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Renowned Seafood Restaurant In Prestigious Location In Torquay For Sale

Torquay, Devon, UK
Asking Price:
£67,500
Turnover:
Available on request
Net Profit:
Available on request

Man Fridays Lobster House is a family owned business and has been established for over 30 years. Occupying the first floor of an end of terrace building directly on Torquay harbour side allows the restaurant to have superb views across the Harbour and the Bay complemented in the evening with the lights from the Harbour Bridge and the Big Wheel. Man Fridays is a renowned seafood restaurant registered with the Marine Management Organisation thus enabling the owners to source their catch from the local Torquay fishing fleet meaning they offer the freshest fish and shellfish and guaranteeing it is from a sustainable source. Man Fridays steak is sourced from Churston and the wines are purchased from local vineyards. Where possible the owners endeavour to use locally sourced produce. The restaurant is operating on limited hours due to the owners wish to retire, opening Friday and Saturday evenings only. This therefore offers the next operator the opportunity to extensively expand the trading times and therefore the turnover of the business. The owner chef and front of house are assisted by a strong kitchen & front of house team. A comprehensive handover will be provided.

Property Information

Property:

Leasehold

Location:

Together with Brixham and Paignton, Torquay is one of the three towns that make up the renowned ‘English Riviera’. Man Fridays Lobster House is located on Victoria Parade overlooking Torquay’s inner harbour, which is situated between the town centre and Beacon Quay forming part of the outer harbour. The inner harbour area has a vibrant feel and has benefitted from continued investment over the last decade or so, re-establishing this part of the town as the heart of Torquay with many independent retail and catering businesses. Thus, this area receives a huge amount of passing trade from the many visitors and is also extremely popular with the locals.

Premises Details:

The premises comprises:-

Access via the side of the premises with staircase to First floor:-

Main trade area
Smart décor throughout with floor to ceiling window to the front and sea views to the side. Solid wood tables and chairs providing seating for circa 44.

Balcony with canopy
Providing stunning views and seating 4 at two tables.

Bar area
To the rear. Bar seating for 4. Bar mounted beer font, optics to the back wall, 3 door under counter drinks fridge, stainless steel sink with drainer and storage shelving. Step up to:-

Ladies & gents cloakrooms

commercial kitchen
Well equipped with a range of equipment including:- Galley style with commercial extraction system, wipe clean and stainless steel splashbacks. Two large stainless steel fridge units with worktops, 3 commercial microwaves, 1x 6 ring gas cooker with oven, 1x 4 ring gas cooker with oven, small electric grill and double deep fat fryer. Alcove with drainage housing the fish fridge. Wash Up Area with commercial dishwasher and large sink unit with drainer. Recess Area with chest freezers.

Storage & stairway
Providing access to side lane and bin store.
From the main trade area staircase to:- Second floor

owners accommodation

lounge/kitchen/diner
With large picture window to the front providing stunning views across the Harbour and Torbay. Kitchen with fitted wall & floor mounted cupboards.

Double bedroom

bathroom
With full bath suite and electric shower over.

Dressing room/store
Access to:-

Potential outside seating area

general information

rateable value
2017 List: £6,200. Please note this is not the Rates Payable. 100% Small Business Rate Relief will be available to eligible parties. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.

Tenure
The premises is available via assignment of the current Fully Repairing and Insuring lease with a term of 21 years from 2007. The rent is £16,500 per annum.

Services
All mains services connected to the premises.

Legal fees
Each party to cover their own legal costs. However, the ingoing tenant will be responsible for the Landlord’s reasonable legal costs incurred for the lease assignment.

Inventory
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

Stock
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.

Council tax band A

EPC Awaited

Other Information

Related Documents:

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