Business for sale

Business description

Location this business is located in cornwall.

Turnover we are informed the sales year ending 5th april, 2006 showed in the region of £120,000. Gross profit 65% approx. In our opinion offering tremendous potential for further increase, especially with additional opening hours.

Price to include the valuable freehold property, goodwill, fixtures & fittings £525,000 plus stock at valuation
substantial mortgage to an approved applicant

Or to include the valuable freehold property lock-up restaurant, goodwill, fixtures & fittings £325,000 plus stock at valuation
substantial mortgage to an approved applicant

Features outstand opportunity to acquire an old established licensed restaurant in this sought after west cornwall coastal resort occupying a sought after position, close to the beach and town centre.

Attractive restaurant 31ft x 25ft approx. Beamed ceiling. Attractive bar with beer pumps, soft drinks dispenser, chiller, shelving, coffee machine. Tables and chairs providing seating for 50 persons.

Ladies' and gentlemen's cloakrooms

Kitchen 16ft x 14ft approx. With ceramic tiled floor, fully tiled walls. The equipment includes stainless steel tables, dishwasher, 6-burner hob with double oven, extractor unit, double grill, double deep fryer, plate warmer, 5 microwave ovens, large fridge, large deep freeze, eye level grill, stainless steel sink plus additional sink.

Opening hours at present the business trades each year from the 1st may to the end of september.

Evenings only - 5 p.m. - 9 P.m. Seven days per week (in july and august the business remains open until 9.30 p.m).
In our opinion there is tremendous potential for additional opening hours, especially with day time opening during the summer months.

Accommodation the private spacious living accommodation comprises:

*3 Bedrooms -
*bedroom 1 - 12ft 6 x 9ft 2 with fitted wardrobes
*bedroom 2 - 11ft 6 x 10ft approx.
*Bedroom 3 - 10ft x 8ft 6
*fully tiled bathroom with bath, w.c. And wash hand basin
*large lounge 22ft 6 x 14ft with ornamental beamed ceiling
*fully fitted kitchen


Tenure freehold

Rateable value: £9,400 p.a.

Recommended for early inspection

Retirement sale


Reference : R8045