miles from Taunton, and 13 miles from Exeter Airport. There is an excellent local road and public transport network, with the M5 motorway being circa 1.5 miles at Junction 28.

Premises
An extremely manageable premise circa 40 sqm.

Well appointed, presented, and maintained throughout, the unit benefits double entry exit doors, leading to largely open plan main shop floor.

Retail space equipment includes-
Loose bistro tables and chairs
Drinks chiller
Central servery with refrigerated counter
Coffee machine
Wood block style preparation
Microwave oven
Toasted sandwich machine
Hot cabinet
Bread basket displays
Cash till
Large fixed flat screen television
Chalkboard menus

To the rear of the unit is a galley style preparation, service kitchen and ancillary space with fridge and freezer provision, staffing area and WC, with rear access door to handy side lane.

Nicely proportioned with excellent flow, decor, and ambience, easy to manage.

The premises have a pavement frontage large enough for some outside bistro tables (subject to pavement licence payment).

Tenure
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: 5 years
Remaining lease length: 3 years as of 2017.
Review period: 5 yearly
Rent: £400 per month

Hours
The business opening hours:

Monday: 07:00 to 15:00
Tuesday: 07:00 to 15:00
Wednesday: 07:00 to 15:00
Thursday: 07:00 to 15:00
Friday: 07:00 to 15:00
Saturday: 07:00 to 15:00
Sunday: Closed

Staff
The business is run by a hands-on owner operator with the help of one full time member of staff.

Financial Profile
The year ending 2016 showed a turnover of circa £116,000. Forecast for the year ended 16/17 are in line with £130,000 with a gross profit margin of 60%. Net profit is circa £35,000.

Accounting information will be made available to seriously interested parties following an internal inspection. Ade available to seriously interested parties following an internal inspection.

What Zoopla users think of Cullompton

Overall rating:

  • currently 3 stars
Good - 63% (22 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 2.5 stars
Entertainment & nightlife
  • currently 3 stars
Parks & recreation
  • currently 2.5 stars
Restaurants & shopping
  • currently 3 stars
Schools & public services
  • currently 3.5 stars
Transport & travel

Rate Cullompton:

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Tiverton Parkway (4.4 miles)
  • Whimple (6.4 miles)
  • Feniton (6.8 miles)
  • Exeter International Airport (8.6 miles)
  • Cardiff Airport (37.4 miles)
  • Bristol Airport (46.6 miles)
  • Topsham Ferry Landing (12.5 miles)
  • Topsham (Turf Lock Ferry) Ferry Landing (12.6 miles)
  • Topsham Lock Ferry Landing (12.6 miles)

Nearby schools

View all schools in Mid Devon
  • St Andrew's Primary School (0.1 miles)
  • Willowbank Primary School (0.3 miles)
  • Willand School (2.4 miles)
  • Exeter Mathematics School (10.9 miles)
  • King's College (16.7 miles)
  • Taunton School (16.8 miles)
  • Cullompton Community College (0.4 miles)
  • Uffculme School (4.4 miles)
  • Blundell's School (4.7 miles)
Note: Distances are straight line measurements

Local info for Mid Devon

About the neighbours in EX15

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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