LOCALITY

Shepton Mallet is a market town located within the Mendip Hills. Other nearby towns include Wells, Street and Frome and it's close to the major cities of Bath and Bristol. Shepton Mallet is the administrative centre of Mendip District with a population of over 8,500. Central Shepton Mallet contains a variety of retailers from independent traders to national chains.

LOCATION

The premises are located in a relatively prime location on the High Street near to the Market Place (which has limited, but free on street parking).

THE BUSINESS

Our client took on the premises on a new lease in 2004 and has renewed the shopfront and refitted the sales area to create a cafe with a servery, kitchen at the rear with seating capacity for 24+ covers. Apart from operating a cafe during daytime Mon - Saturday our clients have also developed an outside catering service which complements the cafe resulting in more efficient use of staffing and reduced wastage. (Advance bookings already taken for Summer Autumn 2010)
A complete equipment inventory is available upon request.
Our clients are looking to emigrate and are therefore looking to assign their lease and transfer the goodwill to a new owner.


COMMUNITY RELATIONS

On Tuesday evenings clients run an award winning initiative to help the youth of Shepton Mallet. Vendors have secured funding to create an environment where the young people of the town can come and relax, have fun, play games or just chat. Qualified youth workers & volunteers help out with a number of guest speakers on relevant subjects. This helps create additional revenue for the cafe as well as positive publicity for the business.
Vendors are working closely with the council, local churches, the police, Mendip Housing, parents and the children as well as other local business which generates business both in the cafe and for outside catering.
Major events such as Glastonbury Festival held in nearby Pilton, Shepton Show and events at the Royal Bath and West Showground generate additional custom but the proprietors have alos extended their reach into the community by supporting events such as
Collett Park Festival
Shepton Food crawls
Shepton Carnival
Happy Landings Fundraising days as well as other
Town Centre Events & Festivals


GROWTH POTENTIAL

A new operator could capitalise from the good reputation of the cafe and introduce 'weekly specials' 'Senior Citizen day' 'Carved Hot Meats' and extend the range of home-made meals in addition to growing the outside catering business.
The proprietors have already catered for Weddings, Birthdays, Funerals & Christenings and CHATS has supplied food for, and developed strong relations with, Mendip District Council, Somerset & Avon Constabulary, Glastonbury Festival Organisers, Shepton Mallet Pantomime Group, Local schools and other businesses in the area.
The proprietor has only worked part time and adopted a relatively hands off relationship with the business but there is an opportunity for creating a stronger identity and more efficient management for a full time owner/operator.
Potential to change nature of offer, extend opening hours (incl. Sundays) and/or develop outside catering business.

THE PREMISES

Large picture window with recessed doorway leading to:

SEATING AREA & SERVERY 4.17m(13'8'') x 10.39m(34'1'')

43.12m2 (464 sqft) Half glazed door opening into main sales area. Bench seating in window. Half timber panelled walls, laminated flooring and fluorescent lighting and retaining character features from historic use as a butchers.
Servery counter with roll edge worktops, vinyl flooring and under counter fridge & freezer. Coffee grinder, Visacrem espresso coffee machine and smoothie maker. Corridor to rear and door to kitchen

KITCHEN AREA 2.26m(7'5'') x 2.72m(8'11'')

6.15m2 (66sqft) Fully equipped kitchen including counter top griddle, dishwasher, fridge, oven, 3no. microwaves. Vinyl Flooring and fluorescent lighting. Double bowl stainless steel sink unit

REAR CORRIDOR/COVERED STORE 2.13m(7'0'') (min) x 5.54m(18'2'') (max)

12m2 (129 sqft) shared area with first floor flats but providing covered storgae for 4no Chest Freezers and 2no. fridges. Rooflight. Vinyl floor, pendant light. Fire Exit. 3no. wall cupboards. Stairs to first floor WC.

TERMS

Our clients are looking to sell the business, including all equipment & goodwill, for £39,950 plus stock at valuation.

PLANNING

The premises benefit from an A3 planning consent (Restaurant, Snack Bars and Cafes - use for sale of food for consumption on the premises)

LEASE TERMS

Premises are held on a lease that expires on 14 Oct 2014 at a current passing rental of £5200pa exclusive with a rent review due on 15 October 2012.
The lease makes the tenant responsible for internal repairs, decorations plus shopfront and the landlord insures the building an recovers a proportion of the premium from the tenant.

RATES

Based on an interogation of the Valuation Office website we are advised that the property has a 2010 rateable value assessed at £5338 but recommend that all interested parties make their own enquiries. Property qualifies for Small Business Rate Relief and annual rates payable 2009/10 was £1058.10.

LEASE CODE

A commercial lease is a significant and complex undertaking.
Before entering into any such agreement be sure to consult with a surveyor and/or solicitor or read either , Thinking of Renting a Business Property or ideally, A Code of Practice for Commercial Leases in England and Wales.
Alternatively you may wish to visit: www.commercialleasecodeew.co.uk


VAT

Any reference to price, premium or rent is deemed to be exclusive of VAT unless expressly stated otherwise. Any offers receive will be assumed to be net of VAT unless stated otherwise.

LEGAL COSTS

Each Party to bear their own

VIEWING ARRANGEMENTS

By appointment with the Sole Agents Tel 01749 676023 or sales@paul-knight.co.uk

Please note that nothing in these particulars constitute part or all of any contract, and no contract will exist, or be deemed to exist until formal documentation in writing has been completed by both parties and approved by our clients solicitor.
Prospective tenants must satisfy themselves as to the accuracy of any details given to them either verbally, or within this, or any other document provided; and neither the Owners, nor their Agents, shall be liable for any inaccuracies.