Leasehold Restaurant in Somerset For Sale

Business description

Bag a Business is pleased to offer for sale this thriving restaurant, which was established in the 1990s and has been under the proud ownership of our clients since 2005. It is only now being placed on the market to allow them to develop other business interests. Run by our clients, with help from a dedicated team of two full-time and two part-time members of staff (average wage bill £650 per week), the business achieves a healthy turnover in the region of £127,000 whilst enjoying an annual gross profit of over £90,000. Cobblestones has built up an excellent reputation for its good food, friendly atmosphere and pretty gardens with stunning views of the castle. We feel that this opportunity represents an ideal base for a new owner to build upon, perhaps by extending the opening hours to include Tuesdays and maybe opening later and extra evenings during the summer months. Early viewing is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Original lease length: 12 years
Remaining lease length: 8 years
Review every 3 years
Rent: £16,500 per annum

Living accommodation:

Well presented single-storey premises. Briefly comprising: GROUND FLOOR Bar with area for customers to relax in Main dining area with approximately 40 covers Quiet area Ladies toilets Gents toilets Disabled toilets Well fitted commercial catering kitchen with extraction system Store room with shelving to walls EXTERNAL Rear gardens with access to castle grounds Outdoor seating for approx 50 people. Storage shed

Location:

The Cobblestones is located on the main street in the sought after village of Dunster, which is in Exmoor National Park near Minehead in Somerset. The village, which has over 200 listed buildings, contains a good mix of complementary shops and businesses and has excellent on and off street parking facilities. The business draws its trade from the local population as well as from visitors who flock to the area, particularly during the summer months, many of whom come to Dunster for its wide selection of independent shops and restaurants. Many also visit the splendid castle, which has extensive grounds to which Cobblestones backs on. Although set in spectacular countryside and only half a mile from the coast, Dunster enjoys excellent links via the M5 motorway, which is accessed at Taunton, 20 miles away.

Other information

Trading hours:

Mon. Wed & Sun: 10.30am - 3.00pm Thurs - Sat: 10.30am - 3.00pm then 6.00pm -9.00pm Tues: Closed