Cornucopia Coffee & Deli 1 Market Street Hatherleigh Okehampton Devon EX20 3JN

Property information

Floor plan (pdf)

Location: `Cornucopia`cafe and delicatessan situated in the beautiful small Devon market town of Hatherleigh approximately 8 miles from Okehampton and 36 miles from Plymouth. The business is well know and respected in the town enjoying regular trade from `locals` and tourists alike. The growing population (circa 1,400) will increase through planned residential schemes thus further enhancing trade opportunities. Within the town there is a strong community and support for attractive pubs, post office, convenience store, hairdressers, bank, butchers, community centre, primary school, livestock market, fish and chip takeaway, interesting anitique shops etc. 

The Property: A cottage style building is very attractively presented having been upgraded and improved over the past couple of years, presented with much style, flair and taste, creating a lovely working and living space. 

The ground floor area is circa 654 sq ft (78.5 m²) split between the delicatessan and cafe, which is located to  the rear and easily serviced from the adjoining kitchen. 

There are self-contained entrances both front and rear giving access to the very characterful owners accommodation comprising two bedrooms, lounge, kitchen/diner, bathroom and toilet. 

To the rear of the owners courtyard garden is a two storey barn, which is currently used for storage. It is felt that this may offer scope for possible conversion to a `holiday let` or perhaps additional owners accommodation, subject to obtaining the required planning permission. 

The Business; Our clients have operated Cornucopia for a little over two years. During this period they have refurbished the cafe and shop areas. The cafe area has covers for 20 for light snacks and coffees. The business also operates a well stocked `deli`, selling a range of cold meats, cheeses, sauces, herbs, pulses, dried fruits etc. The business could benefit further by introducing sandwhiches, ice-creams and developing outside catering opportunities. 

The business is run as a partnership with no staff and is for sale only owing to retirment plans. The current owners have chosed to run it to suit their own financial requirements and lifestyle/work balance. From choice they only open for three full days and two half days per week, closed Sundays and Mondays. 

New owners may well choose to extend the opening hours with potential for evening opening and perhaps obtain a restaurant licence to serve alcohol. There are various options to develop this business further to increase the income potential, according to your own ideas and preferences.

Redent turnover is circa £54,000, split 2/3 to 1/3 cafe to delicatessan. The previous owners had operated on a more convential `full time` basis, producing a turnover of circa £97,000 in 2007.

The Business Space: Double fronted shop 40`8" x 16`1" (12.4 m x 4.9 m). Approx 650 sq ft (60.3 m ²), being well laid out, colourful, and benefitting from good natural light from two lovely windows. The retail area extends into the cafe, again attractively presented in a bold cosmopolitan style, in a right, bright colourful scheme. The commercial kitichen is compa t but well arranged to cater for the size of the business. There are various stainless steel worksurfaces, Silex grill/griddle, hot cupboard, microwave, 6 burner gas range, wash up, fridges and freezers. Adjoining utility/pantry.

The Private Accommodation: Steps lead to the hallway with Seperate WC. Bathroom wiht shower and wash basin. Open plan kitichen/Diner 16`2" x 12`2" (4.9m x 3.7m) with range of units, sink etc. Bedroom One 14`3 x 9`2"  (4.3m x  2.8m), Bedroom Two 11`4" x 8`8" (3.5m x 2.6m), Lounge 16`2" x 11`4" (4.9m x 4.5m) overlooking the main Market Street to the front of  the property. The owners accommodation is fully carpeted and benfits from central heating. 

Outside: To the rear is a small courtyard, not used for seating for the cafe, although within this area is a large brick double height barn/shed with potential. Outisde WC. From the courtyard there are steps to the owners living accommodation.

Tenure

Freehold as a fully equipped going concern.

Business rates

Rateable value:	£3,550
Rates payable for 2011/2012:	No business rates payable until at least September 2012 owing to the Government small business rate relief scheme

Council tax applies to the residential accommodation.

Viewing

For an appointment to view please contact:

Dean Warmington
Tel:	01271 378731
Email:	dean@underwoodwarmington.com
Mobile:	07971830881

Property reference number

Reference:

UW682

Important notice

These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract.

Any description of information given should not be relied upon as a statement of representation of fact or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint Agents) not any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property.

The photographs show only certain parts and aspect of the property at the time they were taken. Any areas, measurements or distances given are approximate only.

Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, Building Regulations or other consent has been obtained. These matters must be verified by an intending tenant.