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Leasehold Sea Food Restaurant Located In Cornwall For Sale

Cornwall, Cornwall, UK
Asking Price:
£350,000 Furniture / Fixtures included
Turnover:
£850,000
Net Profit:
Available on request

Veritas Business Sales are delighted to offer for sale this very popular 60 cover Sea Food Restaurant which is located in Cornwall. The business was established by our clients and is now being offered for sale due to other business commitments.

Since ownership they have refurbished the premises and continually 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. The business is owner operated with the help of a number of dedicated full time and part time members of staff and has an annual turnover of circa £850,000 (based on 6 day week). The business has an excellent trading position.

We believe that there is further potential to increase revenue by expanding upon the current opening times and by continuing to trade during the winter months. 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 high turnover business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 10 years
Remaining: 10 years
Rent: £40,000 pa
Rates: £12,000 pa

Leasehold Rent:

£40,000 per annum

Location:

This delightful Sea Food Restaurant is located in Cornwall.

Premises Details:

Ground Floor
Eating area: Tables and chairs, reception/sales counter, till, sink with drainer, under counter drinks fridge, espresso coffee machines, hot water dispenser, various shelves and under counter drinks fridge.

Ground Floor
Entrance
Eating area comprising: tables with chairs. Hallway to Kitchen comprising: glass washer, undercounter fridge, microwave, chiller units, various stainless steel shelves, large extraction unit, grill, stainless wash basin, complete range (fryer, burner cooker, oven solid top, 10 Grid Rational, various cooking utensils and trays, sink with drainer, dish washer), pass with heat lights, full drinks service set up.

Kitchen through to: Storeroom comprising walk in fridge, freezer various shelves, , various stainless steel shelves W/C with wash basin. Leading to: Full Office and addition store

Other Information

Inventory / Stock value:
£5,000

Contact Veritas Business Sales

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