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Leasehold Cocktail Bar And Restaurant Located In Falmouth For Sale

Falmouth, Cornwall, UK
Asking Price:
£89,950 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

Leasehold Cocktail Bar & Restaurant Located In Falmouth. Prominent Town Centre Trading Position. Exceptional Fixtures & Fittings. Impressive Turnover. Further Details On Application.

Veritas Business Sales is delighted to offer for sale this stylish cocktail bar and restaurant occupying a desirable trading position in the heart of Falmouth. Our clients extensively refurbished and transformed the premises before opening in April 2024. Their investment included redecoration and the installation of a comprehensive range of quality fixtures, fittings and commercial catering equipment. The business is now offered for sale so that they can focus on their property development interests.
The business is operated by the owners, supported by seven part-time members of staff. Our clients report average weekly turnover of approximately £10,000 during the summer months, with drinks accounting for around 70% of sales and the Latin American food offering contributing the remaining 30%.The premises are presented in excellent condition, providing an incoming operator with an attractive and well-equipped bar and restaurant.
External seating for approximately 18 customers complements the internal accommodation. There is potential to develop the food offering and explore additional winter opening days. This represents an excellent opportunity to acquire a distinctive hospitality business with an established trading presence, substantial reported summer sales and an extensive fit-out.
Early viewing is highly recommended.

Further Details On Application.

Property Information

Property:

Leasehold

Lease Terms:

Term: 7 years
Remaining: 4.5 years
Rent: £20,000 per annum
Business Rates: £800 per annum

Location:

This thriving Cocktail Bar & Restaurant occupies a desirable position in the heart of Falmouth’s established shopping and dining district. This characterful thoroughfare accommodates a diverse mix of independent retailers, cafés, restaurants and bars. The harbour and Custom House Quay are close by, while Discovery Quay, Events Square and the National Maritime Museum Cornwall are within easy walking distance. The central setting provides opportunities to attract local residents and visitors exploring Falmouth’s shops, waterfront and maritime attractions, making this an appealing location for a hospitality business.

Energy Performance Rating:
D

Business Operation

Management type:
This business is owner operated.
Employees:
7 part time

Other Information

Inventory / Stock value:
£4,000