Freehold Restaurant In Weymouth Dorset For Sale

Business description

Bag a Business is delighted to offer for sale the Crows Nest Restaurant, which was established by our clients in 2001. The Crows Nest currently trades as a highly successful daytime restaurant/cafe and an evening a-la-carte bistro with an excellent reputation. Annual turnover is £360,000 producing 65% gross profit and A high net profit. The business has good all-year-round trade, with Weymouth being famous for its New Years Eve celebrations, Oyster Festival and Regatta week, as well as being extremely busy in the school holidays. The business is operated by our clients and 12 members of staff, which is increased to 22 in the summer months. The Crows Nest benefits from seating inside for 53 and outside for 68, creating a continental 'Al Fresco' dining experience. There is potential to increase the outside seating area to offer another 20 covers. Further potential could be gained from moving the bar within the restaurant, giving space for another 8-10 covers. The property benefits from a 2-bedroom flat, which could be used as a holiday or long term let. There is also spacious 3-bedroom owners' accommodation. The property is held on both a freehold and leasehold basis with the freehold covering the 2-bedroom letting accommodation, the commercial kitchen, part of the restaurant and all of the outside seating area. This is a rare opportunity to acquire a property and successful business in this sought after location and we would strongly urge early discussions with Bag a Business.

Property information

Property:

Freehold

Lease terms:

Freehold and leasehold
Original lease length: 15 years
Remaining lease length: 10 years
Review every 5 years
Rent: £18,000 per annum
Leasehold option on freehold section available at £299,500 + SAV
Lease and rent to be negotiated

Living accommodation:

ACCOMMODATION DETAILS A very attractive 3-storey cottage-style building, believed to have originally been 2 brewery cottages, retaining many original features and benefiting from a large terraced area to the front. GROUND FLOOR Main restaurant area with tables and chairs for 53, decorated in a nautical theme with maritime memorabilia, fireplace with wood burning stove, flagstone floors, rotating glass cake display, bar with wooden top, Faema 2-cup automatic coffee machine, spirit display behind, fireplace incorporating wooden wine rack, and wine display cooler. Fully fitted commercial kitchen with Gram 3-door countertop refrigerator, 8-burner 3-oven gas cooker, 3 Samsung commercial microwave ovens (new in 2007), walk-in chiller (6'6"x8' approx), walk-in freezer (5'x8' approx), 2 Lincat fryers, heat lamp unit and gantry. Extraction unit, Dexion dishwasher, 2-sinks, stainless steel worktops and overhead plate rack. Utility/preparation room (12'x6'6" approx), 4 under-counter refrigerators, sink and ice machine. Could be converted into bar. Ladies and gents toilets. Door to rear access area and wooden staircase to owners' accommodation. FIRST FLOOR 2 bed letting cottage, to the left of the building and with its own entrance, comprising: entrance hall, stairs to first floor, bathroom with bath, sink and toilet, multipoint water heater and boiler, lounge with Victorian fireplace, and views over square. Galley kitchen with fitted cupboards, built in hob and oven and space for a washing machine and fridge. Stairs to second floor with 2 double bedrooms. Owners' accommodation Large room used as wine store, boiler and water tank, work surfaces. (could be converted to third bedroom) Kitchen with range of cupboards, cooker and space for washing machine. Hallway Lounge, Victorian fireplace and wood burning stove, and dining area 2 large double bedrooms, 1 'L' shaped Bathroom with toilet, sink and shower EXTERNAL Seating area for 68, block paved with umbrellas and awnings.

Location:

The Crows Nest Restaurant occupies a prime trading position in the popular Dorset seaside town of Weymouth. On a highly visible corner location, Hope Square is in the Old Harbour district, opposite the Brewer's Quay, a popular visitor attraction, with ample car parking, and surrounded by complementary businesses. The Crows Nest is just 50 yards from Weymouth Harbour and enjoys a high degree of footfall. Weymouth is on the South Dorset coast, forming part of the Jurassic Coastline. It is famed for its award winning sandy beaches and also has the honour of hosting the 2012 Olympic Games sailing events. Transport links are excellent, with trains to London Waterloo, Fastcat sailings to the Channel Islands and easy access to the A35.