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Leasehold Café & Restaurant Located In Mevagissey For Sale

Mevagissey, Cornwall, UK
Asking Price:
£89,950 Furniture / Fixtures included
Turnover:
£237,066
Net Profit:
Available on request

Leasehold Café & Restaurant located In Mevagissey. Village centre location, close to the harbour. Fully licensed.

Veritas Business Sales are delighted to offer for sale this very popular day and evening time restaurant business which is located in the seaside/fishing village of Mevagissey. The property has been trading as a restaurant for over 30 years and has been in the careful hands of the present owners for the last 4 years. Reluctantly the business is now being offered for sale so that our clients can enjoy a well deserved retirement.
Since ownership they have refurbished, redecorated and continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included with in the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is very much owner operated and in the season employs the help of 3 full time and 4 part time members of staff (wages £79,000) and has an annual turnover of £237,066 with a gross profit of 154,112 (65%). Number 5 restaurant is open all day in the season starting with freshly prepared English breakfast, pastries, fresh local coffee and a selection of tea’s. Lunch time and evening they serve a fine range of locally caught fresh fish as well as steak and chicken. All fayre is freshly prepared to order on site using only the finest local produce. The bar is fully stocked with a selection of local beers and fine wines from around the globe.
We believe that there is further potential to increase turnover should you wish. This restaurant would be the perfect opportunity for a husband & wife/couple to take over. 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 business is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 10 years
Remaining: 3 years
Rent: £15,500 pa
Reviewed: 3 yearly
Business rates: Zero

Location:

This delightful day and evening time restaurant business is located within a prominent and highly visible trading position in the stunning Cornish village of Mevagissey. The village has a number of complementary independent retailers and enjoys high levels footfall and tourism especially during summer months. Mevagissey is a picturesque working fishing harbour with a population of circa (2,015) situated 5 miles south of St Austell.

Premises Details:

Ground Floor
Front restaurant (9.0m x 3.0m) comprising: coffee table with seating, 5 oak tables and chairs with covers for (15), various pictures, various menu boards, and 2 children’s high chairs.
Rear restaurant with bar (8.5m x 5.3m) comprising: 8 oak tables and chairs with covers for (24), 2 coffee tables with 4 leather look chairs, 2 stools, various wall mirrors, various menu boards, under counter drinks fridge (Prodis), epos cash register, under counter fridge (Polar), freezer (Beko), microwave, expresso coffee machine (LaSpaziale), coffee grinder, hot water dispenser (AA), glass washer (DC Series), ice machine (Polar) and upright double door drinks fridge.
W/C with wash basin, baby changing unit and wall mirror.
Kitchen (8.0m x 2.0m) comprising: upright fridge (Polar), dual fryer (Lincat), dual fryer (Gambi), 2 stainless steel prep tables, various stainless steel shelves, hot plate (Blizzard), convection oven (Roller Grill), sink with drainer, 4 draw chiller unit (Polar), 2 door chiller unit (Polar), plate warmer, under counter stainless freezer (LEC), 2 double over shelves with warming lights, 3 door chiller unit (Polar), kitchen units wall and floor, 2 toasters, 2 stainless microwaves (Daiwoo), 6 hot ring oven, large extraction hood and salad bar (Polar).
Pot wash area (7.9m x 1.5m) comprising: 2 door upright chiller unit (Apollo), chest freezer, upright fridge, stainless steel prep table, sink with drainer and directional hose, dish washer DC Series) and washing machine.

Energy Performance Rating:
E

Business Operation

Reasons for selling:

Retirement

Trading hours:

March – September Monday – closed Tuesday – Sunday – 11.00am – 10.00pm

Years established:
30 years

Other Information

Inventory / Stock value:
£2,000

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