Freehold Bar & Restaurant Located In The Centre Of Newquay, Cornwall. Self Contained Two Bedroomed Apartment Above With Sea Views.
Veritas Business Sales are delighted to offer for sale this respected Freehold Bar & Restaurant which is located in the centre of Newquay. The business was established by our clients back in 2016 and is now being offered for sale so that they can enjoy a well-deserved retirement.
Since ownership they have completely rebuilt the property from top to bottom with no expense spared and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Toast is owner operated and requires the help of 1 full time and 2 part time members of staff and has an annual turnover of circa £170,000. Toast is a haven for Mediterranean, European, and Spanish cuisine and caters to a diverse palate with an array of vegetarian friendly, vegan, and gluten-free options, all made with locally sourced fresh produce. They can be accompanied with a fine selection of cocktails, wines and beers as well as well as locally sourced coffee and various teas. Currently the business operates 5 days a week dropping to ¾ during the winter months. The first floor provides a self-contained 2 bedroomed apartment tastefully decorated with wooden beams and views overlooking Towan Beach.
We believe that there is further potential to increase trade by extending the current opening times and trading all year round. 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 freehold business which is a great base to build upon and as such early viewing is highly recommended.
