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Well-Established American Themed Bar & Restaurant For Sale

Paignton, Devon, UK
Asking Price:
£75,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

The Factory Bar & Kitchen is an established business with an American Diner theme incorporating an industrial element with ceiling mounted stainless steel extraction systems and industrial style ceiling mounted drop pendant lighting. The décor incorporates the American flag colours of red, white and blue alongside wall mounted memorabilia and illuminated drinks signs. The premises, which are presented to a high standard, trades 7 days a week, 9am – 11pm weekdays and until 1am on weekends with daily Happy Hour from 4pm and 7:30pm. Food is available all day with a full breakfast menu available until 12 noon including American style breakfasts, a range of snacks and sharers, salads, hot dogs, subs, sandwiches, burgers and traditional options including lasagne, macaroni cheese, gammon steak and fish & chips. There is a children’s menu and American style dessert menu. The bar offers a full range of alcoholic and soft drinks including a selection of Mocktails, soda floats and milkshakes.

Property Information

Property:

Leasehold

Location:

The Factory Bar & Kitchen is situated on Torbay Road which is known as Paignton’s ‘Golden Mile’. This main road leads from the railway station and town centre down to the seafront and benefits from a mixture of independent traders, cafes, bars and entertainment venues making this area extremely popular with locals and providing a large seasonal boost during the holiday season.

Premises Details:

The accommodation comprises:-

Double fronted unit
With illuminated signage, double glazed windows and double entrance doors.

Outside seating
For approximately 20.

Main trade area
Granite slate flooring, wood panelling to daido rail, painted concrete slab walls, wall and ceiling mounted air conditioning units and central heating radiators. Seating for approximately 100 at a selection of wood effect tables with high backed cushioned chairs, leather sofas and chairs, poser tables with high backed bar stools.

Towards the rear leads to:-

Private patio area
Double glazed door and bi-fold windows, picnic bench seating for 20 overlooking Torbay Park and beyond to Paignton Seafront.

Ladies cloakroom
With 3 WC cubicles and 2 inset stainless steel wash hand basins.

Gents cloakroom
Steps down from the main trade area. WC, 4 wall mounted urinals with inset stainless steel wash hand basin.

Disabled cloakroom
With WC, wash hand basin and baby changing unit.

Bar
Raised bar with granite work top and stainless-steel handrail. Multi soft drinks dispenser, 6 bar mounted beer and cider fonts, under counter drinks fridge, large upright drinks fridge and touch screen till. Tea & coffee prep section, under counter freezer, microwave, Rancilio coffee machine, separate grinder, 2 milkshake blenders, large upright drinks fridge, under counter drinks fridge, touch screen till with cash drawer and EPOS system. WASH UP AREA with glass washer, small double sink unit with drainer, ice machine and multi soft drinks dispenser. Back bar with undercounter shelving for glassware, wall mounted shelving for display of wine and spirits, 2 bar mounted porcelain sink units, wall mounted blackboard menus, illuminated drinks display signs. Storage cupboard with music equipment.

Servery
With cutlery and condiments, heated pass and illuminated Coca Cola sign.

Wash up room
Whirlpool commercial dishwasher, stainless steel work surfaces, large commercial sink with drainer, wash hand basin, Aqua tap and mixer tap, wall mounted shelving.

Leading through to:-

Commercial kitchen
Commercial non-slip flooring throughout. Central stainless steel prep area, salad prep 3 door refrigerator with work top, 4 commercial Samsung microwaves, free standing double deep fat fryer, 6 ring gas hob with integral griddle, gas grill and 2 ovens under. Commercial extraction system, large upright commercial refrigerator, large upright commercial freezer.

Freezer room
Steps down from the commercial kitchen. 3 large upright freezers, 1 chest freezer, wall mounted boiler, python system, soft drink dispensers. This area can be accessed from the front of the building via a side alley which also provides BIN STORAGE. Access to rear yard with Sure Gas system and wall mounted air conditioning vents.

General information

Rateable value
£24,000. Please note this is not rates payable. For further information, we advise you contact the Local Billing Authority, Torbay Council.

Tenure
We have been informed the Landlord will grant a new Free of Tie, internal and shopfront repairing lease with insuring obligations to the ingoing tenant at a guide rent of £27,500 per annum. Further terms to be negotiated. The ingoing tenant to supply satisfactory references and credit check.

Services
All main services are connected.

Trade inventory
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

Stock
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

Energy Performance Rating:
C

Contact Bettesworths

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