The property The Wild Caper offers its customers a Spanish style tapas menu within a well presented purposely equipped premises having been established by our client around 2 years ago. During this time the business has built up a successful and loyal customer base and is well regarded locally and currently trades on deliberately restricted opening hours, to suit our clients requirements. Presented to a high standard throughout, The Wild Caper offers new owners the opportunity to purchase an attractive licensed catering business with an excellent reputation and growing trade levels offering low overheads and running costs. The premises have been purposefully fitted and equipped and briefly comprise:Main Restaurant comfortably seating 24 customers; bespoke Customer Servery and Bar Area; further table with 2 seats outside to the front; Preparation Kitchen; Customer WCs and Store Room. Undoubtedly, The Wild Caper offers potential for new owners to build on existing trade levels or for new owners to develop their own style of trade to suit their own personal requirements and to take advantage of this well presented licensed restaurant in a prominent town centre position, close to the seafront.
Situation The Wild Caper occupies a lucrative prime town centre trading position within Fore Street, a busy thoroughfare leading from the town centre to the seafront, within the popular East Devon coastal resort town of Seaton. Seaton is located between the ancient harbour of Axmouth and the white cliffs of Beer, an Area of Outstanding Natural Beauty. Its mile long beach, which forms part of the Jurassic Coast, opens into the wide sweep of Lyme Bay. Seaton is a popular resort for holidaymakers and boasts a wealth of amenities with a number of renowned visitor attractions nearby including the Seaton Tramway, Seaton Marshes Nature Reserve, the Axe Estuary and a new Jurassic Coast Visitor Centre. Seaton is going through a significant regeneration with new developments planned along with the mile long beach. The County City of Exeter, with its international airport, is some 20 miles to the west and the mainline
railway link to London (Waterloo) at Axminister, is approximately 7 miles.
Internal details ground floor Fully glazed frontage with glazed entrance door leading into Main Restaurant Area, a well presented restaurant with half wood panelled walls, stripped wood flooring, wall mounted menu boards, feature lighting, range of free standing wooden tables and chairs comfortably seating 24 customers. Customer Bar Servery a reclaimed wood fronted and topped servery with associated back bar fittings including Altro flooring, electronic cash register, coffee machine, coffee grinder, display shelving, wine racking, rear storage shelving, stainless steel sink unit, double glass fronted bottle fridge, and commercial glasswasher. Commercial Kitchen with tiled flooring and fully wipe clean clad walls, electric cooker with 5 hobs, twin stainless steel deep bowl sink unit, 4 under counter freezers, 3-door commercial fridge with saladette over, upright commercial fridge, extraction fan, Modena double pizza oven, twin table top deep fat fryer, pizza dough roller, stainless steel hand basin, 3 microwave ovens, and commercial dishwasher.
Lower ground floor Customer WC. Store Room with 2 chest freezers, stainless steel racked shelving, under counter fridge, CCTV controls and ample dry goods storage space.
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 the front of the property is a small Al Fresco Seating Area for one table and 2 chairs. Bin store area nearby.
The business The Wild Caper trades as a cosy licensed restaurant with a great atmosphere serving Mediterranean style food. The Wild Caper specialises in tapas dishes, using locally sourced produce wherever possible with all food freshly cooked to order and the business enjoys an excellent reputation with impressive levels of regular repeat trade, together with a seasonal boost during the holiday months. Our client, a single working proprietor, has purposely restricted the opening hours to suit her lifestyle requirements. The business benefits from its own website which provides further background and the business also benefits from an active social media presence and numerous impressive reviews from customers on TripAdvisor.
Trading information The trade levels of the business are deliberately restricted in order to contain the trade levels below the VAT threshold and in order to fit in with our client’s lifestyle requirements. Full detailed trading information can be made available to interested parties following a formal viewing appointment.
Opening hours The Wild Caper trades up to 6 evenings a week during the peak summer months (closed Mondays) and only 3 evenings a week (Thursday to Saturday) during the winter months. The business does not open at lunchtimes and is closed throughout November, January and early February.
Current staffing The business is run by our client, a single working proprietor, with the assistance of up to 6 part
time/casual members of staff as and when trade levels dictate.
Potential Our client advises that there is considerable potential to increase the current trade levels with undoubted opportunities for a lunchtime service and additional evening opening throughout the year, for which demand undoubtedly exists. However, due to our clients own personal requirements, she has not maximised the levels of business. There is also potential for incoming operators to develop their own style of cuisine and trade in the manner to suit their own personal requirements and our client is prepared to offer a full handover and training to interested parties, should they so require it. The sale of the The Wild Caper provides purchasers with an opportunity to acaquire a quality licensed catering business which benefits from low overheads and an affordable rent in a prominent town centre trading position in a desirable East Devon coastal resort town.
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 . We are advised that there are not currently any business rates payable.
Services We are informed that the premises are connected to all mains services, with the exception of mains gas.
Inventory To include furnishings and equipment as per an inventory to be provided but to exclude owners personal effects.
Price & tenure £69,950 as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.
The premises are held on a 7 year lease from February 2016 at a rent of £7,500 per annum. The tenant is responsible for the internal upkeep and repair of the premises as well as the shopfront. Rent is payable monthly in advance. Further details upon request.
Viewings Strictly by appointment with the vendors Sole Selling Agents.Tel: Email: You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.
Finance An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers