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Fantastic Restaurant Great Location In Torquay For Sale

Torquay, Devon, UK
Asking Price:
£160,000
Turnover:
Not applicable
Net Profit:
Not applicable

A fantastic, freehold 45 cover restaurant premises in the sought-after St. Marychurch district of Torquay, Devon. This business has been successfully owner operated for many years, a full hand over and training of the easily operated business will be provided. These enviable premises are conveniently located in a densely populated area with high amounts of tourism. Also benefitting from a spacious, immaculately presented and well-equipped commercial kitchen, separate ladies and gentlemen's cloakroom facilities and a valuable collection of feature original enamel signs which are included in the sale. There are dining areas on both street and lower ground floor level which interconnect inside as well as having separate entrances. Functions, events or even subletting could easily be a possibility. The premises enjoy low overheads, ideal location, and great reputation and this is an opportunity not to be missed.

Location
Memories Restaurant is in a prime location within St. Marychurch Precinct. This unit occupies a prominent trading location and benefits from a fine reputation with good repeat custom. St. Marychurch Precinct forms part of a mixed parade of shops fronting the busy Fore Street. There is convenient parking immediately behind these premises with al-fresco dining atmosphere to front. Ideally located to take advantage of main arterial road links to all parts of Devon, Torquay town centre is 5 mins. away and the Cathedral city of Exeter with its international airport nearby.

Business
This is a unique opportunity to acquire a much liked, centrally located Restaurant which has been trading successfully for many years, whilst still retaining plenty of scope to expand on the already impressive turnover by extending opening hours. Currently trading with a husband-and-wife team for two nights per week providing a good income. Actual trading accounts will be made available following a successful formal viewing.

Accommodation
Entrance through part glazed doors

Ground floor
Dining area
8.22m x 5.39m
With 7 tables providing approx. 22 covers. This highly unique area has been comprehensively adorned with original wall signage of local, regional and national memorabilia. Generous sized tables with comfortable chairs together with 2 chandeliers and wall lighting, bespoke wood fronted and top bar with an array of optics on back wall, 1 twin under counter bottle fridge, 1 single under counter bottle fridge, 1 electric till, credit card machine and ample storage for crockery, cutlery and glassware.

Steps leading to

Rear corridor
This area has a door to the side, stairs leading to the lower ground floor dining area and doors to.

Ladies toilet
With low level WC and wash hand basin.

Gents toilet
With low level WC and wash hand basin.

Cupboard
A good-sized cupboard for general storage.

Kitchen
4.84m x 2.12m, 2.93m x 1.37m (L-shaped)
A spacious, light and airy space which has been fully equipped with the following: 1 six ring gas cooker & double oven with gas grill over and stainless steel extractor above, 2 free standing deep fat fryers, 1 panini griddle, 2 plate warmer cupboards, 1 commercial dishwasher, 6 microwave ovens, 1 stainless steel hand wash basin, 1 wall mounted gas water boiler, 1 upright fridge, 3 under counter fridges, an array of worktop space together with inset twin stainless steel sink & drainer, ample shelving for crockery, pots and pans, window & glazed door to side which leads to a court-yard.

Lower ground floor

Dining area
8.31m x 4.96m
A fantastically presented cosy area providing an additional 22 covers. This area can be accessed independently from the front or via the rear corridor of the restaurant upstairs. The area comprises of 3 bespoke dining cubicles, a snug with two tables and an additional table for three. To one side is an additional bespoke bar with seating and the bar is comprehensively equipped with drinks chillers, beer flash coolers, optics on back wall and ample space for storage of crockery, cutlery and glassware.

Store
A large built-in storage area with refrigeration units and ample shelving for general storage.

Courtyard
This is an enclosed courtyard which is only accessed from the kitchen and has both covered and an open area which could accommodate table & chairs.

Opening hours
Current opening hours due to lifestyle choice and imminent retirement. There is no opening or closing restrictions.
Normally the two-day trading would be as follows.
Friday 18.30 – last orders 20.30
Saturday 18.30 – last orders 20.30

Staff
Only operated by a husband & wife team.

Fixtures & fittings
Trade fixtures, fittings, equipment, land and buildings except for vendor’s private inventory will be included in this freehold sale. Full inventory will be provided prior to exchange of contracts

Services
Main’s electricity, gas, water and drainage are all connected, however no testing of these services have been inspected by the agents, Ware Commercial

Business rates
small business rates relief - no rates payable
Please make your enquiries on the local Valuation Website (VOA)

Tenure
Freehold

Viewings
All viewings and enquiries are to be made through the agents Ware Commercial.

Property Information

Property:

Freehold

Contact Ware Commercial

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