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Charming Restaurant - Close To The Harbour For Sale

Minehead, Somerset, UK
Asking Price:
£55,000
Turnover:
£50K - £100K
Net Profit:
Available on request

This is a ground floor lock up restaurant set within a mid-terraced Grade II listed building.

Currently trading as a busy 40 cover restaurant and is now available as a going concern.

In total the ground floor comprises of 443 square feet and includes the restaurant area, servery, preparation area, cloakroom and store rooms.

Our clients acquired the property three years ago and the business is now available for genuine reasons and provides a comfortable living.

The turnover for the end of March 2020 was approximately £85,711 per annum.

The business opens all year round; 9 am to 4 pm during the summer months and 9 am to 3 pm in the winter months.

There is obvious scope to extend opening times to include trading in the evenings.

The business is operated by a proprietor and chef with part-time staff if and when required.

Portside Diner has a wide and varied menu with plenty of homemade fayre including cream teas, all day breakfasts, seafood dishes, steaks and burgers, ploughman’s as well as baguettes, sandwiches and toasties along with a selection of alcoholic drinks, soft drinks, tea and coffee etc.

Property Information

Property:

Leasehold

Lease Terms:

The premises are offered on the basis of an existing seven year lease at a current rental of £7,080 per annum plus an ingoing premium of £55,000.

The lease commenced on the 22th of November 2018.

Leasehold Rent:

£7,080 per annum

Location:

In a prime tourist trading position, close to the harbour and quay at Minehead, this property is well placed to take full advantage of the passing tourist trade.

The property is a few yards from The Esplanade and Minehead is often referred to as the ‘Gateway to Exmoor National Park’, offering a host of tourist facilities.

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