0 bedroom Catering located at Lyme Regis - Guide Price: £65,000

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Full Description:

Guide Price: £65,000


The Business:

The present proprietor took over a well established restaurant in 2013, carried out refurbishment and refitting and has transformed it into a highly regarded gourmet burger business with extensive seating areas and a separate takeaway.

It offers excellent quality burgers and a comfortable bar area.

The premises occupy the ground floor of one of Lyme's oldest buildings with many period features and a delightful Olde World charm - there are exposed beams, wall panelling, stone flag floors, fitted window seats etc.

The business is being offered for sale due to the owner's health problems which have restricted his ability to remain open for more than 20 hours per week. There is however an excellent demand from locals and visitors, especially in holiday periods, to remain open all day, 7 days a week.

The premises are tastefully appointed and furnished and have the benefit of a comprehensive inventory of quality equipment. It has a 5* hygiene rating and in the top 10 Trip Advisor restaurants of Lyme Regis.

Coombe Street is at the heart of Lyme's Old Town with its origins reputedly going back to Saxon times. Much of the property here comprises old cottages and houses with a variety of shops, galleries and restaurants and the historic Town Mill (with a working water wheel, museum, arts and crafts, brewery etc.).

LBK is on a busy thoroughfare within just a few metres of the main shopping street and seafront.

Lyme Regis is a picturesque coastal town noted for its many character buildings, century s old Cobb Harbour and unspoilt surrounding countryside. The town centre provides good shopping facilities for day to day needs and the larger centres of Taunton and Exeter are both about 28 miles away. There is a main line railway station at Axminster (6 miles inland). In Lyme Regis there is also a sailing club, bowls, golf course, theatre, cinema and numerous local societies.

The town is situated on the beautiful and unspoilt Devon and Dorset Jurassic Coast awarded World Heritage Site status by UNESCO in December 2001.

The Takeaway:
18'3 x 10'10 (5.56m x 3.30m)
Part glazed door from Coombe Street with adjacent display window, bench window seat, ceiling beam and panelling. Servery counter with stainless steel preparation counter display, pie warmer, stainless steel salad fridge, drinks chiller, 2 freezers, fridge, 2 fryers, double oven, till (there are 2 tills in the property with the 'dispos' system).

Doorway to

15'10 x 8'9 (4.83m x 2.67m)
Comprehensively equipped including:- commercial gas cooking range with large oven and 6 rings with extractor system above, 35 litre gas deep fat fryer, griddle toaster, twin 5 litre fryers, pie warmer, burger press and mincer, microwave, stainless steel 3 door preparation top fridge, stainless steel table and shelving, commercial dishwasher, 10 kilo potato peeler, double stainless steel sink and separate hand wash.

Restaurant Seating Area 1:
17'3 x 14'4 (5.26m x 4.37m)
16 Covers and large bench window seat, exposed beams, wall panelling and flag floor. Door to

Entrance Hall (shared with flats above):
With door to

The Bar/Lounge:
16'2 x 13' (4.93m x 3.96m)
With bench seat below window, further table and chairs, sofa, flag floor, beams and panelling, bar with shelving and optics, Italian coffee machine, doors to preparation area and

Restaurant Seating Area 2:
17'9 x 16'6 (5.41m x 5.03m)
Up to 28 covers. Ideal for functions and private parties. A very attractive room with fireplace, stone flag floor, beams and panelling.

Preparation Area:
10'2 x 8'6 (3.10m x 2.59m)
Used for desserts, teas and coffees. Ice machine, 2 fridges and 2 freezers, glass washer, dual bowl stainless steel sink.

Off Hallway

Separate W.C.:

Store Room off Rear Courtyard:

The Lease:
A 12 year lease from 2007 at a rental of £15,500 per annum. We understand that the landlord would agree to grant a new lease.

Rateable Value: £13,500 (April 2017)
Rates payable: £6,220.37

Price for the benefit of the lease, goodwill, fixtures and fittings: £65,000

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Guide Price: £65,000
44-45 Coombe Street
Lyme Regis



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Martin Diplock Estate Agents
36 Broad Street
Lyme Regis
Dorset DT7 3QF
Call us on +44 (0) 1297 445500