Medieval Style Restaurant In Torquay Devon For Sale

Business description

Preferred Commercial is delighted to offer for sale this medieval style restaurant, which was established by our clients in 1994 and which is only now being offered to the market due to our clients' wish to retire. The business trades 7 days a week and generates a turnover in the region of £240,000 per annum with a gross profit of 60%. Camelot Restaurant offers high quality medieval style dining, along with a selection of real ales, fine wines and spirits. The bar area, shows a lot of sports and is popular with the locals. We feel the turnover could be further increased by embarking on a modest marketing campaign and establishing a website. The business has a loyal customer base and enjoys much repeat trade. The premises are well-equipped to suit the trade, boasting 2 restaurant areas and a commercial kitchen. There are 2 flats, 1 x 2-bedroom and 1 x 1-bedroom, to the first and second floors, which we feel could be let out to generate an additional income. This is an ideal opportunity to acquire an already busy restaurant with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

New lease to be negotiated

Freehold option available by separate negotiation

Location:

Camelot Restaurant occupies substantial 3-storey mid-parade premises, ideally located on a busy high street in the centre of Torquay, Devon. The premises are situated in a pedestrianized zone and are surrounded by a wealth of complementary independent and multi-national shops, business and amenities. The business benefits from a high footfall and much passing trade. The sea-front and the harbour are both just a short distance away. The town is well-served by public transport with numerous bus stops and a railway station within walking distance. The premises are easily accessed via the A-road network and the M5 motorway. The town is popular with tourists, boasting many attractions, such as Kents Cavern and the Living Coasts. Torquay is a very popular seaside resort and in Victorian times became known as the English Riviera. The town is a desirable place in which to live and work with Exeter approximately 20 miles to the north, and Plymouth approximately 28 miles to the west.

Premises details:

Substantial mid-parade 3-storey restaurant premises with 2 self-contained flats. Briefly comprising:

Ground Floor
• Restaurant area with tables and chairs for up to 45 covers, 3 flat screen TVs, bar servery, coffee machine, 2 x under counter refrigerators and electronic cash register
• Commercial kitchen with range cooker, griddle, fryer, refrigerator, freezer, combi oven, glass washer, dishwasher, 2 x sink units and 4-door under counter refrigerator
• Ladies and gents WCs with wash hand basins
• Disabled WC with wash hand basin
• Cellar

First Floor
• Restaurant with tables and chairs for up to 50 covers, bar servery, electronic cash register and large screen TV

Second Floor
• 2-bedroom flat with kitchen/diner and bathroom
• 1-bedroom flat with second room that could be used as a further bedroom

External
• Rear garden area

Other information

Trading hours:

Mon - Sun: 11:00am to 10:00pm