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LONG ESTABLISHED RESTAURANT BUSINESS

WITH PROPRIETORS ACCOMMODATION

SITUATED ON THE MAIN TOWN CENTRE CIRCUIT

 

KNOWN AS

JALAPENO PEPPERS

MAIDEN ST, BARNSTAPLE, NORTH DEVON, EX31 1HA

 

Price: OIRO £35,000 leasehold incl. F&F, Goodwill & SAV

 

 

  • Superb themed destination venue
  • 24  cover Bar/ Restaurant & 56 cover main Restaurant
  • Well equipped commercial kitchen and still area
  • Internal inspection highly recommended
  • One of Barnstaple’s longest running venues
  •  Proprietors accommodation
  • Excellent turnkey business

 

 

THE SITUATION

The property is situated on Maiden Street, at the busy end of the High Street. Maiden Street links the High Street with the Strand and forms part of the main Town Centre circuit. Nearby operators include Prezzo, The Bank, Chambers, Lilicos, Honeymoon and Wetherspoons.

 

THE PROPERTY AND CONSTRUCTION

A 3 storey building of stone elevations comprising ground floor Bar/Restaurant, first floor Main Restaurant and comprehensively equipped catering kitchen and second floor Proprietors accommodation. The trading areas are decorated on a Mexican theme with associated trade advertisements and fittings.

 

THE PROPOSAL

 

Our clients are inviting offers for their 15 year renewable lease term from 2004 at a passing rent of £15,500 per annum including goodwill, F&F and SAV.

 

THE BUSINESS

Jalapeno Peppers is a long established venue offering Mexican and American dishes in a relaxed and fun environment. It has long been the destination venue for parties, celebrations and fun nights out. Operating evening trade only, (no day time trade is undertaken) the business is staffed by the Owners, 1 full time Chef and a pool of around 10 part time staff. Abridged figures for the period ending March 2012 show a turnover of £158,413 with a G.P of 66% and restated net profit of c.£32,586.  Around 5% of trade is from take away. It is felt that real value might be added through the addition of daytime trading. The property is sold with the benefit of a premises licence and has a fine reputation for its cocktails, wines and quality beers.  www.jalapeno-peppers.co.uk

 

THE ACCOMMODATION 

 

GROUND FLOOR

with main double door access to:

BAR/RESTAURANT AREA

39’4 x 9’5 (12m x 2.9m) Brick Bar Servery with fonts, postmix, optics, glass shelving and bottle fridges. Glass wash, stainless steel sink unit, coffee machine, till and music system. The Bar/Restaurant is decorated on a Mexican theme with 24 covers and a heavily beamed ceiling.

 

GENTS TOILETS

2 Urinals, cubicle, hand basin and warm air hand drier.

 

LADIES TOILET

2 cubicles, 2 hand basins and warm air hand drier.

 

STORAGE CUPBOARD

 

From the Bar/Restaurant, a spiral staircase rises to the first floor and:

 

MAIN RESTAURANT

22’ x 17’ (6.7m x 5.2m) Revealed stone walls, high vaulted ceiling with roof lights and A frame. Themed decor and seating for 48 covers. Adjoining booth with 8 covers. Waiter’s drop with coffee percolator and crockery storage.

£35,000 leasehold

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