High quality and well regarded East Devon restaurant, occupying a

High quality and well regarded East Devon restaurant, occupying a prominent main road
trading position. Presented to a high standard throughout with flexible 3 double bedroom
owners/letting accommodation. Excellent opportunity to purchase a popular and
profitable home and business in a sought after location.
MOORE’S RESTAURANT
6 GREENBANK, NEWTON POPPLEFORD, SIDMOUTH, DEVON EX10 0EB
FREEHOLD: £275,000 REF: 2033
Suite B, Castle View Barns, Woodmanton, Exeter, Devon, EX5 1HQ Tel: 01392 201262
Email: [email protected] Web: www.stonesmith.co.uk
Applicants are requested to make appointments to view and conduct negotiations through the Agents. No responsibility can be accepted for any expense incurred by fruitless journeys. Stonesmith for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) the
particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without
responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii) no person in the employment of Stonesmith has any authority to make or give any
representation or warranty whatever in relation to this property. The word "property" throughout shall include business and trade contents if appropriate.
01392 201262
www.stonesmith.co.uk
THE PROPERTY
Moore’s Restaurant is a quality award winning licensed
restaurant with flexible owners/letting accommodation
occupying a prominent trading position. Presented to an
extremely high standard throughout and having benefited
from much investment and expenditure by our clients during
their 11 years of ownership, this is a unique opportunity to
purchase a profitable and highly desirable catering business
offering flexible accommodation with potential for letting
rooms in sought after East Devon. This two storey end of
terrace property briefly comprises:- an attractive Main
Restaurant comfortably seating 24 customers, Conservatory
Restaurant/Function Room comfortably seating 12
customers, Customer Lounge Area, Commercial Catering
Kitchen, Preparation/Still Room. A feature of this property is
the flexible owners accommodation which, dependent upon
requirements, can be configured as 2 Double Bedrooms,
Sitting Room, Bathroom and a Double En-Suite Letting
Bedroom. Externally the property benefits from a Single
Garage and a Small Patio Area to the front which leads to a
Further Patio Area and Lawned Trade Garden offering al
fresco seating for around 12 customers.
SITUATION
Moore’s Restaurant occupies a prominent and landmark
trading position alongside the A3052, a major tourist and
coastal route running from Exeter and the M5 motorway to
Lyme Regis and the Dorset coastline. Situated in the heart of
the village of Newton Poppleford, one of East Devon’s
favoured villages which nestles in the Otter Valley. Newton
Poppleford is some 3 miles from the ever popular Regency
coastal resort town of Sidmouth which forms part of the
Devon and Dorset Jurassic Coast and is designated as an
Area of Outstanding Natural Beauty and has been awarded
World Heritage status by UNESCO. The University and
Cathedral City of Exeter, with access to the M5 motorway,
intercity rail links and international airport, is within 12 miles.
INTERNAL DETAILS
Entrance door to front leads into Reception Hall with
carpeted flooring. Through into Main Restaurant with
carpeted flooring, attractive picture windows to the front,
further entrance door to the front for disabled customers,
part wood panelled walls, an attractive dining room with free
standing wooden tables and upholstered wooden chairs
comfortably seating 24 customers. Customer Lounge Area
with carpeted flooring, range of comfortable armchairs,
stove effect Living Flame gas fire, a comfortable pre or aprés
dinner drinks area. Conservatory Restaurant/Function
Room an attractive conservatory extension with part bricked
walls, sun blinds, ceiling fan, carpeted flooring, range of
quality free standing wooden tables and upholstered
wooden chairs comfortably seating 12 customers. Double
doors leading out to rear garden. Commercial Kitchen with
Altro flooring, part tiled and part lined walls, fitted with a
range of commercial catering equipment to include:- 6burner gas range, gas interlock, eye level grill, stainless steel
workbenches with shelving below, stainless steel wall
shelving, table top deep fat fryer, microwave oven, 2 under
counter fridges, upright fridge, hand basin, stainless steel
single bowl sink unit with double drainer and extraction fan.
Preparation/Still Room with Altro flooring, range of wall
and base cupboards with complementary worksurfaces,
filter coffee machine, single bowl stainless steel sink unit
with double drainer, 2 under counter fridges, glass fronted
bottle fridge, commercial dishwasher, and upright freezer.
