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Leasehold Restaurant Located In The Padstow Area For Sale

Padstow, Cornwall, UK
Asking Price:
£99,950 Furniture / Fixtures included
Sales Revenue:
£150,000
Cash Flow:
Available on request

This outstanding restaurant is located in an unspoilt Cornish village near Padstow. Established business with a great reputation and and fully licensed.

Veritas Business Sales are delighted to offer for sale this well respected and very popular 36 cover restaurant which is located in a highly popular tourist hotspot in Cornwall. The premises has traded as a restaurant for many years and has been in the careful hands of the current owners for the past 10 years and they are now offering the business for sale so that they can concentrate on other interests. Since ownership they have refurbished, redecorated and invested in some new equipment along with fixtures & fittings which are all bought and paid for and included within the purchase price and the outside of the restaurant has recently been decorated which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and employs the help of 1 full time chef and 2 part time members of staff and has an annual turnover of circa £150,000. This popular restaurant has built a fantastic reputation over the years for serving locally caught freshly fresh and seafood along with meat dishes which can be accompanied with some fine wines. During the last few months of lock-down the business has been very successful with their take away service. We believe that there is further potential to increase trade by extending upon the current opening times by opening during the daytime. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Term: New 10 year lease available
(to be finalised with the landlord)
Reviewed: 5 yearly
Rent: £9,500 pa
Rates: Zero

Leasehold Rent:

£9,500 per annum

Location:

This outstanding restaurant is located in an unspoilt Cornish village near Padstow where you will find quaint slate built cottages. The village is set within the Seven Bays region offering seven bays for seven days and its coast line boasts some of the most spectacular beaches in North Cornwall.

Premises Details:

Ground Floor
Restaurant/Bar (5.6m x 8.8) comprising: restaurant with tables & chairs to cover (36), various menu blackboards, various pictures, espresso coffee machine (Delonghi), electronic cash register, 2 double door under counter drinks fridges, serving counter and various shelving, stainless steel wash basin.
Gents & Ladies W/C with wash basin.
Kitchen (4.0m x 5.4m) comprising: 3 stainless steel prep tables, upright white fridge (Gram), upright white freezer, wash basin, dual sink with drainer, dishwasher (Comenda), griddle l(Lincat), 6 burner cooker ( Lincat), dual chiller unit with stainless steel surface (Polar), various stainless shelves and plate warming oven.

External
Front patio area

Business Operation

Trading hours:

Tuesday – Saturday – 5.30pm – 9.3.0pm
Monday & Sunday – closed

Other Information

Inventory / Stock value:
£500

Contact Veritas Business Sales

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