FIRST FLOOR ACCOMMODATION
Located on the first floor are 3 double bedrooms which can
either be used for owners accommodation or for letting
accommodation or a versatile mix of the two. Double
Letting Room with carpeted flooring, aspect to front, wall
mounted remote control flat screen colour television, tea
and coffee making facilities and an En-Suite Shower Room.
Private Owners Sitting Room (currently used as an office)
with aspect to front. Bathroom with white suite and shower
over bath. Owners Bedroom 1 a double room with aspect to
the rear (used for occasional letting by the current owners).
Owners Bedroom 2 a double room with aspect to front and
hand basin (used for occasional letting by the current
owners).
EXTERNAL DETAILS
To the front of the property is a Small Patio Area with
pedestrian gate to the side and a Single Garage. To the side
and rear of the property is an Enclosed Customer Trade
Garden incorporating a Patio Area and terraced lawn areas
being fully enclosed with attractive flower bed borders and
offering al fresco customer seating for around 12 customers.
Further to the rear is a Service Courtyard Area and bin store
and Customer WC with covered walkway from the
restaurant.
THE BUSINESS
Moore’s Restaurant trades as a quality licensed restaurant
which has been owned and run by our clients for the past 11
years. Specialising in quality freshly prepared food reflecting
the best local produce which Devon has to offer, our clients
source all of their produce locally with all of the food freshly
cooked to order with a menu which changes daily. This
attention to detail has ensured that the business enjoys
excellent levels of regular repeat business, not only from
Newton Poppleford, but also the surrounding villages and
towns, together with a seasonal boost during the peak
summer months. The high quality and standards have
resulted in the business being awarded numerous awards
and accolades including a Certificate of Excellence from
TripAdvisor, Michelin Guide Listing, Good Food Guide
recommended and Hardens Guide listed. The business has
its own website www.mooresrestaurant.co.uk which
provides a further overview of the business. The business
benefits from a 4 Star Food Hygiene rating. A viewing is
essential in order to fully appreciate the exceptionally high
standards inherent throughout all aspects of the business.
CURRENT STAFFING
The business is run by our clients, a husband and wife
partnership, with the assistance of up to 4 part-time
members of staff.
OPENING HOURS
Our clients have chosen to restrict the opening hours of the
business to suit their own circumstances and family lifestyle.
The business trades 5 evenings and 6 lunchtimes per week
(closed Sunday evenings and all day on Mondays). The
business also closes for at least two weeks during January
and for various other long weekends throughout the year
which enable our clients to take holidays.
TRADING INFORMATION
Accounts for the year ending 31 March 2015 show sales of
£110,842 net of VAT with a net profit of £33,487. Full detailed
accounting information can be made available to interested
parties following a formal viewing appointment.
POTENTIAL
The sale of Moore’s Restaurant provides an excellent
opportuntity to purchase a thriving, profitable and extremely
well regarded restaurant business with flexible
owners/letting accommodation in ever popular East Devon.
Our clients believe that there is tremendous potential to
increase the current trade levels still further, particularly by
increasing the opening hours and offering an early diners
menu etc. Trade levels can be further enhanced as for
instance, tables are not turned during the evening. There is
also potential for incoming operators to develop their own
style of cuisine and trade in a manner to suit their own
personal requirements. The sale of Moore’s Restaurant
represents a rare opportunity to purchase a high quality
restaurant business with owners accommodation, the like of
which rarely comes to the market. Coupled with this is the
considerable time and money that has been spent
throughout the property, offering new owners the ability to
move in and start trading without the need for any major
expenditure. The business also boasts impressive levels of
forward bookings and our clients are prepared to offer a full
handover and assistance to interested parties, should they so
require it.
RATING
For up to date Business Rates and Council Tax information
relating to the property, we refer you to the Valuation
Officen Agency website www.voa.gov.uk.
SERVICES
We are advised that all mains services are connected to the
subject property.
EPC – D (99).
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,
contact us for details of our approved brokers.
VIEWINGS
Strictly by appointment with the vendors Sole Selling
Agents. Tel 01392 201262 or email: [email protected].
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.
S615 Printed by Ravensworth 01670 713330